Category: News

Will the Bank of Canada Cut Rates in 2020?

By: Penelope Graham, Zoocasa The Bank of Canada may have kicked off 2020 with another rate hold – its 10th in a row – but the stable economic factors that have underpinned its recent monetary policy may be starting to fizzle as we enter the new decade. In the latest announcement on January 22, the… Read more »

Lendesk Appoints Sean Wilson As Chief Operating Officer

With the new year comes new beginnings. Today, I’m very excited to announce a new addition to the Lendesk team – please join me in welcoming Sean Wilson to the role of Chief Operating Officer.  Sean brings a wealth of knowledge to Lendesk, following extensive experience working for a diverse group of companies in Vancouver’s accounting… Read more »

Lendesk Launches Purpose-Built Mobile Application for Brokers

Lendesk Launches First-Of-Its-Kind Mobile Application for Mortgage Brokers On The Go Today, we’re excited to launch the Lendesk Spotlight mobile application. A first-of-its-kind, purpose-built tool, this mobile application was developed with the everyday needs of Canada’s mortgage industry professionals in mind. What the Lendesk Spotlight mobile app offers Mortgage Brokers is, for the first time,… Read more »

Will 2020 Usher In Another Year of Rate Holds?

By: Penelope Graham, Zoocasa After a full 12 months of “will they, or won’t they,” it’s official – the Bank of Canada went the entirety of 2019 without changing its Overnight Lending Rate. The trend-setting rate, which sets the cost of variable borrowing for Canada’s consumer lenders, remains at 1.75% where it has been since… Read more »

The Bank of Canada Holds Again in September… But Can It Much Longer?

By: Penelope Graham, Zoocasa The Bank of Canada (BoC) decided to hold pat on its trend-setting Overnight Lending Rate in its September announcement, officially making it an outlier as other central banks around the world take a dovish approach amid growing China-U.S. trade tensions. The rate, which is used by Canada’s consumer lenders to set… Read more »

Fixed or Variable? Both Are Deeply Discounted as BoC Holds July Rate

By: Penelope Graham, Zoocasa Another Bank of Canada rate announcement has come and gone and its trend-setting Overnight Lending Rate has been left once again at 1.75%, where it has sat since October of last year. It certainly seems to be shaping up to be a stable rate environment for variable mortgage holders – but… Read more »

Another Stretch of Rate Stability as Bank of Canada Holds April Rate at 1.75%

By: Penelope Graham, Zoocasa The Bank of Canada (BoC) has ushered in another month of stability for borrowers, opting to keep its Overnight Lending Rate – which sets the variable pricing trends for the nation’s consumer lenders – at 1.75%, where it has remained since October of last year.  Softer economic conditions, both on a… Read more »