This news release was from yesterday.
To summarize the Bank of Canada kept it's benchmark interest rate at the record low and gave guidance suggesting that inflation and economic indicators signal rate increases in the coming months. Economists expect a 0.50% rate hike in the third quarter and possibly another 0.50% hike by the end of the year.
http://www.bloomberg.com/apps/news?pid=20601068&sid=aqo3FufkOC7o

We are still in the midst of the lowest interest rates in history and with the expected changes to government-backed insured mortgages and the upcoming rate increases now is the time to take advantage.

Changes in rules
for government-backed insured mortgages:
April 19
BOC key interest rate announcements:
April 20
June 1
July 20
September 8
October 19
December 7

http://www.vancityproperty.com