February 1st 2021
All your friends are refinancing their mortgages. Should you?
By LowestRates.ca When the Bank of Canada cut interest rates three times in one month last year, LowestRates.ca saw an unprecedented increase in the number of Canadians using our mortgage quoter to refinance their homes. Our data revealed a 389% increase in refinancing mortgage quotes on LowestRates.ca in March 2020 compared to February 2020, and a 156% increase in March 2020 compared to March 2019.