Michael Grabmuller, Home Financing Advisor

Wednesday's rate cut is welcome news for homeowners with variable rate , whose interest rates track changes in the central bank's policy rate

Bank of Canada cuts key rate to 4.5%, tees up additional easing with focus on downside risks theglobeandmail.com

So far, many homeowners have been able to weather the sharp rise in interest rates, with residential mortgage defaults remaining below 0.5 per cent across , the central bank said in its annual Financial Stability Report, published Thursday

Bank of Canada warns of steep jump in mortgage payments theglobeandmail.com

Overcoming Credit Hurdles in Real Estate Transactions canadianrealestatemagazine.ca

"We are proud to have been recognized for the fifth year in a row as Canada's Bank of the Year," said Scott Thomson, President and Chief Executive Officer at Scotiabank

Scotiabank awarded Bank of the Year in Canada for the fifth year in a row www.scotiabank.com