@ronmortgageguy With a 50bps delta between a 3yr fixed and 3yr variable, what would you go with? Even if BoC raised twice then still even with 3yr fixed rate. Can’t imagine that happening given the state of Canadian market. Hikes will certainly send us into a recession.
@DrJStrategy As a Canadian renewing a mortgage in the next month my gut tells me to go 3yr variable. Fixed rates are terrible. Just don’t know if BoC is smart enough to look through the energy shock.