Money Monitor: Should you switch to a fixed-rate mortgage?

BMO’s Omar Abouzaher outlines the pros and cons of both types of mortgages

With the Bank of Canada raising its key interest rate over the past year, homeowners with variable-rate mortgages may be thinking of switching to a fixed rate. BMO’s Omar Abouzaher outlines the pros and cons of both types of mortgages.

The Canadian Press

Just Posted

Gwaii Haanas celebrates new Land-Sea-People plan

Forty per cent of Gwaii Haanas marine areas protected under new, integrated plan

Kitimat arena closed until further notice due to chilling system malfunction

Saturday night’s Terrace River Kings and Kitimat Ice Demons game was cancelled as a result

Northwest Regional Airport traffic increases

LNG announcement has sparked interest

Study being conducted on proposed railyard

Facility could offload up to 60 rail cars of propane daily

Police aim to prevent retaliation after Hells Angel found dead under B.C. bridge

IHIT confirms Chad Wilson, 43, was the victim of a ‘targeted’ homicide

B.C. model looks a lot like expanded taxi industry, ride-hailing group says

Ridesharing Now for BC says it had hoped the bill would be more customer-driven like in other cities

Otter makes a snack out of koi fish in Vancouver Chinese garden

Staff say the otter has eaten at least five fish

731,000 Canadians going into debt to buy prescription drugs: UBC

Millennials and those without private coverage were more likely to borrow money

Pot users, investors need to be vigilant at Canada-U.S. border

U.S. authorities say anyone who admits to having used pot before it became legal could be barred

Shirtless stranger loomed over couch and started stabbing, bloody B.C. murder trial hears

Colin John pleads not guilty as trial opens in 2016 Chemainus murder case

ICBC warns shoppers of the high-accident season at mall parking lots

Over 150,000 accidents happened during the holiday season last year

No deal in sight: Canada Post warns of delivery delays into January

Union holds fifth week of rotating strikes as both sides remain apart on contract negotiations

COLUMN: Higher interest rates will slow B.C. economy after ‘unusually robust’ show

Jock Finlayson is executive vice president and chief policy officer of the Business Council of BC

Most Read