Variable mortgage rates are looking increasingly attractive compared to fixed rates, with the potential for significant savings, according to new research from BMO Economics. With additional Bank of Canada rate cuts expected this year, the bank argues that variable-rate mortgages could offer borrowers more savings over the long run. “With borrowing costs more likely to fall than rise—and by […]

Canada’s inflation report for January has led to a sharp decline in the chances of the Bank of Canada cutting rates in March. Canada’s headline inflation rate rose by 1.9% year-over-year in January, a slight increase from December’s 1.8% and in line with expectations.   The increase in headline CPI was largely driven by higher […]

After the Bank of Canada’s latest rate reduction 5-year variable mortgage rates are now on par with their fixed-rate counterparts, raising the question: Is now the time to go variable? With additional Bank of Canada rate cuts expected, variable-rate mortgages are becoming an increasingly attractive option. But choosing flexibility comes with its challenges—borrowers must weigh potential […]

The Bank of Canada (BoC) reduced the overnight rate by 25 basis points this morning, bringing the policy rate down to 3.0%. The market had anticipated a nearly 98% chance of this 25 basis point reduction, and consensus aligned with this expectation. The Federal Reserve is also set to announce its rate decision this afternoon, […]