Fixed vs Variable Mortgages

  • Questions:


    1. Conservative Balanced Risk Tolerant

    2. Yes No

    3. Yes No

    4. Yes No

    5. Less than 10% Less than 20% More than 20%

    6. Want the lowest possible payment and rate
      I know that historically the VRM has been the best option
      I have always taken a Fixed Rate Mortgage but would like to try the VRM
      Other
    BOC Prime Rate
    2.70%
    Line of Credit
    3.20% (P+.50%)
    VRM P-.45%*/P-.55%**
    1 Year
    2.29%
    2 Year
    2.24%
    3 Year 2.34%
    4 Year
    2.54%
    5 Year
    2.69%*/2.54%**
    7 Year
    3.44%
    10 Year
    3.84%
    Rates as of December 29th, 2015.
    *Conditions may apply.**Restricted Mortgage.