![Gap narrows between variable and fixed rate mortgages after Bank of Canada rate cut](https://img.easybranches.com/uploads/news/2024/07/gap-narrows-between-variable-and-fixed-rate-mortgages-after-bank-of-canada-rate-cut.jpg)
Following the Bank of Canada's latest rate slash, most lenders have trimmed their variable rates by a quarter point. This means the leading variable rates are now a mere 86 basis points above the lowest fixed rates — compared to more than 150 basis points in March. Read More
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