Who benefits from the latest Bank of Canada rate announcement? Learn how to use the latest rate drop to boost your financial ...

The Bank of Canada’s latest rate cut lowers borrowing costs, making variable mortgages more appealing. Learn whether fixed or ...

There are two kinds of variable-rate mortgages in Canada. With a typical variable-rate mortgage, the borrower’s payment does not change with fluctuations in the prime rate; instead, changes in ...

Experts say homeowners with variable mortgage rates will benefit from lower monthly payments after the Bank of Canada‘s latest cut to its key policy rate. On Wednesday, the major six banks announced ...

Mortgage experts see some fixed rate options trending lower ahead of the spring housing market. Here's how uncertainty over ...

Variable mortgage rates have generally been lower than fixed ... If you can make a significant down payment, one that goes well beyond Canada’s minimum down payment guidelines, lenders might ...

In fact, if the Bank of Canada shows borrowers more love with another rate cut, we could soon see insured variable rates start with a three. Default-insured fixed rates are already in the threes, but ...

Experts say homeowners with variable mortgage rates will benefit from lower monthly payments after the Bank of Canada’s latest cut to its key policy rate. On Wednesday, the major six banks ...

Here’s what to keep in mind if you’re shopping for a new mortgage rate, or coming up for renewal on your current term ...

Your mortgage rate and payment are not affected by changes to the Bank of Canada’s (BoC) overnight rate. If you have a variable-rate mortgage, however, your mortgage payments change in sync with ...

With a variable-rate mortgage, the interest rate fluctuates based on changes to the lender’s prime rate, which itself is determined by the Bank of Canada’s overnight rate. If the overnight ...