An age old debate, but why?
If you are still wondering about fixed vs. variable – it’s pretty firmly all about the variable, even with the July 11, 2018 Bank of Canada 0.25% rate increase factored in. Click on the video for an explanation of the two bets one makes when opting for a fixed rate product, few people understand the second bet they are making. And this my friends is why the banks make 1B$ every 90 days and you and I do not.
Math is hard, life is busy, and contracts are confusing. And we pay the price (if we are not careful).
have a great day!