The Bubble Wrapped Static Variable Rate Mortgage #shorts

Static Variable Rate Mortgage or Fixed Payment Variable Rate Mortgage...whatever you call it, this Canadian mortgage product is causing a world of pain for borrowers. It isn't, however, forcing these mortgage borrowers to sell the way a true variable rate mortgage with fluctuating payments might.

What do you think? Should this product be phased out by banks in the future?

In this week's episode, Steve Karrasch and Tom Storey speak with Toronto real estate agent and former professional hockey player Mike Ouzas.

Full length episode 👉 https://youtu.be/NI2kT-OjDfY

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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.