Variable mortgages expected to grow in popularity as variable rates come in lower than fixed ...
For a while, it looked like mortgage rates in Canada were finally settling into a more affordable pattern. Fixed rates had been drifting downward, and variable rates were looking more attractive — ...
On March 12, the Bank of Canada announced a policy interest rate decrease from 3% to 2.75%. This comes just a month and a half since it lowered rates from 3.25% to 3%. Inflation has risen so far in ...
Desjardins's prime rate is 4.70%. The prime rate underpins variable-rate mortgage products. When the Bank of Canada adjusts its overnight rate, Desjardins's prime rate increases or decreases by the ...
Once steadily declining, Canada's inflation trajectory has recently veered off course, unexpectedly rising to 2.9% in January ...