Posts
Update to clients with variable rate mortgages
All our variable rate holder clients will be impacted by the prime rate increases.
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
