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16 Sep

Lock in or go Variable today


Posted by: Darick Battaglia

Don’ t lock in your rate.

The Variable rate mortgage is tied to prime and can still be had for as little as 2.55% whereas the five year fixed rate is at 3.59%

what is the risk?  The Bank of Canada’s key lending rate, which prime is tied to, hasn’t moved in three years and some economists maintain it won’t be moving until 2015.