On 7 December, 2022, the Bank of Canada hiked its key interest rate by 50 basis points to 4.25%, the seventh consecutive rate hike in...

What is the key policy rate (Overnight Rate)? Average interest rate for one-day loans between financial institutions: the interest set by...

The dates are as follows: Wednesday, January 25* Wednesday, March 8 Wednesday, April 12* Wednesday, June 7 Wednesday, July 12* Wednesday,...

If you have a Variable-Rate Mortgage (VRM) with Fixed Payments, Trigger Rate is an important factor that you may want to consider when...

The Bank of Canada applies the consumer price index (CPI) to target inflation. In other words, CPI tracks how much the average Canadian...

A reverse mortgage is not for everyone. You must be at the age of 55+, and a Canadian homeowner. Two above factors are required in order...

If your mortgage is with a federally regulated lender such as chartered banks, all you need to do is to add 2% to your contract rate and...

Like other loans, a mortgage is not an exception where a good credit score plays a key role in a lender’s decision to offer credit. Just...

Below are details of the more common myths to give you a better idea of the real truth about FTHBI: 𝗠𝘆𝘁𝗵: The incentive is free money...