Canadian Mortgage Rates

[Chinyere O.]

For investors in Canada, I am wondering, how is everyone handling the mortgage interest rates? I have been offered a variable rate (3.65%) but with the expected increase in rates coming up, I am wondering if I should lock into a 3 year fixed at 4.59%.

I'd be interested in thoughts on how high the BoC rates could go. There's been lots of talk they will go up to 3% or even higher by the end of 2022. What would variable rates look like then?