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Alberta
Garth Lyon Senior Mortgage Professional

Garth Lyon

Senior Mortgage Professional


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103, 901-8 Avenue, Canmore, Alberta

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Popularity of variable-rate mortgages plummets to pre-pandemic levels

6/20/2023

THINK OUTSIDE THE BOX:  The popularity of variable-rate mortgages is continuing to fall and is now nearly at levels last seen prior to the pandemic in early 2020.  As of April, just 8% of new originations had a variable rate compared to 92% for fixed-rate mortgages, data from Statistics Canada reveals.  Click here to read more.

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