Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - *Updated* Ongoing Bank of Canada Benchmark Rate Announcements

Sliver · 12-13-2022, 05:08 PM

I don't get where we're supposed to have sympathy, though. Like, if below 2% wasn't low enough for people to lock in, then fata 'em. That's just gambling. Like, giant risk of rates going up and no real opportunity to go much lower, why would people opt for a variable rate? I don't get the logic.

12-13-2022, 05:08 PM	#778
Sliver evil of fart Join Date: Sep 2009 Exp:	I don't get where we're supposed to have sympathy, though. Like, if below 2% wasn't low enough for people to lock in, then fata 'em. That's just gambling. Like, giant risk of rates going up and no real opportunity to go much lower, why would people opt for a variable rate? I don't get the logic.