With interest rates continuing to fluctuate across Canada, I've been seeing many borrowers opt for variable or shorter-term fixed-rate mortgages. This approach can offer flexibility, but it does mean households are taking on more of the mortgage risk themselves—rather than that risk falling on lenders or taxpayers. Having worked as a licensed mortgage broker since 2010 in both BC and Alberta, I've helped clients navigate these decisions, whether they're considering a first or second mortgage, refinancing, or exploring options like reverse mortgages or HELOCs. Every lending situation is unique, and my role is to match each client with the right lender—be it a big bank, credit union, or private lender—so their mortgage fits both their goals and comfort with risk. Navigating the current rate environment requires a clear understanding of your exposure and an expert who can help secure the lending solution that works for you.
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