(Financial Post)

🔹 Shift in Trend: Up to 50% of mortgage applicants are now opting for variable rates, a big jump from just 14% last year.

🔹 Why the Change?
    Expected interest rate cuts
    Floating rates now match fixed rates
    Easier to qualify under the mortgage stress test
    Lower prepayment penalties

🔹 Expert Insight: Some experts suggest hybrid mortgages—mixing fixed and variable—to balance risk.

Should you switch? It depends on your financial stability and risk tolerance