We've been locking into many of our variable rate mortgages because the rates are so incredible right now. I was offered 3.69% for a 4 year rate the other day at the TD.
While riding the variable is always a good way to increase the cashflow a property produces there comes a time when you have to determine how high your variable rate threshold is. Everyone is saying mortgage rates are going to start rising. If you can withstand that then keep going with the variable.
Rates like this remind me of the early 2000`s when we moved our investment focus from Winnipeg and Hamilton to Edmonton. With the lower prices and low interest rates it's a perfect time to purchase in Edmonton.
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