Is a Variable Rate Mortgage Your Best Move Now?

Is a Variable Rate Mortgage Your Best Move Now? 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 Market 01:40 Spring Market Update 02:50 Military Relocations and Their Impact 05:54 Understanding Days on Market and Pricing Strategies 09:10 Shifts in Interest Rates: Fixed vs. Variable 13:24 Renewal Conversations and Market Adjustments 21:31 Unique Market Dynamics in Ottawa 26:28 Positive Market Outlook and Personal Reflections 27:01 Mood Boosts Don’t Miss Out! Hit LIKE, SUBSCRIBE, and drop a COMMENT with your thoughts on where the market is heading! Get in touch with us! *Paul Stevenson* - Mortgage Agent Level 2 CENTUM Financial Services LP Email: paul@paulstevenson.ca Phone: 1-613-263-4543 https://www.paulstevenson.ca *David Warren* - Mortgage Agent Level 2 Referral Mortgages Email: david@referralmortgages.com Phone: 1-613-686-6003 https://www.referralmortgages.com If you have a question or topic you'd like to hear us discuss send us an email at: theottawarealestatepodcast@gmail.com or leave us a comment below! Buy Martini Madness Tickets: https://martini-madness.ca 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 and A to Z Cleaning Expert. https://www.referralmortgages.com/ https://paulstevenson.ca/ https://guertinpoirierlaw.ca/ https://www.centum.ca/ https://www.thebig.ca/ https://www.atozcleaningexpert.com  https://www.easyneonsigns.ca Use code TOREP and get 20% off all your orders. (This is an affiliate link).