Alex McFadyen (The Mortgage Pug) delves into the Canadian real estate and lending markets' events in the first half of 2024 (January-June). Alex covers interest rate changes by the Bank of Canada, shifts in the bond market, and their impacts on fixed and variable rate mortgages. The discussion also includes the surge in property listings, trends among first-time homebuyers, and the challenges faced by sellers, particularly baby boomers. Additionally, the episode addresses new governmental policies like zoning bylaw changes, restrictions on short-term rentals, and capital gains tax adjustments. The script provides a forward look into market predictions for the second half of 2024 and early 2025, highlighting factors such as immigration, potential interest rate shifts, and anticipated market recovery.

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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