All About Variable Rates

All About Variable Rates

All About Variable Rates Variable rates are based on Prime Rate and the Bank of Canada’s overnight rate, can cause fluctuating or static payments. These payments have cheaper penalty when breaking your mortgage. The banks generally change their prime rates a few days...
Rising Interest Rates

Rising Interest Rates

In recent weeks the fears of rising interest rates and a dooming recession being upon us is something that is catching the eye of Canadians country wide. The Bank of Canada rate increased in the beginning of July after a big inflation increase in June that saw...