Comments on: Canadian Real Estate Buyers Opt For Fixed Terms After Variable Shock https://betterdwelling.com/canadian-real-estate-buyers-opt-for-fixed-terms-after-variable-shock/ Canada’s Fastest Growing Real Estate News Source Sun, 01 Jan 2023 19:06:50 +0000 hourly 1 By: Ramesh https://betterdwelling.com/canadian-real-estate-buyers-opt-for-fixed-terms-after-variable-shock/#comment-88012 Sat, 31 Dec 2022 02:09:55 +0000 https://betterdwelling.com/?p=22598#comment-88012 In reply to Omar.

This is exactly the reason many fell for variable rates.

]]> By: Omar https://betterdwelling.com/canadian-real-estate-buyers-opt-for-fixed-terms-after-variable-shock/#comment-88007 Fri, 30 Dec 2022 19:48:44 +0000 https://betterdwelling.com/?p=22598#comment-88007 Tiff is reckless and shouldn’t have communicated that rates wouldn’t rise. I know you’ve made this point many times, but it can’t be emphasized enough that’s not how central banks operate. They are supposed to respond to conditions, but Tiff (and even Poloz) are trying to create them.

]]> By: Craig https://betterdwelling.com/canadian-real-estate-buyers-opt-for-fixed-terms-after-variable-shock/#comment-88006 Fri, 30 Dec 2022 19:47:14 +0000 https://betterdwelling.com/?p=22598#comment-88006 In reply to Whiskey Foxtrot.

Idiots. We call these people idiots.

]]> By: Whiskey Foxtrot https://betterdwelling.com/canadian-real-estate-buyers-opt-for-fixed-terms-after-variable-shock/#comment-88005 Fri, 30 Dec 2022 19:46:45 +0000 https://betterdwelling.com/?p=22598#comment-88005 In reply to Mortgage Guy.

People betting the economy will collapse but home prices will remain unscathed?

]]> By: Trader Jim https://betterdwelling.com/canadian-real-estate-buyers-opt-for-fixed-terms-after-variable-shock/#comment-88004 Fri, 30 Dec 2022 19:45:29 +0000 https://betterdwelling.com/?p=22598#comment-88004 Salient point that should be touched on is the surge in variable rate mortgage debt related to investors? Most people on social media (Saretsky comes to mind) that were saying get a variable rate loan were real estate investors with extremely short term outlooks for these purchases.

]]> By: Mortgage Guy https://betterdwelling.com/canadian-real-estate-buyers-opt-for-fixed-terms-after-variable-shock/#comment-88003 Fri, 30 Dec 2022 19:43:21 +0000 https://betterdwelling.com/?p=22598#comment-88003 Who picked a variable rate mortgage loan when it was 1.5% and fixed rates were 4.5%? They would have to be nuts, since the odds are in favor of it rising A LOT.

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