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Sutton 1st West remains a trusted household brand that is 100% locally owned and operated. With our elite agents providing services across the Greater Vancouver Area, we are a genuine all-round brokerage, committed to supporting our valued clients from day one to well after completion. Our dedicated team of real estate professionals regularly oversees the buying and selling of premier residential and commercial properties, while our certified property managers help lend peace of mind to local and overseas homeowners.

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High stakes for homeowners: fixed or variable mortgage?

Choosing between a fixed-rate or variable-rate mortgage has always been a difficult decision, and with interest rates at unprecedented levels, the stakes are even higher. Variable-rate mortgages have become less popular as Bank of Canada's rate hikes increased the cost of loans linked to prime rates, but the cost of fixed-rate mortgages have also gone up. Depending on the terms of the loan, higher monthly payments or extending the amortization period may be necessary if interest rates go up. When making this decision, borrowers should consider the potential changes in interest rates by the Bank of Canada.

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