How will a Variable Rate Mortgage Increase Affect Your Payment

With all the focus on the increase in fixed-rate mortgages, this past week in this video I discuss what will happen to your variable rate mortgage when the prime rate increases.

On Jan 20th the Bank of Canada released the latest report in which they reiterated that they will most likely leave the prime rate unchanged through 2023. You can view my break down of that report here:

Check back with me on March 10th for the latest report.

As always if you have any questions please schedule a call directly with me by clicking here!