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Fixed Rate and Variable Rate Mortgages: Which is Better?

By Kevin

Chart of the interest saved over 5 years for the first 5 years of a 25 year amortization by selecting a variable rate instead of a fixed rate.

With the recent “scary news” coming from economists and the Bank of Canada, it appears that interest rates will start going up this summer. Indeed, as I showed in Interest Rate Mania: Where is the Housing Market Going?, interest rates are at historical lows and it wouldn’t be prudent to expect them to stay this… [Read More]

Filed Under: Market Analysis, Real Estate, Saving Your Money Tagged With: home ownership, housing bubble, inflation, interest rates, mortgages

Interest Rate Mania: Where is the Housing Market Going?

By Kevin

Housing Prices and Income in Canada, 2010

Lately, there’s been increasing interest on where interest rates are going (no pun intended), especially as the housing market in Canada has been running hot, with many projects available and many renters looking to buy. Until recently, the ongoing consensus was that the recovery was still fragile, inflation was somewhere far in the future, and… [Read More]

Filed Under: Investing, Market Analysis, Opinion, Real Estate Tagged With: Canada, finance, home ownership, housing bubble, inflation, interest rates, mortgages, planning, renting

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Invest It Wisely is about evaluating the choices that each of us face everyday. It’s about investing your time, your money, and your energy wisely, in order to achieve your goals. The end goal is maximizing your life expectation, and exploring the ways to get there.

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