In this episode, Alex McFadyen analyzes the recent decision on July 24, 2024  by the Bank of Canada to reduce interest rates by a quarter percent (0.25%), twice within the past two months. The discussion focuses on the implications of these cuts on the Canadian real estate market, including insights from various surveys and market reactions. Key points include how these rate cuts are affecting fixed and variable mortgage rates, the psychology behind buying decisions, and market projections for the remainder of 2024. The episode also explores broader economic factors such as immigration's impact on GDP and the potential for a balanced real estate market in the near future.

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

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