Canadian Interest Rate Hikes, Oh My! Is it Time to Panic?
The rate environment is shifting under our feet and frankly, there is a generation of Canadians who aren't accustomed to increasing rates... at all.But should you lose sleep over your mortgage just yet? And should you 'lock in' to a fixed rate mortgage for fear of your monthly payments going through the roof?
Let's look at the reality of variable versus fixed rate mortgages before we get too worked up 😉