Are variable mortgages worth it if lenders don't follow BoC

Globe and Mail

MCLISTER - People choose variable-rate mortgages in hopes that rates will drop, or at least stay flat.  For every time the Bank of Canada cuts its key interest rate by one-quarter of a percentage point, those with variables save about $245 a year on every $100 000 of mortgage

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Michael James

Michael James

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CENTURY 21 Capital Realty Inc., Brokerage*
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