You have a variable mortgage and you discover the Bank of Canada has changed the prime rate. How much does this change in the prime rate impact your variable mortgage?

Or maybe your contemplating getting a variable rate mortgage, but need to know how much risk you can take on based on how much a change in Canada’s prime rate could impact you.

Use my Prime Rate Change Calculator to find out.

My Prime Rate Change Calculator is designed to visually and numerically show how changes in Canada’s prime rate affect a variable-rate mortgage, using the same pricing mechanics lenders actually use.

At a high level, it allows borrowers, realtors, and advisors to stress-test real-world scenarios without needing spreadsheets or assumptions hidden in fine print.