First-Time Homebuyers Opting For Shorter Fixed Mortgage Rates

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First-Time Homebuyers Opting For Shorter Fixed Mortgage Rates

When it comes to choosing between a fixed or variable mortgage rate in Canada, the decision is never simple. The economic and political landscape has been uncertain in recent years, leading many first-time homebuyers to lean toward the relative stability of shorter-term fixed mortgage rates. While the choice ultimately depends on individual financial situations and risk tolerance, Ottawa-based mortgage broker Chris Allard from Smart Debt Mortgag…