You need to know the pros and cons of fixed vs. variable mortgage rates because this will help you decide which mortgage type is the best answer for your mortgage need.
As you can see the only time period where variable rates are higher is the period of 1988 and 1989 where speculation and inflation ran very high and was the beginning of our last recession which lasted till 1992.
It is interesting to see how the Canadian Government started raising rates at the end of 1992 quite aggressively only to reverse their decision within a year. This may be where we are today only this time individuals had accumulated much more debt than back then which will lead to very slow growth going forward. Feel free to contact us for a free evaluation on how variable can benefit you even if it starts to rise.