Monthly payments on variable-rate mortgages could increase as borrowers near their 'trigger rate' - The Globe and Mail

As the Bank of Canada hikes interest rates, Canadians with variable-rate mortgages could see their monthly payments increase due to an obscure feature called the trigger rate

An obscure feature of variable-rate mortgages may push up the monthly payments for an increasing number of borrowers as the Bank of Canada aggressively hikes interest rates. Its called the trigger r… [+4733 chars]

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