Fixed vs. variable rates

After two years of steadily rising mortgage rates, it appears stability is on the horizon for borrowers.The historic 10-part hiking cycle from the central – which brought the the Prime rate in Canada to 7.2% and variable rates to around 6% – now appears to be in the rearview, as inflation trends in the right direction.

This post was first published on October 3, 2022, and was updated on September 5, 2023. Interest rates have surged over the last year and a half; …

Homebuyers have been asking themselves for years whether or not they should go with a fixed- or a variable-rate mortgage. If history is any guide, the answer is clear: variable-rate mortgages have been cheaper. A 2001 … Read More

Sponsored by: Buying a home for the first time can be an interesting experience. You’ll likely spend many evenings and weekends scouting real estate listings in order to find the right place. It’ll probably also be … Read More

Wait, what? How is it September already!? Summer flew by for the Ratehub.ca team, as we were busy planning a move (our HQ is downtown now!), looking at Toronto real estate (some of us are new … Read More

Together, with friends at The Loop by Sympatico.ca, we decided that the most commonly misunderstood part of buying a home is the calculations that go along with it. As a result, Mortgage Math was planned and produced for … Read More