static payment variable rates

Fixed-payment variable rate mortgages a “dangerous product,” says OSFI

November 2, 2023 1 Comment

Canada’s banking regulator said Thursday it views fixed-payment variable-rate mortgages as a “dangerous product” that puts certain borrowers at increased risk of default.

OSFI seeks to address “problem” of fixed-payment variable-rate mortgages

September 7, 2023 1 Comment

It’s no secret that Canada’s banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that point during a speech today.

Examining trigger rates - Bank of Canada report

50% of variable-rate mortgage holders have reached their trigger rate: BoC

November 22, 2022 No Comments

Roughly half of all mortgage holders with static-payment variable-rate mortgages have already reached their trigger rate, according to a new report from the Bank of Canada.

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static payment variable rates

Fixed-payment variable rate mortgages a “dangerous product,” says OSFI

OSFI seeks to address “problem” of fixed-payment variable-rate mortgages

50% of variable-rate mortgage holders have reached their trigger rate: BoC

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