FAQs

What is a variable-rate mortgage?

A variable-rate mortgage is a mortgage with an interest rate that changes as often as your lender’s prime rate changes, which may happen on a monthly basis. Variable rates tend to rise or fall based on the Bank of Canada’s target for the overnight rate.

Go back to FAQ
Find Your Customized Rate
Share Article


Copyright © 2020 MortgageRates.ca. All Rights Reserved

200 - 1965 Broad St – Regina, SK S4P 1Y1