How Do Global Events Effect Your Mortgage?

This week's episode examines the current geopolitical situations Canadians have been exposed to and how they may have an impact on mortgage rates. These events may have a huge impact, a marginal impact, or even no impact at all. Regardless of which you think it will be, these are the times Canadians should be re-evaluating their mortgage. You want to make sure the mortgage you currently have accurately reflects where you think interest rates will be going. Have a listen to the episode to get a better breakdown.

If you re-evaluate your mortgage and decide a change is necessary, give Cannect a call. We can get you locked into a fixed rate now if you are concerned several rate hikes are on the horizon. Or if you don't think rates are going anywhere for a while and you currently have a variable rate, we might be able to get you a larger discount on prime than you currently have. Maybe you don't want to think about your mortgage at all, in which case give us a call and we can evaluate it for you.

 

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0:00 - Intro
3:56 - How will the trucker protests impact mortgage rates?
6:24 - How will the Russia-Ukraine situation impact rates?
9:24 - When there are shifts in the geopolitical landscape like these, it’s a great time to re-evaluate your mortgage.
14:07 - Clip of Marcus from 11 years ago discussing how the unrest in Libya was impacting oil prices.
17:13 - The success of Cannect’s investment fund comes from the borrowers.
22:05 - Feedback from a client on how thankful she was for her experience with Cannect.
25:23 - Regardless whether you think borrowing will be easier or more difficult in the future, there are good options for you right now.