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In the Wake of New Lending Rules, Variable-Rate Mortgages are Becoming More Popular in Canada
New mortgage rules have made it harder for Canadians to qualify for five-year fixed rate mortgages. Luckily, variable rates continue to offer more savings.
Read moreInterest Rates About To Spike? Think Again.
Bank of Canada to remain in neutral for at least the next few months, maybe more. Variable rates still the winner. Consider using a mortgage broker to access equity in your home to consolidate unsecured debts via a second mortgage.
Read moreTime to Convert to a Fixed Rate? See your Mortgage Broker
As borrowing costs seem poised to rise further, consulting a mortgage broker to find the best terms in converting a variable-rate to a five year fixed-term mortgage is likely to provide savings and peace of mind.
Read moreFollow the Leader to Lower Variable Rates
I’ve said it before and I’ll say it again; when one Canadian bank makes a mortgage move, the others will follow.
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