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Mortgages Rates Are About To Get TRIGGERED By The Bank Of Canada #shorts
If you are on a variable rate mortgage with a fixed payment in Canada, there is a good chance you are about to get triggered!
That is because the Bank of Canada has been increasing interest rates at a record pace and if you chose a fixed payment... soon, you will be paying off none of your principal and that means the bank will have no choice but to increase your payment soon!
#TriggerRate #VariableRateMortgage #MortgageCanada
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TOM STOREY
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STEVE KARRASCH
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The opinions expressed herein are solely that of Steve Karrasch PREC and Tom Storey, not Macdonald Realty, Royal LePage Signature, TREB or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Nor should any of this content be considered or used as financial advice. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.
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