View graphs outlining Canadian prime rate history from as far back as 1935 and compare the historical prime mortgage rate to the overnight rate from 2000.
The pandemic didn’t slow Canadians from borrowing more to buy real estate. In fact, mortgage data may be showing the exact opposite. Statistics Canada (StatCan) data shows residential mortgage credit hit a record in 2020. Typically during a recession credit growth is expected to slow down. Last year saw the opposite, with declining rates pushing […]
View graphs outlining Canadian prime rate history from as far back as 1935 and compare the historical prime mortgage rate to the overnight rate from 2000.