Fixed vs. Variable Rate Mortgages: What’s the Right Choice for You? When you're shopping for a mortgage, one of the decisions you'll face is whether to choose a fixed or variable (also known as adjustable) interest rate. Each comes with its own benefits, risks, and impact on your monthly payments and long-term financial goals. In … Continue reading Fixed VS Variable- Which is right for you?
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Why are interest rates increasing so rapidly? If you own a house or have been thinking about buying, rising interest rates is a hot topic. The 'interest rate' in question is the Bank of Canada's (BoC) policy interest rate, also known as the target overnight or benchmark interest rate. Changes in the BoC policy interest … Continue reading Why are the Bank of Canada Interest Rates Increasing?