Cannect has been providing 5-star rated home financing solutions to Canadians and helping build equity for investors for over 5 years.
With offices in Toronto and the GTA, Cannect has served thousands of borrowers and investors from Toronto, the GTA, and across Canada.
https://cannect.ca
Notes:
0:00 - Marcus asks Justin if he takes the Fixed or Variable Rate right now. 1:20 – What are the three decisions behind choosing a Fixed or Variable rate mortgages? 3:00 – What are the risks involved with these different decisions? 5:00 – What factors impact the price to borrow? 5:45 – What might be an indicator for rising lending rates? 8:00 – How important are COVID stimulus packages to the Canadian economy? 9:15 – Why are the Fixed and Variable rates so close together right now? (Hotdogs & Hamburgers) 11:12 – What to do if you are currently buying a property. 12:00 – We are not out of the woods yet! What is in store for the future? 14:00 – What direction could rates be headed next? 15:05 – What to consider if taking a fixed rate. 15:57 – What is the penalty to break a mortgage? 17:42 – Marcus summarizes our conversation.