To give some perspective, I relied somewhat heavily on my broker. According to them, over time, variable rate mortgage holders end up paying less. I'll be very

To give some perspective, I relied somewhat heavily on my broker. According to them, over time, variable rate mortgage holders end up paying less. I'll be very interested to see how this fares as time goes on, so far we're paying a lot more per month. One factor for the decision was that as a first time home buyer, our ability to get favourable long-term rates was basically non-existent. I would expect that to change when it comes time for a renewal.