Variable-Rate Mortgages Best Option Right Now

Variable-Rate Mortgages Best Option Right Now

More and more Canadians have been choosing variable rate mortgages in the last few months. It is more cost effective, and given current interest rate projections, is the better choice. With a rather large spread between fixed and variable rates and less and less pressure for rates to increase further we believe most borrowers are better served with a variable interest rate mortgage.

Prime Rate Increase in July Less Likely

Prime Rate Increase in July Less Likely

Despite the previous common consensus, it appears The Bank of Canada is NOT as likely to increase their prime rate of interest in July as previously expected. It appears that those responsible for “looking into the future” may have been a little overconfident. Moving...