Any borrower who has chosen a variable rate in the last several decades has no doubt been happy with the results. Going back to 1950, variable rate financing has out-performed a fixed rate over 90% of the time, according to one popular study. While recent trends have finally led the Bank of Canada to begin raising short-term rates (in turn influencing Prime Rate), the prognosis for variable rates to remain on the historically low side is very good. Upshot? "VRMs" are always worth consideration.