Canadians Flooding the Market After Bank of Canada Rate Cut - E38

This episode of The Flow delves into the Bank of Canada's decision to cut the overnight interest rate by a quarter percent on June 5th, 2024 to 4.75%, its first rate cut since 2020. Alex McFadyen focuses on the immediate and potential long-term impacts of this rate cut on the real estate market, mortgage consumers, and the broader economy. Key points include the effects on adjustable and fixed-rate mortgages, home equity lines of credit, and market activity. Alex also anticipates future movements in fixed interest rates, property prices, and housing demand based on this recent change. ***** If the Bank of Canada’s decisions have you concerned, worried, or just want to see what other options are out there. Do not hesitate to get in touch with us at Flow Mortgage Co. through the website link below, our services generally come at no cost to you so it never hurts to have a discussion. 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. 💰 Thinking of buying a home in Canada, maybe even a second property? Get prepared FIRST with a FULLY UNDERWRITTEN Pre-Approval through our team at Flow. Make sure to visit our website (getflowmortgage.ca) or send us a DM! 🌊🌊🌊 🌐 For detailed insights and tailored advice for the Canadian market, don't forget to visit https://www.getflowmortgage.ca/. And, if this content lights a bulb for you, give us a like, share, and make sure you're subscribed to Flow Mortgage Co. 🌊🌊🌊 For daily content make sure to follow us on social media! 🌊 Flow Facebook/Instagram/Threads: @flowmortgageco 🐶 Alex's Facebook/Instagram/Threads: @themortgagepug