{"id":3429,"date":"2024-11-04T07:04:40","date_gmt":"2024-11-04T12:04:40","guid":{"rendered":"https:\/\/preconstruction.info\/blog\/?p=3429"},"modified":"2024-11-04T07:06:22","modified_gmt":"2024-11-04T12:06:22","slug":"mortgage-renewal-fixed-vs-variable-rate","status":"publish","type":"post","link":"https:\/\/preconstruction.info\/blog\/mortgage-renewal-fixed-vs-variable-rate\/","title":{"rendered":"Fixed or Variable Rate? Here\u2019s How to Prepare for Your Mortgage Renewal"},"content":{"rendered":"<p>With over half of Canadian mortgages set to renew by the end of 2026, homeowners are beginning to rethink their mortgage options in light of recent economic developments. On June 5, 2024, the <a href=\"https:\/\/preconstruction.info\/blog\/interest-rate-cuts-canadian-home-sales\/\">Bank of Canada<\/a> lowered its key interest rate from 5.0% to 4.75%, a subtle shift that raised more questions than it answered for homeowners considering their <a href=\"https:\/\/preconstruction.info\/blog\/osfi-mortgage-stress-test-changes-2024\/\">mortgage renewal<\/a>. Now, the choice between fixed and variable rates has become even more complex.<\/p>\n<p>Understanding the options available, evaluating your personal circumstances, and anticipating <a href=\"https:\/\/preconstruction.info\/blog\/canadian-home-sales-drop-february-2025\/\">market trends<\/a> are essential steps in navigating Canada\u2019s changing mortgage landscape. Here, we\u2019ll delve into the pros and cons of each mortgage type, highlight strategies to manage the current market environment, and explore how consulting with a mortgage professional can help you make the best decision.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/preconstruction.info\/blog\/mortgage-renewal-fixed-vs-variable-rate\/#The_Current_Mortgage_Landscape_in_Canada\" >The Current Mortgage Landscape in Canada<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/preconstruction.info\/blog\/mortgage-renewal-fixed-vs-variable-rate\/#Fixed_vs_Variable_Rates_Key_Differences_and_Considerations\" >Fixed vs. Variable Rates: Key Differences and Considerations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/preconstruction.info\/blog\/mortgage-renewal-fixed-vs-variable-rate\/#Key_Economic_Indicators_Impacting_Mortgage_Rates\" >Key Economic Indicators Impacting Mortgage Rates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/preconstruction.info\/blog\/mortgage-renewal-fixed-vs-variable-rate\/#How_Variable_Rate_Structures_Impact_Payments\" >How Variable Rate Structures Impact Payments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/preconstruction.info\/blog\/mortgage-renewal-fixed-vs-variable-rate\/#Understanding_Your_Financial_Situation_and_Risk_Tolerance\" >Understanding Your Financial Situation and Risk Tolerance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/preconstruction.info\/blog\/mortgage-renewal-fixed-vs-variable-rate\/#Strategic_Options_for_Mortgage_Borrowers_in_2024_and_Beyond\" >Strategic Options for Mortgage Borrowers in 2024 and Beyond<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/preconstruction.info\/blog\/mortgage-renewal-fixed-vs-variable-rate\/#Consulting_a_Mortgage_Professional_Why_Its_Crucial\" >Consulting a Mortgage Professional: Why It\u2019s Crucial<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/preconstruction.info\/blog\/mortgage-renewal-fixed-vs-variable-rate\/#Long-Term_Financial_Strategy_for_Mortgage_Borrowers\" >Long-Term Financial Strategy for Mortgage Borrowers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/preconstruction.info\/blog\/mortgage-renewal-fixed-vs-variable-rate\/#Practical_Tips_to_Prepare_for_Your_Mortgage_Renewal\" >Practical Tips to Prepare for Your Mortgage Renewal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/preconstruction.info\/blog\/mortgage-renewal-fixed-vs-variable-rate\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"The_Current_Mortgage_Landscape_in_Canada\"><\/span>The Current Mortgage Landscape in Canada<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>1. A Shift in Market Trends<\/strong><\/p>\n<p>The recent shift by the Bank of Canada to lower its key rate marks the first such decrease in four years, signaling a response to changing economic conditions. While a minor drop, this <a href=\"https:\/\/preconstruction.info\/blog\/bank-of-canada-cuts-interest-rates-2024\/\">rate cut<\/a> has created new questions for homeowners nearing mortgage renewal, with many wondering whether rates will continue to fall and if that trend should influence their choice.<\/p>\n<p>As variable rates were traditionally lower during the peak of the pandemic, they became popular among Canadians looking to capitalize on low borrowing costs. However, in recent months, this trend has reversed, with variable rates now outpacing fixed rates in many cases. Presently, five-year variable <a href=\"https:\/\/preconstruction.info\/blog\/bank-of-canada-cuts-interest-rates-2024\/\">interest rates<\/a> are averaging around 6.7%, while five-year fixed rates are sitting at approximately 5.6%.<\/p>\n<p><strong>2. Who is Most Affected by the Changing Rates?<\/strong><\/p>\n<p>The current mortgage landscape primarily affects those who took out variable-rate mortgages during the low-rate period or those who need to renew within the next three years. Borrowers who locked in their rates during the historically low rates in 2021 may face a steep increase when their mortgage comes up for renewal. Understanding these dynamics is crucial, as it can help inform whether homeowners should stick with their original rate choice or consider switching strategies.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Fixed_vs_Variable_Rates_Key_Differences_and_Considerations\"><\/span>Fixed vs. Variable Rates: Key Differences and Considerations<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>1. Fixed-Rate Mortgages: Stability and Predictability<\/strong><\/p>\n<p>A <a href=\"https:\/\/preconstruction.info\/blog\/best-mortgage-rates-canada-december-2024\/\">fixed-rate mortgage<\/a> locks in an interest rate for the entire term, offering predictable monthly payments that remain unaffected by market fluctuations. Here are some key points to consider about fixed-rate mortgages:<\/p>\n<ul>\n<li><strong>Pros<\/strong>:\n<ul>\n<li><em>Stability<\/em>: With a fixed rate, your monthly mortgage payment remains the same throughout the term, which makes budgeting easier.<\/li>\n<li><em>Protection from Rate Increases<\/em>: If interest rates rise during your term, your rate remains locked, potentially saving you money.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Cons<\/strong>:\n<ul>\n<li><em>Typically Higher Initial Rates<\/em>: Fixed-rate mortgages tend to have higher initial interest rates than variable rates.<\/li>\n<li><em>Less Flexibility<\/em>: You\u2019re locked into a rate for the term, so if rates decrease significantly, you won\u2019t benefit unless you refinance (which often incurs penalties).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>2. Variable-Rate Mortgages: Flexibility with More Risk<\/strong><\/p>\n<p>Variable-rate mortgages fluctuate with the Bank of Canada\u2019s overnight rate, affecting how much interest borrowers pay each month. With the recent rate cut, variable rates might seem attractive, but they come with risks:<\/p>\n<ul>\n<li><strong>Pros<\/strong>:\n<ul>\n<li><em>Lower Initial Cost in a Falling Rate Environment<\/em>: If rates continue to decline, you could benefit from lower payments.<\/li>\n<li><em>Potential Savings<\/em>: Historically, variable rates have been lower than fixed rates, meaning potential savings over time.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Cons<\/strong>:\n<ul>\n<li><em>Exposure to Rising Rates<\/em>: If rates increase, monthly payments or the amortization period will rise, impacting your budget.<\/li>\n<li><em>Unpredictability<\/em>: Variable payments require a higher tolerance for financial risk, as they\u2019re subject to <a href=\"https:\/\/preconstruction.info\/blog\/bank-of-canada-rate-cut-housing-market\/\">market conditions<\/a>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Discover the latest trends in the\u00a0<a href=\"https:\/\/www.wedu.ca\/en\/toronto-on-real-estate\" target=\"_blank\" rel=\"noopener\">Toronto real estate market<\/a>\u00a0with Wedu, your trusted source for\u00a0<a href=\"https:\/\/www.wedu.ca\/en\/toronto-on-real-estate\" target=\"_blank\" rel=\"noopener\">Ontario MLS listings<\/a>\u00a0and expert property analysis. For comprehensive insights into the\u00a0<a href=\"https:\/\/preconstruction.info\/canada\/ontario\/toronto\">pre-construction market in Toronto<\/a>, check out Preconstruction Info to stay informed about new developments and investment opportunities. Enhance your property listings with\u00a0<a href=\"https:\/\/www.clickmediapro.ca\/\" target=\"_blank\" rel=\"noopener\">stunning real estate photography services in Toronto<\/a>\u00a0from\u00a0<a href=\"https:\/\/www.clickmediapro.ca\/\" target=\"_blank\" rel=\"noopener\">Click Media Pro<\/a>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Key_Economic_Indicators_Impacting_Mortgage_Rates\"><\/span>Key Economic Indicators Impacting Mortgage Rates<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>1. The Bank of Canada\u2019s Role<\/strong><\/p>\n<p>The Bank of Canada (BoC) sets the <a href=\"https:\/\/preconstruction.info\/blog\/bank-of-canada-holds-rate-amid-economic-uncertainty\/\">overnight lending rate<\/a>, which influences <a href=\"https:\/\/preconstruction.info\/blog\/toronto-home-prices-impact-falling-interest-rates\/\">mortgage rates<\/a> across the country. This rate is a major determinant for lenders when setting both fixed and variable mortgage rates. When the BoC raises its rate to control <a href=\"https:\/\/preconstruction.info\/blog\/november-2024-consumer-confidence-analysis\/\">inflation<\/a>, mortgage rates typically follow suit, leading to higher borrowing costs for homeowners.<\/p>\n<p><strong>2. The Impact of Inflation<\/strong><\/p>\n<p>As a primary factor in BoC\u2019s decisions, inflation plays a significant role in mortgage rates. Currently, Canada\u2019s inflation rate is being carefully monitored, with the potential for additional rate cuts by the end of 2024 if inflation remains controlled. For those nearing a mortgage renewal, understanding these trends can help anticipate potential rate changes.<\/p>\n<p><strong>3. <a href=\"https:\/\/preconstruction.info\/blog\/gta-real-estate-market-outlook-2025\/\">Market Predictions<\/a> for 2024 and <a href=\"https:\/\/preconstruction.info\/blog\/emerging-trends-in-canadian-real-estate-2025\/\">2025<\/a><\/strong><\/p>\n<p>Economists predict that the BoC may continue with rate cuts through 2024, barring significant inflationary pressure. This makes variable rates potentially attractive, but fixed rates can provide stability if there\u2019s concern about a future rate hike. Keeping an eye on these predictions can guide your renewal decision.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_Variable_Rate_Structures_Impact_Payments\"><\/span>How Variable Rate Structures Impact Payments<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>1. Two Types of Variable Rate Mortgages<\/strong><\/p>\n<ul>\n<li><strong>Standard Variable Payments<\/strong>: With a standard variable mortgage, your monthly payments adjust as rates fluctuate. When rates increase, you\u2019ll pay more each month, and when rates decrease, your payments go down.<\/li>\n<li><strong>Fixed-Payment Variable Mortgages<\/strong>: Here, the monthly payment amount remains constant, but the portion allocated to the principal changes. When rates increase, more of your payment goes to interest rather than principal, potentially extending your amortization period.<\/li>\n<\/ul>\n<p><strong>2. Assessing the Risks of Variable Rates<\/strong><\/p>\n<p>For those considering variable rates, the key question is risk tolerance. If you\u2019re comfortable with fluctuating payments and have a financial cushion to handle potential increases, a variable rate could save you money in a falling-rate environment. But if you prefer stability, a fixed rate might be more suitable.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Understanding_Your_Financial_Situation_and_Risk_Tolerance\"><\/span>Understanding Your Financial Situation and Risk Tolerance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>1. Assessing Your Financial Goals<\/strong><\/p>\n<p>Before deciding on a mortgage rate, evaluate your short- and medium-term financial goals. Are you planning to stay in your home long-term, or do you expect to move within a few years? A shorter-term fixed rate could offer stability without a long-term commitment if you\u2019re uncertain about your future.<\/p>\n<p><strong>2. Key Life Situations Affecting Your Choice<\/strong><\/p>\n<ul>\n<li><strong>Career Changes<\/strong>: If your income is uncertain or you anticipate changes, a fixed-rate mortgage can offer some stability in your monthly budget.<\/li>\n<li><strong>Upcoming Retirement<\/strong>: Older borrowers may prefer fixed rates to maintain predictable payments during retirement.<\/li>\n<li><strong>Income Volatility<\/strong>: For freelancers or those with variable income, a fixed-rate mortgage can offer peace of mind, as your payments won\u2019t rise unexpectedly.<\/li>\n<\/ul>\n<p><strong>3. Scenario Analysis<\/strong><\/p>\n<p>Consider different scenarios, such as rising rates vs. falling rates, and assess how each would impact your budget. For instance, if you\u2019re a young professional early in your career with high earning potential, you might opt for a variable rate to benefit from lower costs now, while those nearing retirement may prioritize stability.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Strategic_Options_for_Mortgage_Borrowers_in_2024_and_Beyond\"><\/span>Strategic Options for Mortgage Borrowers in 2024 and Beyond<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>1. Fixed-Rate Mortgage with a Shorter Term<\/strong><\/p>\n<p>Amid economic uncertainty, many borrowers are choosing fixed rates with shorter terms (1-3 years). This strategy allows them to lock in stability without committing to a rate long-term.<\/p>\n<ul>\n<li><strong>Benefits<\/strong>: A shorter term provides predictability, and at renewal, you can re-evaluate based on current rates.<\/li>\n<li><strong>Drawbacks<\/strong>: If rates rise significantly in the next few years, you may face higher rates when it\u2019s time to renew.<\/li>\n<\/ul>\n<p><strong>2. Hybrid-Rate Mortgage<\/strong><\/p>\n<p>A hybrid mortgage splits your loan between fixed and variable rates, offering a middle ground for those who want stability and potential savings.<\/p>\n<ul>\n<li><em>Example<\/em>: If you\u2019re uncertain about rate trends, a hybrid mortgage allows you to benefit from both stability (in the fixed portion) and potential savings (in the variable portion).<\/li>\n<\/ul>\n<p><strong>3. Convertible Mortgage Options<\/strong><\/p>\n<p>Convertible mortgages allow borrowers to switch from a variable to a fixed rate, or vice versa, before the term ends. This provides flexibility if market conditions change significantly.<\/p>\n<ul>\n<li><strong>Potential Pitfalls<\/strong>: Switching usually comes with fees or higher administrative costs, so weigh the pros and cons carefully.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Consulting_a_Mortgage_Professional_Why_Its_Crucial\"><\/span>Consulting a Mortgage Professional: Why It\u2019s Crucial<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>1. The Role of <a href=\"https:\/\/preconstruction.info\/blog\/best-mortgage-rates-canada-december-2024\/\">Mortgage Brokers<\/a> in Navigating Choices<\/strong><\/p>\n<p>Mortgage brokers can offer insights tailored to your financial situation, lender options, and interest rate trends. They may also provide alternative lending options or strategies you might not have considered.<\/p>\n<p><strong>2. Brokers and Rate Forecasts<\/strong><\/p>\n<p>Mortgage brokers often have access to tools that can help predict rate trends and create various financial scenarios. A mortgage professional can also help you understand prepayment privileges, penalties, and renewal options, ensuring you\u2019re making the most informed decision.<\/p>\n<p><strong>3. Selecting the Right Mortgage Professional<\/strong><\/p>\n<p>Look for mortgage brokers with experience in your specific region, such as <a href=\"https:\/\/preconstruction.info\/blog\/emerging-trends-in-canadian-real-estate-2025\/\">Toronto<\/a> or <a href=\"https:\/\/preconstruction.info\/blog\/emerging-trends-in-canadian-real-estate-2025\/\">Vancouver<\/a>, where <a href=\"https:\/\/preconstruction.info\/blog\/november-2024-consumer-confidence-analysis\/\">real estate<\/a> markets and rates may vary. Seek recommendations, read reviews, and ask about their approach to <a href=\"https:\/\/preconstruction.info\/blog\/mortgage-renewal-guide-2025-rates-strategies-trends\/\">mortgage planning<\/a>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Long-Term_Financial_Strategy_for_Mortgage_Borrowers\"><\/span>Long-Term Financial Strategy for Mortgage Borrowers<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>1. Building a Financial Cushion<\/strong><\/p>\n<p>Having an emergency fund is essential, particularly if you opt for a <a href=\"https:\/\/preconstruction.info\/blog\/best-mortgage-rates-canada-december-2024\/\">variable-rate mortgage<\/a>. This fund can provide security if rates increase or if you encounter unexpected financial challenges.<\/p>\n<p><strong>2. Adjusting Your Budget Annually<\/strong><\/p>\n<p>Revisit your budget every year and adjust it to reflect any changes in mortgage rates or financial goals. This will help you stay on track, even if market conditions shift.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Practical_Tips_to_Prepare_for_Your_Mortgage_Renewal\"><\/span>Practical Tips to Prepare for Your Mortgage Renewal<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>1. Consider Early Renewal Options<\/strong><\/p>\n<p>If interest rates are favorable, renewing early can lock in a good rate before your term ends. Many lenders allow early renewals without penalty within 120 days of term expiration.<\/p>\n<p><strong>2. Improving Your Credit Score<\/strong><\/p>\n<p>A strong credit score can qualify you for better rates. Check your score regularly and take steps to improve it, such as paying off high-interest debt, avoiding late payments, and reducing overall credit usage.<\/p>\n<p><strong>3. Negotiation Tactics<\/strong><\/p>\n<p>If you have a strong credit profile, leverage offers from other lenders during renewal negotiations. Switching lenders may also yield lower rates or better terms, depending on the competitive market.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Renewing a mortgage in Canada\u2019s current economic climate requires a balanced approach, considering both personal circumstances and market trends. While fixed rates provide security, variable rates offer flexibility that can lead to savings in a falling-rate environment. Consulting with a mortgage professional, reviewing your financial goals, and building a financial cushion are all key steps in preparing for a successful renewal. By following these guidelines, homeowners can make a decision that aligns with their financial goals and risk tolerance, setting a foundation for long-term financial success.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With over half of Canadian mortgages set to renew by the end of 2026, homeowners are beginning to rethink their mortgage options in light of recent economic developments. On June 5, 2024, the Bank of Canada lowered its key interest rate from 5.0% to 4.75%, a subtle shift that raised more questions than it answered &#8230; <a title=\"Fixed or Variable Rate? Here\u2019s How to Prepare for Your Mortgage Renewal\" class=\"read-more\" href=\"https:\/\/preconstruction.info\/blog\/mortgage-renewal-fixed-vs-variable-rate\/\" aria-label=\"Read more about Fixed or Variable Rate? Here\u2019s How to Prepare for Your Mortgage Renewal\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3430,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[507,510,444,508],"class_list":["post-3429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canada-real-estate-market","tag-fixed-rate-mortgage","tag-mortgage-advice","tag-mortgage-renewal","tag-variable-rate-mortgage"],"_links":{"self":[{"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/posts\/3429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/comments?post=3429"}],"version-history":[{"count":3,"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/posts\/3429\/revisions"}],"predecessor-version":[{"id":3433,"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/posts\/3429\/revisions\/3433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/media\/3430"}],"wp:attachment":[{"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/media?parent=3429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/categories?post=3429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/tags?post=3429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}