Leah Zlatkin quoted in the Toronto Star: ‘No break for borrowers onvariable-rate mortgages, but fixed rates have eased’

Currently, the lowest available three-year fixed rates for insured mortgages are
around 3.99 per cent, while five-year fixed rates are available from around 4.09 per
cent to 4.14 per cent, said Leah Zlatkin, licensed mortgage broker and
COO of Mortgage Outlet.

Five-year variable rates “remain competitive,” Zlatkin added, with insured options
available from around 3.55 per cent, and uninsured variable rates starting around
3.85 per cent.

“For homeowners renewing from lower pandemic-era rates, however, those rates
can still translate into higher monthly payments, making it important to compare
options several months before renewal rather than trying to time the market
perfectly,” she said.