Is a Variable Rate Mortgage Your Best Move Now?

MAY 27, 202628 MIN
The Ottawa Real Estate Podcast

Is a Variable Rate Mortgage Your Best Move Now?

MAY 27, 202628 MIN

Description

The conversation around fixed versus variable rates just shifted and the buyers who catch this early are going to be in a very different position than the ones who do not.This week, we break down why variable rates are increasingly becoming the more cost effective option right now, what Ottawa's unique spring market dynamics mean for buyers and sellers this season, and why military relocations create a pattern in the Ottawa market that most people outside the region never think about.00:00 Introduction to the Spring Market01:40 Spring Market Update02:50 Military Relocations and Their Impact05:54 Understanding Days on Market and Pricing Strategies09:10 Shifts in Interest Rates: Fixed vs. Variable13:24 Renewal Conversations and Market Adjustments21:31 Unique Market Dynamics in Ottawa26:28 Positive Market Outlook and Personal Reflections27:01 Mood BoostsGet in touch with us!Paul Stevenson - Mortgage Agent Level 2CENTUM Financial Services LPEmail: [email protected]: 1-613-263-4543https://www.paulstevenson.caDavid Warren - Mortgage Agent Level 2Referral MortgagesEmail: [email protected]: 1-613-686-6003https://www.referralmortgages.comIf you have a question or topic you'd like to hear us discuss send us an email at: [email protected] or leave us a comment below!New Episodes of the podcast are available on Wednesdays at 10AM on all podcast services and at www.theottawarealestatepodcast.com Brought to you by Referral Mortgages, PaulStevenson.ca, Guertin/Poirier Avocates Lawyers, CENTUM, BIG - Billyard Insurance Group, Easy Neon Signs and A to Z Cleaning Expert.https://www.easyneonsigns.ca Use code TOREP and get 20% off all your orders. (This is an affiliate link).