Welcome back to another installment of our “Finance Fridays”! This week, we delve into the Risk and Reward surrounding the media hype surrounding Variable Rate Mortgages (VRM) as they make a comeback among Home Buyers and mortgage renewals. We explore the disparity between Variable rate mortgages and True “Adjustable Rate Mortgages” (ARM), shedding light on what you should be mindful of if you are considering a variable rate in 2024. Additionally, we examine the expectations of both the media and economists leading up to the Bank of Canada (BoC) meeting on March 6th for its 2nd Rate announcement of the year and how these announcements could impact future Rate Cuts.

Furthermore, we analyze whether opting for a “fixed rate” Mortgage is a better choice than a variable rate, particularly when Bank of Canada rates are anticipated to decrease, and how the spread or gap in the rates may leave you vulnerable and potentially cost you more than anticipated.

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#FinanceFridays #VariableRateMortgages #MortgageRenewals #BankOfCanada #BoC #AdjustableRateMortgages #ARM #InterestRates #FinanceTips #MortgageAdvice #HomeBuying #RealEstate #EconomicOutlook #PersonalFinance #FinancialEducation #MoneyMatters #Investing #EconomicForecast #RateCuts #FixedVsVariable #riskmanagement

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