Fixed- or Variable-Rate Mortgage? Right Now It’s No Contest
With the Bank of Canada keeping its policy low last week and until 2023, the fixed vs. variable debate is an unusually one-sided one right now. Last Wednesday the Bank of Canada (BoC) announced that it would keep its policy rate at 0.25%, as was universally expected.
Original Article Source Credits: movesmartly, https://www.movesmartly.com
Article Written By: David Larock
Original Article Posted on: November 3, 2020
Link to Original Article: https://www.movesmartly.com/articles/fixed-or-variable-rate-mortgage-right-now-its-no-contest