senate committee

Fixed-payment variable rate mortgages a “dangerous product,” says OSFI

November 2, 2023 1 Comment

Canada’s banking regulator said Thursday it views fixed-payment variable-rate mortgages as a “dangerous product” that puts certain borrowers at increased risk of default.

Bank Of Canada Governor Tiff Macklem speaks in Ottawa

Expected wave of mortgage renewals contributed to latest rate hold: Bank of Canada

November 1, 2023 1 Comment

The large number of mortgages coming up for renewal at higher rates is one reason why the Bank of Canada decided to leave its target rate unchanged at 5.00% last month.

Bank of Canada Governor Tiff Macklem before Senate committee

BoC’s Macklem: Rate hikes will end soon, but “we are not there yet”

November 2, 2022 No Comments

The Bank of Canada is nearing the end of its rate-hike cycle, but it’s not quite there yet.

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senate committee

Fixed-payment variable rate mortgages a “dangerous product,” says OSFI

Expected wave of mortgage renewals contributed to latest rate hold: Bank of Canada

BoC’s Macklem: Rate hikes will end soon, but “we are not there yet”

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