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The Bank of Canada is set to trigger up to 80,000 mortgages, according to RBC. But what exactly is the trigger rate and the trigger point for that matter? This video explains exactly what it means to hit the trigger rate.

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The presenter has taken great care in preparing this video, however makes no representations or warranties with respect to the accuracy or completeness of its content. The contents of this video should not be considered a substitute for professional financial advice. Please consult a financial professional before implementing any of the strategies described in this video. The presenter shall not be held liable for any loss of profit or any other financial damages, including but not limited to special, consequential, incidental, or other damages.