What will the next BOC hike mean for homeowners?

Vancouver, Toronto, Calgary

2022/08/12

Rising interest rates have generated significant levels of uncertainty among Canadians. The BOC’s next rate announcement on September 7 is expected to result in another sizeable hike. The so-called "trigger rate" could be looming for many borrowers. That trigger is the point at which a fixed monthly payment on a variable rate can increase.