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Variable rates

A smiling young couple hold a key in their new home

Mortgages

5 smart strategies for renewing your mortgage

5 smart strategies for renewing your mortgage
Tiff Macklem announcing the rate cut on March 12, 2025

News

Bank of Canada drops its key rate, points toward inflation and tariffs

Bank of Canada cuts its key interest rate to 2.75% as tariffs roil economy.

Bank of Canada drops its key rate, points toward inflation and tariffs

News

Bank of Canada cuts key interest rate by quarter point to 3%

The central bank announced its sixth cut in a row since June, as looming U.S. tariffs add uncertainty to...

Bank of Canada cuts key interest rate by quarter point to 3%
A maintenance worker outside the Bank of Canada building on Wellington Street in Toronto

News

Bank of Canada lowers key interest rate by 0.5%

On Wednesday, the central bank announced a jumbo rate cut—its fifth cut in a row since June—and signalled a...

Bank of Canada lowers key interest rate by 0.5%

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Bank of Canada Governor Tiff Macklem participates in a news conference on the bank's interest rate announcement

Mortgages

Variable mortgage rates regaining traction as Bank of Canada cuts rates

As the central bank signals more rate cuts may be coming, borrowers are starting to reconsider the once popular...

Variable mortgage rates regaining traction as Bank of Canada cuts rates
Calculating cost savings on a 3- vs. 5-year mortgage

Mortgages

3-year versus 5-year mortgage: How to choose your term

Interest rates are still high but set to come down, which is a key factor in picking a mortgage...

3-year versus 5-year mortgage: How to choose your term
A game of tug of war to symbolize the efforts of trying to manage inflation and the Bank of Canada's interest rate.

Mortgages

Making sense of the Bank of Canada interest rate decision on April 10, 2024

Making sense of the Bank of Canada interest rate decision on April 10, 2024
Family moving into a new home, anticipating their mortgage interest based on the Bank of Canada's March 6, 2024 policy rate announcement.

News

Making sense of the Bank of Canada interest rate decision on March 6, 2024

Making sense of the Bank of Canada interest rate decision on March 6, 2024

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A father and his son watch as their future condo is built.

Real Estate

Buying pre-construction: What if your home is worth less than you paid?

Due to rising mortgage rates and falling home prices, some pre-construction home buyers are facing financing issues. Let’s look...

Buying pre-construction: What if your home is worth less than you paid?

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