Times Colonist: Only half of mortgage applicants would choose a fixed-rate loan: poll

Of a group of 1,509 Canadians looking for a mortgage over the next year, 72 per cent correctly predicted that interest rates would climb over the next 12 months. However, only 54 per cent of respondents said they would choose a fixed-rate mortgage if taking out a mortgage today. The results are in stark contrast with the make-up of existing mortgages, with 77 per cent of homeowners polled saying they currently have a fixed-rate mortgage, with 23 per cent on a variable-rate loan. Still, the proportion of those who said they would choose a variable-rate mortgage today remained low, at just 19 per cent, with 26 per cent undecided on which would be the better choice. Read more...


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Mississauga Real Estate Board
3450 Ridgeway Dr #1
Mississauga, ON L5L 0A2, Canada
Phone: 905.608.6732
Fax: 905.608.9988