Quote:
Originally Posted by Weitz
Assuming you went 5 years just hold on for a year and likely heading down. At least that’s how banks have them priced from what I see. Also looked in my crystal ball…
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I went three years, the penalty costs are also lower with a variable; I also don't like committing long term to mortgages in case my employment situation changes (let go, maybe take an opportunity in another country, etc.). While the rate increases from the BoC were more numerous than I anticipated, I'm still hoping that variable wins out in the end (as all the research at the time indicated)...