All items tagged with: Poloz

How to Cope with the Mortgage Stress Test

Posted: September 03, 2018 By : Beth Graddon
Posted in: Strategic Thinking , Debt Management, GDP, Bank of canada, Evelyn Jacks, distinguished financial advisor, interest rate, inflation, Real Wealth Manager, stress test, mortgage interest, paying down debt, variable rate, fixed rate, housing affordability, mortage, prescribed interest rate, Canada's Econom, y, Steven Poloz, prime lending rates, Mortgage Professionals of Canada

“How am I going to qualify for the home I want?” That’s the question on the minds of prospective home buyers as a complex real estate market, and stringent mortgage criteria threatens their ownership dreams. Seeking sound financial advice can help.

Bank of Canada Increases Interest Rate to 1.5%

Posted: July 11, 2018 By : Knowledge Bureau Staff Writers
Posted in: Strategic Thinking , knowledge bureau, interest rates, Bank of canada, Evelyn Jacks, Poloz

Bank of Canada raised its benchmark interest rate to 1.5 percent (up from 1.25 percent) as anticipated, in an announcement from Governor Stephen Poloz this morning.