What do you think about the future of prime rate in Canada?

Question

Do you think it will go up by the next year or down? I am going to get a mortgage and I am just thinking if it is better to get a 3 years fixed rate or a Variable rate.

Answer 1

From the numbers I see, I expect CA rates to increase at least 1/2 % within the next year. Rates are low now. Get a fixed rate loan, not variable