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Tag: Variable Rate Mortgage

December 7, 2022 Rate Announcement
December 7, 2022December 24, 2022Mortgage News Canada, Mortgage Rates

Rate Announcement December 7, 2022

On Dec 7, 2022, the Bank of Canada made another increase to the policy interest rate. Prime went up another half a percent, bringing the […]

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Variable-Rate Mortgage
November 1, 2022November 24, 2022Financial Tips, Interest Rates, Mortgage Rates, Variable-Rate

What to Do With Your Variable-Rate

The Bank of Canada has made six increases to the policy interest rate over the past year. Prime went up another 0.5%, in October, bringing […]

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Rate Announcement October 26 2022
October 26, 2022November 2, 2022Building a New Home, Buying a New Home, Interest Rates, Mortgage News Canada, Mortgage Rates

Rate Announcement October 26, 2022

As expected, the Bank of Canada made another increase to the policy interest rate last week. Prime went up another 0.5%, bringing the prime lending […]

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September 7 2022 Rate Announcement
September 7, 2022Building a New Home, Buying a New Home, Interest Rates, Mortgage News Canada, Mortgage Rates

Rate Announcement September 7, 2022

The Bank of Canada delivered the fifth consecutive interest-rate hike to slow Canada’s economy and drag inflation down. The key rate increased by 0.75 percent, […]

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Bank of Canada Rate Increase
July 13, 2022July 14, 2022Mortgage News Canada, Mortgage Tips

Bank of Canada Rate Increase

The Bank of Canada has increased their overnight rate by a full percent, to 2.50% from 1.50%. The rate increase was to be expected, but […]

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Rising Mortgage Rates
May 9, 2022May 9, 2022Mortgage Rates, Mortgage Renewal, Pre-approval

How are Mortgage Rates Calculated?

You may have heard that mortgage rates are on the rise. This impacts new home buyers, homeowners with mortgage renewals, and those who have a […]

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Which is better, variable or fixed-rate mortgage?
October 12, 2021January 2, 2022Interest Rates, Mortgage Tips

Which is better, variable or fixed-rate mortgage?

Which is better, variable or fixed-rate mortgage? This has been a long-debated topic and a pressing question for many Canadian homeowners. Have you thought about […]

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