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Stories Tagged - Rates

Courtesy Bank of Canada

March 20, 2020 | Tyler Difley

Bank of Canada makes emergency rate cut amid COVID-19 pandemic

In an unscheduled move, the Bank of Canada (BoC) recently announced it was cutting its overnight lending rate to 0.75 per cent, effective March 16. The move was made to counter the negative economic repercussions of the COVID-19 pandemic and plummeting oil prices.

June 30, 2015 | Nolan Matthias

The real cost of your mortgage

Determining it may not be as simple as you think

nolanSome would think a rate sheet would make mortgage-shopping process  easy. All you have to do is scroll through the list and find the company  with the lowest rate, right? After all, pretty much every mortgage is the same? All you need to do is find the best rate?

It's not quite that easy. Not all mortgages are created equal. Behind each of those rates is a set of terms and conditions that affect the price of the mortgage, quite often more than the interest rate itself.

June 25, 2015 | Nolan Matthias

Calgary market remains great investment

Five reasons to buy rentals in the city

nolanIt appears as though Calgary real estate will continue to be a great  investment for investors looking to become landlords.

This week the Alberta government quelled fears of impending rent controls, signaling the market will continue to support investment real estate as a method of wealth accumulation.

June 10, 2015 | CREBNow

Looking beyond variable mortgages

Short-term fixed re-emerging as alternative

nolanVariable rates are back in fashion after the Bank of Canada lowered the overnight  lending rate in January, and economists expect another decrease in the near future.

Yet, even though variable rates make sense, most borrowers are still leaning toward fixed-rate mortgages for no reason other than certainty. Consumers like to know what their mortgage rate is going to be.

The good news is there are options for risk-averse borrowers who don't want to dive into the variable-rate waters, but still want the low rates that come with the floating products.

June 03, 2015 | CREBNow

PTQ: Laura Parsons

Calgary Area Manager for Mortgage Specialists with BMO

Laura Parsons is the Calgary area manager for mortgage specialists with Bank of Montreal. She recently took some time to chat with CREBNow about how oil prices have affected the lending market, what borrowers should know about low rates and what the Calgary Stampede means to the city.

Nov. 05, 2014 | Nolan Matthias

Picking a mortgage that's right for you

Low rates and product features

nolanFor decades, the process of selecting a mortgage has been the same: go to the bank, choose  between a fixed or variable and don't ask any other questions.

Oh how things have changed. A mortgage is no longer just a mortgage.

There are many things to consider when it comes to finding financing. The first and foremost is whether the bank you love for your everyday needs is the one that is right for your mortgage needs. Ask what rates your bank will offer you without any haggling. You may find they're not as attractive as elsewhere.

Aug. 20, 2014 | CREBNow

Parking perception

Driving only one option for Calgarians looking to access the downtown core

For Calgarian Eric Westrum, cycling to work downtown is a no-brainer.

While he now lives in close proximity to work, Westrum used to live in the northwest, meaning a 30-minute two-wheeled commute.

"I like my bike because I can get to where I need to go quickly and effortlessly, especially downtown, and not have to worry about parking," he said.
Morning News Rundown

Aug. 02, 2012 | CREBNow

Morning News Rundown

Morning News Rundown

July 18, 2012 | CREBNow

Morning News Rundown

Morning News Rundown

July 17, 2012 | CREBNow

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