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User Stats

6
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1
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Tony Alexis
  • Rental Property Investor
  • Edmonton, AB
1
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6
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Interest rates n Alberta Canada

Tony Alexis
  • Rental Property Investor
  • Edmonton, AB
Posted

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

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Theresa Harris
#3 Managing Your Property Contributor
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Theresa Harris
#3 Managing Your Property Contributor
Replied

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.

  • Theresa Harris
  • User Stats

    6
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    1
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    Tony Alexis
    • Rental Property Investor
    • Edmonton, AB
    1
    Votes |
    6
    Posts
    Tony Alexis
    • Rental Property Investor
    • Edmonton, AB
    Replied

    Thank you 

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    20
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    Jon Martin
    • New to Real Estate
    • Calgary, Alberta
    2
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    20
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    Jon Martin
    • New to Real Estate
    • Calgary, Alberta
    Replied
    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 ☝️ 

    User Stats

    6
    Posts
    1
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    Tony Alexis
    • Rental Property Investor
    • Edmonton, AB
    1
    Votes |
    6
    Posts
    Tony Alexis
    • Rental Property Investor
    • Edmonton, AB
    Replied

    Thank you