REMAX First

tammy forrest
Direct:1-403-464-8688
Fax:1-403-476-5317
RE/MAX First
8820 Blackfoot Trail SE #115
Calgary, AB
T2J 3J1 CA
Back to Blog

47 per cent think rates will remain the same in next 12 months

CALGARY — Almost half of Albertans would choose a fixed-rate mortgage over a variable rate, according to a new survey released Thursday by CIBC.

 

The poll, conducted by Harris/Decima, said 47 per cent of people in this province would select a fixed-rate mortgage if they were to acquire, refinance or renew a mortgage today with 26 per cent favouring a variable rate.

 

Nationally, 45 per cent of Canadians favour a fixed-rate mortgage and 26 per cent would prefer a variable rate.

The poll also revealed that 47 per cent of Albertans believe mortgage rates will be the same 12 months from now while 46 per cent of Canadians felt that way.

 

“Deciding between a fixed or variable rate mortgage is one of the most important decisions in finding a mortgage that is right for you,” said Colette Delaney, Executive Vice President of Mortgage, Lending, Insurance and Deposit Products, CIBC.

 

“Our poll suggests that some Canadians are growing accustomed to the low rates we are experiencing, however it’s important to take a long-term view when deciding which mortgage is right for you. You need to plan ahead for your next mortgage term and consider the impact to your budget if you renew at higher rates a few years down the road.”

 

mtoneguzzi@calgaryherald.com

Twitter.com/MTone123



Read more: http://www.calgaryherald.com/Albertans+favour+fixed+rate+mortgages/8095371/story.html#ixzz2NXXoGkNC

Comments

No comments

Post Your Comment:

*indicates required fields.
Your Name:*
Please note, your email will not be shown publicly
Your Email (will not be published):*
Comment:*
Please type the text as it appears above:
Data supplied by CREB®’s MLS ® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.