Edith Parinas

Canadians continue to choose fixed-rate mortgages more than any other option, even as interest rates fluctuate. This steady preference reflects a strong desire for financial predictability and peace of mind when managing household budgets. Fixed-rate mortgages offer a clear advantage: they lock in a set payment amount for the entire term, removing the uncertainty that comes with changing interest rates. For many homebuyers, this stability outweighs the potential savings that variable rates might

An Adjustable-Rate Mortgage is a type of loan where your monthly payments change based on movements in the prime interest rate. When the prime rate goes up, your payment increases. When it goes down, your payment decreases. This means your mortgage payments float with the market.

Viewing your credit score as just one piece of your financial puzzle changes how you approach homeownership. Instead of feeling stuck, you can take actionable steps to improve your overall profile. This mindset shift reduces fear and opens up possibilities.