Variable-rate Mortgages
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Half of variable mortgage holders with fixed payments have hit trigger rate: BoCThe Bank of Canada is estimating that nearly two-thirds of variable-rate mortgage holders on fixed payments will hit their trigger rate by mid-2023.ConsumerNov 22, 2022
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High home prices, debt levels could ‘accelerate’ economic downturn, Macklem warnsBank of Canada governor Tiff Macklem said the high amount of debt Canadians have tied up in the housing market is a 'vulnerability' as the economy begins to slow.EconomyNov 10, 2022
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Rate hike won’t take ‘too much steam’ out of Canada’s housing market, experts sayExperts say Canada's housing market will remain hot after an initial interest rate hike from the Bank of Canada, pointing to pent-up demand and low supply.MoneyMar 2, 2022
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Even with fixed mortgage rates lower than variable ones, locking in isn’t a slam dunkStaying put may pay off for some variable-rate mortgage holders.MoneyNov 16, 2019
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Mortgage rates on the rise in Winnipeg after interest rate hikeFor the first time in seven years the Bank of Canada has raised the interest rate which means mortgage payments for some Winnipeg homeowners will be going up.EconomyJul 12, 2017
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What you need to know about mortgages if interest rates riseHere's what you need to know if you have a mortgage or will be getting one soonMoneyJul 5, 2017
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Interest rates could rise July 12: Who are the winners and losers?The big divide is between housing haves and have-notsMoneyJun 29, 2017
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New GDP numbers could be bad news for Canadians with debtThe probability of an interest rate hike just got higher.MoneyMay 31, 2017
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Why homebuyers should stay away from this popular financing strategyBottom line: If you can't afford a larger down payment, buy a smaller home or keep renting.CanadaApr 27, 2017
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