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Mortgage Renewal – Fixed or Variable Rate and How to Prepare

Mortgage Renewal – Fixed or Variable Rate and How to Prepare

by Derek Hundal | Jul 15, 2024 | Buying a Home

With over half of Canadian mortgages set to renew before the end of 2026, the recent reduction in the Bank of Canada’s key interest rate from 5.0% to 4.75% on June 5th has left many homeowners questioning whether to choose a fixed or variable rate upon renewal....

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