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Variable? Fixed? Static?: What's the right mortgage to choose in Canada as interest rates rise?

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The housing market in Canada continues to change — and when compared to just a few months ago or at the height of the pandemic, the buying frenzy appears to have subsided.

Home prices and activity seem to have cooled, with property staying on the market for longer and some homeowners choosing not to sell for the time being.

But as interest rates continue to rise, it's leaving some buyers unsure what is the best possible mortgage to go with. Anne Gaviola has more on the different mortgages — variable, static and fixed — and how buyers can navigate this challenging market.

For more info, please go to https://globalnews.ca/news/9056108/mortgages-variable-fixed-canada-housing-interest-rates/
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Category
U.S. & Canada
Tags
global news, Static Mortgages, Variable Mortgages
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