A Large Percentage of People Are Choosing Variable Rates?

The safe and sound choice in today’s mortgage market is to lock down a rate for five years and let borrowing costs do what they may. 

I have found that many clients that I speak with are more conscious of, and ask about the variable rate options as well. Today the variable rate is over 1% below the fixed for a 5 year term  It's certainly an option to seriously consider. 

This article posted in the Globe and mail suggest the fixed rate option for first time home buyers but the variable for more seasoned mortgage holders... I think every situation can be different and it's always good to review all your options before you decide for yourself.  Here is the link to the Globe and Mail article if you want a little of their insight...

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