Valueland's blog

What Is Collateral Mortgage?

The term of Collateral Charge has been heard by many of us today, yet many of us don’t quite understand it. It refers to how the mortgage is registered on title.

A mortgage, or charge in legal terms, can be registered on title as regular charge or collateral charge, depends on the lender’s instruction to the solicitor.

Bank of Canada maintains its overnight rate target at 1/2 per cent.

This morning, the Bank of Canada announced that its overnight rate target maintains at 1/2 per cent, and the current prime rate stays at 2.70%.