Trigger rates, or what prime rate increase means for your variable rate mortgage
The trigger rate for a variable rate mortgage occurs when the prime rate goes up so much that your fixed payment does not cover the interest you owe each month.
Bank of Canada Curveball – Debora Seehuber-Mann
So the Bank of Canada threw us a curveball this morning and raised it’s overnight rate AGAIN which directly impacts the Canada Prime rate.
Learn how bonds affect your mortgage rate
The Bank of Canada financial policies are important to understand when we are watching mortgage rates. Canada Bond yields lead fixed-mortgage rates.
Bank of Canada Interest Rate Announcement
The latest Bank of Canada Interest Rate Announcement
News
New Initiatives To Boost Housing in CanadaOctober 30, 2024 - 1:19 pm
What You Need to Know About the Bank of Canada’s MoveJuly 25, 2024 - 11:15 am
Bank of Canada Announces Interest Rate DropJune 5, 2024 - 11:18 am
Government’s Homebuyer Support Measures Miss the Mark on AffordabilityApril 12, 2024 - 10:21 am
A Game-Changing Shift in the Economic LandscapeFebruary 22, 2024 - 11:18 am