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Carrick on money: Long live the variable-rate mortgage

A variable-rate mortgage entails a vulnerability to possible short-term rate increases by the Bank of Canada.

RAFAL GERSZAK/The Globe and Mail

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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