this post was submitted on 26 Aug 2026
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[โ€“] rabber@lemmy.ca 0 points 2 days ago (1 children)

I'm on floating mortgage so I don't think I'm affected - floating just follows the prime interest rate of the BoC + 1.5% or something

Gambling to go with floating but to me its a no brainer that rates will get cheaper

[โ€“] mossberg590@lemmy.world 0 points 2 days ago

There are many options that make the whole thing more complicated. For demonstration a 30 year fixed is easiest.