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Patrick Maheux is team manager and mortgage broker at Multi-Prêt Hypothèque.
PHOTO : Radio-Canada / Anne-Sophie Roy

The Bank of Canada once again raised its key rate to counter galloping inflation, which is very bad news for holders of variable-rate mortgages.

Should we opt for a fixed rate? Is it recommended to extend the amortization of your loan? Mortgage broker Patrick Maheux answers our questions.