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Variable Mortgages Coming Back in Canada?

Published 2023-11-17, 07:45 a/m

I was shocked by this stat because nobody wanted Variable Rates, people hated them, cursed them, wished they didn’t exist: Variable Rates fell BELOW 2% of all new mortgages which is almost nothing.

But Variable is BACK, sales rose to 13% of new mortgages a 550% increase in just 6 weeks WHY? Looks like Bank of Canada is done hiking and rate cuts are coming so hello Variable.

This content was originally posted on the Angry Mortgage YouTube Channel

Latest comments

mortgage rate will be down at lease 2.5% in coming months. if not chances are BOC bankrupt
why would boc go bankrupt if they dont reduce?
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