There's been a lot of discussion recently about how variable-rate mortgage holders could face their "trigger point." We're going to explore what that means, and the implications for borrowers.
Bond yields dove over 30 basis points on Friday as economic worries start to replace inflation concerns.
Variable-rate mortgages in Canada are now averaging about 4.20%, a full percentage point higher than they were a week ago.
Record-low interest rates drove mortgage debt 9% higher on an annual basis in 2021, its fastest pace since 2008.
As of June 2022, we are currently seeing unnatural discrepancies in the size of mortgage loans borrowers will qualify for,...
As some second-guess the “variable-rate advantage,” we’ll hear more people asking things like, “Is it too late to lock in?”
While today's 50-bps rate hike was no surprise, the hawkish Bank of Canada statements that accompanied it were.
Following a jump in bond yields last week, lenders across the country once again bumped up their fixed mortgage rates.
Most of the country's big banks are now advertising special-offer 5-year fixed rates above 4%.
Variable-rate mortgage holders are about to see their interest costs rise again after Canada's Big 5 banks announced a 50-basis-point hike to prime rate on Wednesday.
