For variable rate terms, previously deep discounted rates have long gone since Bank of Canada cut down its overnight rate to near zero. So for the time being, we are not recommending the poorly discounted variable rate terms to our clients in most situations although we were still able to pull a few strings to get some of our renewal clients awesome discounted variable rate offers from their existing mortgage lenders. Should you like us to review your existing mortgages, please feel free to reach out to us. We can crunch some numbers and see if this is the right time for you to restructure your existing financing and shave down your payments .