Month: August 2017

Is It Time to Ditch Variable? What to Tell Borrowers in a Rising Rate Environment

By: Penelope Graham, Zoocasa As of July, Canada has been thrust into a rising rate environment – something that, as recently as two years ago, seemed unfathomable. In 2015, when the Bank of Canada slashed its overnight lending rate by half and lenders undercut each other in ultra-competitive discounting “rate wars”, the concept that mortgages… Read more »