The Flow: Real Estate and Money Show
Business:Investing
Canadian Mortgage Consumer Trends in 2024 - E35
Today’s episode of the Flow, Alex takes us on a deep analysis of the current Canadian real estate market, focusing specifically on CMHC's Mortgage Consumer Trends report for 2024. It discusses how the market environment, including government rule changes and tax guidelines, is influencing potential homebuyers and investors, and shares valuable statistics that could surprise many, from realtors to general consumers. Highlighting a shift in sentiment among homebuyers towards pessimism about their purchasing potential, the discussion delves into common sentiments of inaccessibility within the housing market, while effectively debunking myths and emphasizing the importance of mindset, planning, and strategy in overcoming these challenges. The script also offers commentary on a variety of relevant topics, such as the advantages of longer amortization periods, the rising trend of online mortgage shopping, the significance of gifts for down payments, and current fears of interest rate increases. Additionally, it addresses how misinformation and a lack of clear financial strategies are costly for many in the market, providing listeners with a clearer understanding of how to navigate these complex issues. The episode aims to educate and inform listeners, encouraging better financial decisions in real estate investments.
Alex McFadyen is a seasoned independent mortgage broker with over 11 years of experience in the industry. Alex is the owner and Mortgage Advisor of Flow Mortgage Co.
Alex’s Social Media: @themortgagepug
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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