Variable-rate Mortgages

• Half of variable mortgage holders with fixed payments have hit trigger rate: BoC

  The 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.

  Consumer

  Nov 22, 2022
  
• High home prices, debt levels could ‘accelerate’ economic downturn, Macklem warns

  Bank 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.

  Economy

  Nov 10, 2022
  
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• Rate hike won’t take ‘too much steam’ out of Canada’s housing market, experts say

  Experts 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.

  Money

  Mar 2, 2022
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• Even with fixed mortgage rates lower than variable ones, locking in isn’t a slam dunk

  Staying put may pay off for some variable-rate mortgage holders.

  Money

  Nov 16, 2019
• Mortgage rates on the rise in Winnipeg after interest rate hike

  For 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.

  Economy

  Jul 12, 2017
• What you need to know about mortgages if interest rates rise

  Here's what you need to know if you have a mortgage or will be getting one soon

  Money

  Jul 5, 2017
• Interest rates could rise July 12: Who are the winners and losers?

  The big divide is between housing haves and have-nots

  Money

  Jun 29, 2017
• New GDP numbers could be bad news for Canadians with debt

  The probability of an interest rate hike just got higher.

  Money

  May 31, 2017
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• Why homebuyers should stay away from this popular financing strategy

  Bottom line: If you can't afford a larger down payment, buy a smaller home or keep renting.

  Canada

  Apr 27, 2017