36 Years

A lot can change over 36 years, I am thinking of this as it is the length of time between the first and second Top Gun movies. I was 17 at the time of the first one and saw it when I was living in Quebec City for french immersion back in 1986. Went to see the new one yesterday with my best man from my wedding 25 years ago.

Since 1986, there have been 9 different wars fought around the world from the Iran/Iraq conflict all the way up to the current war happening in Ukraine. The population of the word has increased over 60% from just over 4,9 billion in 1986 to over 7,9 billion in 2022. Yet still no Stanley Cup for the lowly Toronto Maple Leafs.

However in terms of personal finance, a 5 year fixed rate mortgage averaged 11.25% and a variable rate mortgage had a rate of 9.95% back in 1986. So as much as rates have been increasing over the past 4-5 months, it pales in comparison to where we were just 36 short years ago.

I look forward to hearing from you in regard to your mortgage needs.

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia Brokerage (2021-3000179) Broker (2021-3000180), Ontario(M18001555) & in British Columbia(BCFSA #504098).

p.s.s.s You can download my new mortgage app here