Fix or Float? The Mortgage Dilemma is Heating Up!

As the Bank of Canada gears up for potential rate cuts, homeowners and buyers face the age-old question: to fix or to float?

Mark your calendars for key dates: June 12 and July 24. These could be game-changers for your mortgage strategy!

According to mortgage strategist Robert McLister, floating-rate mortgages might soon steal the spotlight. But is it worth the risk? With potential savings on the horizon, it's a hot topic for anyone with an adjustable-rate mortgage.

"Given variable discount improvements and the imminence of potential rate cuts, variables even project to outperform Canadians’ current favourite term, the 3-year fixed. You’re guaranteed to pay more for the first three years than a longer term, but being able to reset to a cheaper rate in 2027 can put you ahead of a five-year fixed, when averaged over a five-year span."

At Campbell Mortgages, we're here to help you navigate these uncertain times. Our experts can guide you through the pros and cons of fixed vs. floating rates, ensuring you make the best decision for your financial future.

Whether you're looking to refinance or secure a new mortgage, let Campbell Mortgages provide the personalized advice you need. Don't leave your biggest investment to chance—trust the professionals who care.