Why Variable Rates are Back in Fashion, for Some

New Modern Apartment Buildings in Vancouver BC on sunny day

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


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