A standard variable rate, or SVR, is an interest rate set by your mortgage lender that you may be moved onto once your fixed, tracker or discount rate mortgage deal ends. If you’d prefer not to ...
it doesn’t typically impact fixed mortgage rates. Compared to variable mortgage rates, which continue trending downward, fixed mortgage rates are almost impossibly static. They’ve barely ...
Get up to $4,100 cash back with a new BMO fixed or variable-rate closed mortgage or Homeowner Readiline with a term of three years or longer. Use your new or existing BMO chequing account as a ...
A good option for those who want the stability of a fixed monthly payment. If interest rates in the mortgage market go down, you may end up paying more than you would on a variable-rate deal. If the ...
With the Bank of Canada’s benchmark rate falling to 3.25 per cent today from 5 per cent in June – and more decreases expected ...
Learn about the current mortgage rates, background on the changes, and predictions for the future, with advice for your ...
The prime rate is a critical factor influencing mortgage rates in Canada . It serves as a benchmark for variable lending ...
Interest rates are expected to rise in the new year and mortgage borrowers who are coming to the end of a fixed-rate deal may ...