borrowing costs

Bank of Canada review impact of higher rates on mortgage consumers

Borrowers to “feel the strain” of high interest rates for several quarters to come, says BoC

April 12, 2023 No Comments

High mortgage rates are taking a bite out of borrower’s budgets, and the Bank of Canada says they will continue to “feel the strain” for several more quarters to come.

More borrowers to reach their trigger rate as prime rate rises to 5.95%

October 26, 2022 No Comments

More variable-rate borrowers are expected to reach their trigger point as prime rate rises another 50 bps.

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borrowing costs

Borrowers to “feel the strain” of high interest rates for several quarters to come, says BoC

More borrowers to reach their trigger rate as prime rate rises to 5.95%

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