Mortgage Blog
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Should you lock in your variable mortgage rate?
August 27, 2025 | Posted by: Angela Robinson
It’s now been over five months since the Bank of Canada’s last rate cut, and the market outlook has shifted. Earlier this summer, many expected multiple cuts before year-end — but with stubborn inflation, strong job growth, and bond yields at six-month highs, another cut isn’t guaranteed anytime soon.
If you hold a variable-rate mortgage, now might be the time to review your options:
???? Locking in might make sense if:
- Rate changes are straining your budget
- You can secure a fixed rate in the low 4% range
- You’re planning to stay in your home for the term
???? Riding the variable wave could work if:
- You can handle payment fluctuations
- You already have a great discount on prime
- Your mortgage balance is modest, or your term is short
With fixed rates starting to creep up, this could be a window to secure stability — but the right move depends on your situation.
???? Contact us today to review your mortgage and find the best fit for your financial goals.
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