Benefits of Variable-Rate Mortgages

Benefits of Variable-Rate Mortgages

Canada Mortgage and Housing Corporation regularly publishes statistics relevant to borrowing behaviours. We had the highest percentage of insured borrowers switching to variable-rate mortgages last quarter. What’s going on? It’s simply more cost-effective,...
Bank of Canada Stands Pat

Bank of Canada Stands Pat

As of their December 5th announcement, the Bank of Canada will stand pat on the overnight rate currently at 1.75%.  “The global economic expansion is moderating largely as expected,” they said, “but signs are emerging that trade conflicts are...