'Forever mortgage' warning: Canada's financial watchdog cautions banks over use of fixed-payment variable loans

Fixed vs. variable is not a forecast — it's a fit question. Toronto Star called me about this one. The honest framing I give every client: if a worst-case payment shock would force a sale or a missed bill, you can't afford the savings of variable. If you can absorb it, variable historically wins. Match the product to the life, not the market.