One on one chat with Mississauga’s real estate mogul Sam McDadi about variable mortgages, interest rates, etc.

Published December 21, 2022 at 4:56 pm

One-on-one chat with Khaled Iwamura and real estate mogul, Sam McDadi, owner of the largest real estate brokerage in Mississauga.

Questions:

7 interest hikes over the last 10 months…How does one with a variable mortgage handle this?

Will interest rates still go down?

In 5 years are you still going to win by going variable or should people go fixed now?

Will we ever see interest rates be as low as it was in 2021?

Is this a responsible way for the Bank of Canada to get a handle on inflation?

Where do you see the real estate industry going in 2023?

Amortization periods should be spread out more to 35+ years.