Fixed or variable? Which mortgage is best after rate cut?

A 'sold' sign in front of a home in the Midtown neighborhood of Toronto, Ont.

Ron Butler, mortgage broker at Butler Mortgage, talks with Financial Post’s Larysa Harapyn about what the

Bank of Canada

rate cut means for borrowers, and whether a

fixed or variable mortgage

is the better option.

• Email: lharapyn@postmedia.com