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8-3971 Major Mackenzie Drive, Woodbridge
FSCO Lic#M08001050 & M08001089
Information on this page does not represent an official opinion of Northwood Mortgage Ltd.
Michael Tulchenetskiy & Denys Derzhavets, Mortgage Brokers, Top Producers, Northwood Mortgage Ltd.Lic#10349. 7676 Woodbine Avenue Suite 300 Markham, Ontario L3R 2N2. *OAC,Rates are subject to change without further notice. Licensed Mortgage Brokers and Accredited Mortgage Professionals - Michael Tulchenetskiy and Denys Derzhavets are your essential partners in the mortgage process.
06/10/2026
🛑 BREAKING! The Bank of Canada has held its key interest rate steady at 2.25% for the fifth consecutive meeting, aiming to support a turbulent economy while trying to manage inflation driven by the ongoing oil crisis. As a result, the prime rate for variable-rate and lines of credit remains at 4.45%. The next scheduled interest rate announcement is July 15, 2026. More to come on www.mortgagelegko.com
04/29/2026
🛑BREAKING! The Bank of Canada target for the overnight rate remains at 2.25%. Due to the complex geopolitical tension in the Middle East and ongoing economic uncertainty the Bank holds a "wait-and-see" stance, ready to adjust rates if inflation proves persistent or if economic conditions weaken significantly.
‼️Prime rate for variable and line of credits REMAINS at 4.45%!
❗️The next scheduled interest rate announcement is on June 10, 2026. More to come on www.mortgagelegko.com
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2180 Steeles Avenue West, Unit 204
Vaughan, ON
L4K2Z5