fixed-payment variable mortgages Archives - Mortgage Rates & Mortgage Broker News in Canada

OSFI warns of mortgage payment shocks as key risk to Canada’s financial system

March 14, 2025 No Comments

Canada’s banking regulator has flagged mortgage payment shocks as a significant risk to the country’s financial stability, citing the large volume of mortgages set for renewal in the coming years.

Some mortgage borrowers renewing in 2025 to face an average $513 monthly payment increase: RBC

December 4, 2024 No Comments

RBC also reported a sharp drop in remaining amortization periods thanks to Bank of Canada rate cuts in the fourth quarter.

What the Bank of Canada’s 50-bps rate cut means for borrowers

October 23, 2024 No Comments

Variable-rate borrowers can breathe a little easier with today’s latest rate reduction.

Tiff Macklem on June Bank of Canada rate cut

Is today’s Bank of Canada rate cut “one and done” for now?

June 5, 2024 No Comments

Variable-rate borrowers finally got their wish of a Bank of Canada rate cut today. But how long could they be waiting until the next?

Some mortgage clients could see up to 40% payment increases at renewal, BMO says

December 4, 2023 No Comments

Like most other financial institutions, BMO said the bulk of its mortgage portfolio will be up for renewal in the coming three years, with the payment increases averaging up to 40%.

Fixed-payment variable rate mortgages a “dangerous product,” says OSFI

November 2, 2023 1 Comment

Canada’s banking regulator said Thursday it views fixed-payment variable-rate mortgages as a “dangerous product” that puts certain borrowers at increased risk of default.

How fixed-payment variable rate mortgages have saved the economy

How fixed-payment variable-rate mortgages have saved Canada’s economy, and why their future could be at risk

August 2, 2023 No Comments

Canada’s economy has so far managed to avert recession and shrug off the fastest rate-tightening cycle in the nation’s history. And one of the key

Mortgage interest costs surge by nearly 70% in the past year

June 18, 2023 No Comments

Mortgage interest costs have undergone a “dramatic” surge over the past year, having risen by nearly 70%, according to Statistics Canada.

fixed-payment variable mortgages