The best high-interest savings accounts in Canada for 2024 + MORE Sep 25th
The best GIC rates in Canada for 2024 Oct 16th
Making sense of the markets this week: November 3, 2024 Nov 1st
The best travel credit cards in Canada for 2024 + MORE Oct 21st
The best GIC rates in Canada for 2024 Sep 30th
The rate cut prompted big commercial banks to lower their prime rates, which are used to set the rates charged for variable-rate mortgages.
Toma Sojonky, a mortgage broker at Verico Paragon Mortgage Group in West Vancouver, B.C., says variable-rate mortgages are beginning to regain some traction with clients after falling out of favour when the rate-hiking cycle began.
“I think there are folks who understand that the pendulum is swinging the other way,” he said.
Those with a variable-rate mortgage have had a wild ride since the start of the pandemic.
You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate quote*I’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense. Just close the tab to return…