fixed-vs-variable debate<\/a>, with continuing economic volatility this year already pushing many Canadians towards fixed-rate mortgages.<\/p>\n\u201cThere\u2019s always going to be a lot of predictions and forecasts but really no-one knows what\u2019s going to happen even next month, a couple of months from now, or next quarter,\u201d Victor Tran (pictured top), a mortgage agent with Tango Financial and RATESDOTCA housing and mortgage expert, told Canadian Mortgage Professional.<\/p>\n
\u201cBut certainly with the news circulating around the media stating that the Bank of Canada may be done dropping rates\u2026 and they\u2019re going to hold for a little while and things are going to start to increase again, that definitely worries a lot of Canadians shopping around for a mortgage. So they would be leaning towards fixed rates for that stability.\u201d<\/p>\n
Fixed-rate outlook gets another boost<\/p>\n
There\u2019s currently not much difference between one-to-five-year fixed rates and five-year variable rates, with both typically sitting in a range between the high threes and low fours.<\/p>\n","protected":false},"excerpt":{"rendered":"For the mortgage market, that\u2019s a signal that the central bank\u2019s rate-cutting cycle, which began in 2024 but…\n","protected":false},"author":2,"featured_media":278918,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[52,49,48,77828,44,19301],"class_list":["post-278917","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-bank-of-canada","tag-ca","tag-canada","tag-fixed-rates","tag-news","tag-rate-cuts"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/278917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=278917"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/278917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/278918"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=278917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=278917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=278917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}