One of the biggest discussion topic these days is Interest Rates and which one is better for medium to long term. In 2022, financial experts have been homing in on mortgage rates. Market analysts believe the Bank of Canada (BoC) will raise interest rates. The debate among housing observers, economists and investors is by how much. And with all this talk of fixed vs variable rate mortgages, what is the difference between the two products anyway? Let’s explore. With Canada’s inflation rate the highest it has been since 1991, some anticipate the central bank will be aggressive on rate hikes, while others believe…

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