10/27/2026
🏡 What would a 0.25% Bank of Canada rate increase mean for your mortgage payment?
Let’s break it down! 👇
On a $500,000 adjustable-rate mortgage with a 25-year amortization:
💰 At 3.70%: $2,549.42/month
💰 At 3.95%: $2,616.57/month
📈 That’s an increase of $67.15 per month
💡 Did you know? With an adjustable-rate mortgage, your payments typically move up or down when your lender’s prime rate changes. This is different from some variable-rate mortgages, where your regular payment may remain the same even when interest rates change.
Whether rates go up, down, or stay the same, understanding how your mortgage works is important!
Have questions about your mortgage or want to review your options? I’m always happy to help! 💙
Katie Latchford
Mortgage Agent, Level 1
Lic. M24002389
Mortgage Architects
Brokerage Licence #12728
📞 905-375-5958
📧 [email protected]
🌐 www.katielatchfordmortgages.ca
Disclaimer: For general educational and illustrative purposes only. Payment figures are based on a hypothetical $500,000 mortgage balance, 25-year amortization and the interest rates shown. Figures are estimates and may vary based on lender calculation methods, compounding, payment frequency, mortgage terms and remaining amortization. This example assumes the lender passes through the full 0.25 percentage-point increase. A Bank of Canada rate change does not guarantee an identical change to every lender’s mortgage rate. This is not a prediction or announcement of a rate increase, mortgage commitment or rate offer. Rates and terms are subject to change and lender approval. Individual circumstances vary.
