If “a trade war torpedoes the economy,” the Bank of Canada could slash rates as low as 1.5 per cent, increasing the savings ...

Homeowners expect monthly mortgage payments to rise upon renewal in 2025, according to a new survey. As more than one million ...

The survey found that more than half of those homeowners said they expect bad news when they renew and they anticipate their ...

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 ...

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 ...

The ideal time to shop around for a mortgage rate is actually six months ahead of your maturation date. That means, if you’re ...

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

Many Alberta homeowners renewing their mortgages this year expect higher payments and financial strain as interest rates ...

Approximately 1.2 million mortgages will renew in 2025, a vast majority (85%)1 of which were secured when the Bank of Canada's key lending rate was at or below one per cent. Since June 2024, interest ...

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 ...

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