Shift to variable, shorter-term mortgages raises borrowers’ rate exposure: CMHC

More than 85% of new uninsured mortgages carried either a variable rate or a fixed term of less than five years in the first quarter, increasing borrowers' exposure to future rate changes.

Shift to variable, shorter-term mortgages raises borrowers’ rate exposure: CMHC

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More than 85% of new uninsured mortgages carried either a variable rate or a fixed term of less than five years in the first quarter, increasing borrowers' exposure to future rate changes.

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More than 85% of new uninsured mortgages carried either a variable rate or a fixed term of less than five years in the first quarter, increasing borrowers' exposure to future rate changes.

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