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Friday, December 30, 2022

[New post] Canadian Real Estate Buyers Opt For Fixed Terms After Variable Shock

Site logo image Daniel Wong posted: " Overstimulated Canadian real estate buyers are no longer opting for variable rate mortgages. Bank of Canada (BoC) data shows mortgage borrowers preferred fixed rates in October. Most new borrowers had been opting for variable terms at the start of the ye" Better Dwelling

Canadian Real Estate Buyers Opt For Fixed Terms After Variable Shock

Daniel Wong

Dec 30

Overstimulated Canadian real estate buyers are no longer opting for variable rate mortgages. Bank of Canada (BoC) data shows mortgage borrowers preferred fixed rates in October. Most new borrowers had been opting for variable terms at the start of the year. That trend is rapidly shifting as rates normalize and fixed rates become cheaper. Canadian […]

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at December 30, 2022
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