Holding a rate while you shop, and when to lock a variable in.
A mortgage rate hold in Canada typically lasts 90 to 120 days from the date your pre-approval is issued. Some lenders extend holds to 130
In Canada, a mortgage rate lock (also called a rate hold) typically secures your quoted rate for 90 to 120 days while you shop or
This article is for informational purposes only and does not constitute financial advice. Rate figures are as of the Bank of Canada announcement of July
The Bank of Canada held its policy rate at 2.25% on March 18, 2026. Variable-rate borrowers should see no change this cycle. Fixed-rate borrowers are
A variable rate mortgage Canada is a type of mortgage where the interest rate fluctuates based on changes in the lender’s prime rate, which is
