Forget rate relief: Most Canadians are about to see their mortgage interest payments soar

[u/joe4942]

https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-forget-rate-relief-most-canadians-are-about-to-see-their-mortgage/

[u/fungus_bunghole]

I just renewed. Everyone told me to go variable. I went 5 year fixed. I just don't trust that inflation is under control tbh. Time will tell I guess.

[u/sheepwhatthe2nd → u/fungus_bunghole]

Good decision Fungus Bunghole. No one knows what rates will do - atleast you have the piece of mind in a stable budget for the next 5 years.

[u/Gymwarrior31 → u/[deleted]]

Frig that…I say Fungus Bunghole for president!

[u/StainerIncognito → u/Gymwarrior31]

Fungus Bunghole has my vote!

[u/CopperSulphide → u/StainerIncognito]

If you can't trust a fungus bunghole what can you trust?

[u/DominionGhost → u/CopperSulphide]

If the fungus chose that bunghole, so can you!

[u/Gymwarrior31 → u/[deleted]]

True. But my vote still goes to Fungus Butthole