This week's post is my latest Quarterly Mortgage Market Update. It focuses on the end of the world's four-decades old Debt Super Cycle and talks about why Canada is uniquely positioned to weather the deleverging period that we now find oursevles in. As usual, I also offer my view on where fixed and variable rates may be headed in the future.

In today's post, we run simulations to compare the cost of fixed and variable-rate mortgages under different interest-rate projections using current market rates.