How Often Do Variable Rates Change? The Bank of Canada can legally change its prime lending rate plus or minus, sixteen times a year. In reality, it normally only changes about once or twice, and is plus or minus .15% to .25% per annum. We can help a home owner in forecasting those rate changes to their advantage. Ask us how!
Do you have questions about variable rates in Guelph, Kitchener, Waterloo, Cambridge and surrounding areas?
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