Canadians Turning to Variable Mortgages: Variable V.S Fixed in Trade War

Описание: #canadianmortgagerates #canadianrealestate #VariableVFixed

Canadians' use of variable-rate mortgages is skyrocketing as the Bank of Canada cuts rates, despite the Financial Post warning that inflationary risks could cause rates to rebound. However, risks remain with fixed mortgage rates as well—mainly, soaring penalties.

Links:

Variable-rate mortgages continue to lure borrowers, despite the risks:

https://financialpost.com/real-estate...

Who's afraid of the big bad variable rate mortgage?:

https://financialpost.com/real-estate...

Breaking a mortgage can be costly as rates fall. How to lessen the penalty:

https://globalnews.ca/news/10830476/b...

TD Bank charges $30,000 mortgage penalty to woman forced to sell home due to pandemic:

https://www.cbc.ca/news/business/mort...

Mortgage Financing: Floating Your Way to Prosperity:

https://www.nesto.ca/wp-content/uploa...

Canada’s Most Misconstrued Mortgage Study:

https://www.ratespy.com/the-most-misc...

New Listings Jump to Start 2025 as Tariff Uncertainty Weighs on Sales:

https://creastats.crea.ca/en-CA/

Canada’s macroeconomic outlook: U.S. trade risks are derailing a recovery:

https://thoughtleadership.rbc.com/can...

Canadian Dollar/U.S. Dollar:

https://www.theglobeandmail.com/inves...

Interest Rates: Immediate Rates ( 24 Hours): Prime Rates: Total for Canada:

https://fred.stlouisfed.org/series/IR...

Canada's labour market at a standstill in February, with unemployment unchanged, few jobs added:

https://www.cbc.ca/news/business/labo...

Bank of Canada cuts interest rate to 2.75%, citing tariff turmoil:

https://financialpost.com/news/econom...

Canada 5 Year Government Bond:

https://www.marketwatch.com/investing...

Monetary aggregates:

https://www.bankofcanada.ca/rates/ind...

Consumer price index:

https://www.statcan.gc.ca/en/subjects...

Canadian dollar looks through Bank of Canada rate cut and tariff mayhem — for now:

https://financialpost.com/news/econom...

Canada faces a recession followed by 'long, long recovery' if 25% tariffs stick: Desjardins CEO:

https://financialpost.com/news/econom...

Bank of Canada could slash rate below 2% if 'madness continues': Benjamin Tal:

https://financialpost.com/news/econom...

Homebuyers, sellers feeling 'extra pressure' amid U.S. tariff uncertainty:

https://www.cbc.ca/news/canada/ottawa...

Tariffs leave households and bosses bracing for steeper inflation:

https://www.theglobeandmail.com/busin...

Trade war a ‘bucket of cold water’ on Toronto-area real estate market as February sales nosedive:

https://www.thestar.com/real-estate/t...

Mark Mitchell – Mortgage Broker London Ontario
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