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Tony Alexis
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  • Rental Property Investor
  • Edmonton, AB
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Interest rates n Alberta Canada

Tony Alexis
Pro Member
  • Rental Property Investor
  • Edmonton, AB
Posted Jan 29 2023, 19:58

Does anyone have any advice on mortgage renewals…should I get a fixed, or variable?

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Theresa Harris
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#2 General Landlording & Rental Properties Contributor
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Theresa Harris
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#2 General Landlording & Rental Properties Contributor
Replied Jan 29 2023, 20:32

The Bank of Canada said they are holding off on more rate hikes for now.  You could do a 2 year fixed rate renewal and see where they are at in 2 years.  They might go down a bit by then.

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Tony Alexis
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  • Rental Property Investor
  • Edmonton, AB
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Tony Alexis
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  • Rental Property Investor
  • Edmonton, AB
Replied Jan 29 2023, 20:38

Thank you 

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Jon Martin
  • New to Real Estate
  • Calgary, Alberta
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Jon Martin
  • New to Real Estate
  • Calgary, Alberta
Replied Jan 30 2023, 21:29
Quote from @Theresa Harris:

The Bank of Canada said they are holding off on more rate hikes for now.  You could do a 2 year fixed rate renewal and see where they are at in 2 years.  They might go down a bit by then.

Agreeing with @Theresa Harris on this one ☝️ 

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Tony Alexis
Pro Member
  • Rental Property Investor
  • Edmonton, AB
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Tony Alexis
Pro Member
  • Rental Property Investor
  • Edmonton, AB
Replied Jan 31 2023, 05:35

Thank you