Fixed or Variable Mortgage Rates in BC?

Fixed or floating mortgage rates?
Bank of Canada sticks to low interest rates - http://bit.ly/5UVLAQ
My advice: go with Variable rates on your primary residence & save $$ today, stick with fixed rates for your investment property and sleep easy:)
If the market/economy booms rates will go up, if it doesn't rates will stay the same, hedge your bets with a floating rate, or even split your mortgage 50/50: half fixed. half variable. It'll be nice one day to tell your kids when you bought a place with 2% mortgage rates!
As for your investment: any CEO will tell you fixing costs is optimal for making $$, so fix your costs, be your own CEO, find a property with a positive cash flow, sit back, and watch your equity grow!
Contact Stu Bell at stu@stubell.com or 604.562.0532 and get it straight.