Money Monitor: Should you switch to a fixed-rate mortgage?

Money Monitor: Should you switch to a fixed-rate mortgage?

BMO’s Omar Abouzaher outlines the pros and cons of both types of mortgages

With the Bank of Canada raising its key interest rate over the past year, homeowners with variable-rate mortgages may be thinking of switching to a fixed rate. BMO’s Omar Abouzaher outlines the pros and cons of both types of mortgages.

The Canadian Press