The latter half of 2023 delivered a surprise to our office as we started receiving more requests for variable rate mortgages. 2023 was a year of concern, with rates increasing at such a rapid pace, and most who had variable rate mortgages decided to stay the course after weighing their options.
The reasons many are staying the course or choosing a variable rate include:
- Economic indicators pointing toward the Canadian market being at the top of the rate cycle
- Retaining deep discounts for those who currently have a variable rate mortgage
- Staying the course for those who stand by the investment strategy of variable always outperforming fixed
To determine if a variable rate strategy is the best fit for you, please book an appointment with Paul to learn more by clicking here.