The Bank of Canada's move to hike its prime rate a quarter point this week means some Canadian homeowners will see their mortgage payments go up as early as this month.
Doug Jones is Chief Operating Officer for Access Credit Union.  He says the financial institution has increased its base rates a quarter per cent in line with the central bank. Jones says there has been some movement among into fixed rates, but nothing too alarming.

 

 

According to the Canadian Association of Accredited Mortgate Professionals, approximately three-in-10 mortgage holders have variable rate mortgages.