The prime rate of the 5 major banks in Canada is 2.25%.
The 0.25% rate from the Bank of Canada is called the overnight lending rate.
http://en.wikipedia.org/wiki/Overnight_rate
http://en.wikipedia.org/wiki/Prime_rate
Great posts Eug, you obviously know what you're talking about. Something I would like to add though. The average house in 1953 looks nothing like the average house in 2007-2008. Which might explain why it seems like house prices have been increasing in value faster than the CPI. I think it's...
History will show Ottawa to be one of the last major cities in North America to build a sports stadium in the suburbs. This will prove to be a costly mistake.