Fixed vs Variable:

If you are having trouble deciding between today's low fixed interest rates and a variable mortgage, this may be a solution for you.

It's called the 50/50 Wise Mortgage and it is designed to take advantage of both the fixed rate mortgage as well as the low variable rate mortgage.

50% of your mortgage would be in a variable mortgage allowing you to take advantage of the traditionally lower variable rate products.  This portion's interest rate will fluctuate according to the Bank of Canada's prime interest rate.

50% of your mortgage would be locked in to a 5 year fixed mortgage at today's low interest rates allowing you the security of having a low rate for 5 years.

The combined rate on this product today is 3.19% (oac and subject to change)