Here are the key features of a variable interest rate mortgage:

• The rate can change as the market fluctuates, over the course of your term.
  
• Your payments can change as the rate changes.
  
• You benefit from rate decreases in the market during your term, but you are exposed to rate increases.
  

Good to know:
You can choose a capped variable rate. Your rate will move with the markets but will never exceed a maximum threshold set in your contract.

Need advice?

• Discuss your project with one of our mortgage advisors. 
  
• Contact us to discuss your mortgage renewal.
  

Want to learn more?

• Discover the difference between fixed and variable rates.