variable mortgage borrowers Archives - Mortgage Rates & Mortgage Broker News in Canada

Tiff Macklem on June Bank of Canada rate cut

Is today’s Bank of Canada rate cut “one and done” for now?

June 5, 2024 No Comments

Variable-rate borrowers finally got their wish of a Bank of Canada rate cut today. But how long could they be waiting until the next?

EQB borrowers remain resilient despite renewal rate shock

August 22, 2023 No Comments

Despite the shock of sharpy higher rates as their mortgages renew, EQB reports that its clients are continuing to prove resilient.

“Extremely resilient” variable-rate borrowers face latest test as prime rate rises to 7.20%

July 17, 2023 No Comments

Variable-rate mortgage borrowers, who have already seen their interest costs rise by more than 70% over the past year, were hit with yet another hike last week as prime rate reached a 22-year high of 7.20%.

Couple worried about hitting trigger rate

Up to 80% of variable-rate borrowers have hit their trigger rate: National Bank

February 2, 2023 No Comments

Nearly 8 in 10 fixed-payment variable-rate borrowers have hit their trigger rate, according to data from National Bank of Canada.

Bank CEOs weigh in on “vulnerable” mortgage clients

January 10, 2023 2 Comments

Canada’s Big-Bank CEOs weighed this week in on the current state of their mortgage clients, including those they consider “vulnerable” in the event of a recession.

variable mortgage borrowers

Is today’s Bank of Canada rate cut “one and done” for now?

EQB borrowers remain resilient despite renewal rate shock

“Extremely resilient” variable-rate borrowers face latest test as prime rate rises to 7.20%

Up to 80% of variable-rate borrowers have hit their trigger rate: National Bank

Bank CEOs weigh in on “vulnerable” mortgage clients

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