The decision on debt: What’s the right mortgage?

Tue, Jul 10, 2012

Vancouver Real Estate

For some weeks now, Bank of Canada governor Mark Carney, Finance Minister Jim Flaherty and most of the major Canadian banks have been warning that the record low interest rates of the past several years are over, and that a hike - perhaps even several - is on the horizon. At the same time, the banks have been offering truly incredible deals on longterm fixed rate mortgages, some of them barely higher than prime.

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