Looks like I was quoting variable rate figures, and not 5 year fixed interest rates, which were substantially higher than their variable counterparts (7.15% in

Looks like I was quoting variable rate figures, and not 5 year fixed interest rates, which were substantially higher than their variable counterparts (7.15% in 2008, 5.79% in 2009). Source: https://www.superbrokers.ca/tools/mortgage-rate-history https://www.superbrokers.ca/tools/mortgage-rate-history