Variable rate mortgages

After a six-month pause, Canada’s central bank announced Wednesday morning it’s hiking its target overnight lending rate by a quarter of a percentage point to 1.5%. “Canada’s economy continues to operate close to its capacity and … Read More

Last week, we released Ratehub.ca’s 2017 Digital Money Trends Report, where we analyze the relationship between Canadians and personal finance. Specifically, the report looks at trends related to credit cards, saving, insurance, and more. Here’s what … Read More

It’s been about a year now since Canadian mortgage rates hit their all-time low. After that, rates began creeping back up for the first time in years thanks mostly to regulatory changes that made mortgage lending … Read More

When preparing to get a mortgage, many people wonder how changes to the prime rate will affect their mortgage payment.

For many consumers, their mortgage journey begins and ends at the bank branch. They call, get a quote, and maybe get one from a competitor just for safety. But what a lot of people don’t realize … Read More

The Bank of Canada (BoC) made their regularly scheduled interest rate announcement this morning, and issued no surprises leaving the target for the overnight rate unchanged at 0.50%. That leaves prime rate steady at 2.70%, and … Read More