It’s more expensive to have 2 yr mortgage vs 3 yr?

Unbelievable. Just unbelievable how these banks and government agencies continue to make sure that the home owners and their borrower clients get skimmed over and over.

Just like the financial institutions, their government regulatory agencies and the Canadian mortgage and housing corp made it easier for people to qualify for a variable mortgage instead of letting them have a fixed mortgage in the low 3% range instead of them being underwater with negative amortization on most cases.

They brag about giving their clients great financial advice while they do everything to make the bottom line as the deciding factor in every decision they make to the detriment of their clients.

Fiduciary responsibilities my foot. Now that the real estate market is tanking in Canada. Construction is slowing down big time. Buildings are being left incomplete. Buyers losing hundreds of thousands of dollars in deposits. A big furniture chain just went bankrupt. Lots of high rise buildings can’t proceed.

Don’t worry though. We have a black face clown with a famous last name who will fix it all.