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Stacks of coins with a person using a calculator in the background with The Place To Mortgage logo in the top left corner and the Bank of Canada Update on the bottom centre

What You Need to Know About the Bank of Canada’s Move

Bank of Canada Announces Interest Rate Drop

A Game-Changing Shift in the Economic Landscape

Maximizing Your Finances: Contribute To Your RSP For 2023 Tax Deduction And Secure Your Dream Home.

Navigating Economic Stability Amidst Uncertainty

Here to Help

Bank of Canada Announcement

Inflation Rate Drop

Fixed or Variable Rate

What is the Trigger Rate

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.