OTTAWA — Homeowners with variable rate mortgages losing sleep over the increased chatter about a potential interest rate hike by the Bank of Canada should consider locking their rates in now, mortgage experts say.

James Laird, co-founder of interest rate-comparison website RateHub, says in order to stick with the variable option you need to be able to handle fluctuating rates.

"Rates might go up much faster than anyone is expecting and so if you're right on the border of being able to afford your mortgage payment and you're able to lock in an affordable payment for five years, you should definitely do that," Laird said.

https://ca.yahoo.com/finance/news/sweating-possible-rate-hike-lock-080005751.html