For anyone picking a mortgage term based on market-projected forward rates and today's best offers *, floating looks about as appealing as a tax audit. The implied upside (i.e., the probability of maximizing savings with a variable) is too limited. As students of interest rates are aware, however,

OSFI Superintendent Peter Routledge hinted once again that Canada’s banking watchdog might fiddle with or outright ditch the mortgage stress test. He argued that the newer loan-to-income (LTI) limit is better suited to its mandate, "which is to supervise financial institutions, not individual Canadians." 💡The government'

Much of the 58 bps burst in 5-year GoC yields since April 4 is "being driven by increasing term premiums," according to a new Desjardins report by rates strategist Royce Mendes.