Join Alex McFadyen, Mortgage Broker and Owner of Flow Mortgage Co., as he delves into the bombshell announcement last week from the Bank of Canada. In this episode, Alex discusses the recent Bank of Canada rate cut on October 23, 2024, and its implications for the economy and housing market. He evaluates future predictions, including potential further rate cuts by December and the effects on borrowers with adjustable-rate mortgages. Alex also provides insights into the Fraser Valley real estate statistics, highlighting negotiation opportunities and market dynamics. Additionally, he covers upcoming changes in mortgage rules by CMHC in 2025 and their anticipated impact. This episode offers a comprehensive analysis of bond yields, fixed versus variable mortgage rates, and strategic mortgage decisions amid fluctuating rates, helping listeners prepare for upcoming financial shifts.

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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https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course

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