The Bank of Canada makes their interest rate announcement schedule available on their website, and currently they have posted the schedule for the rest of 2013.
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Toronto Real Estate & Fine Living
Toronto Real Estate & Fine Living
Globe Investor asked the question today whether it’s “Too soon to bet against a variable-rate mortgage?”
In the story, Preet Banerjee writes, “Academic studies indicate that the best predictor of future interest rates is the current yield curve. Based on that, interest rates are going to be pretty low for the foreseeable future. Add in some shallow discounting off prime for variable-rate mortgages and it’s easy to see why almost everyone is opting for fixed-rate mortgages these days.”
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