In this special preview episode, Alex McFadyen discusses the upcoming Bank of Canada's (BOC) rate announcement on June 5, 2024, and its potential impact on the Canadian real estate market, especially for those with variable rate mortgages. With economists previously predicting more rate cuts earlier in the year, there's now a higher probability of an imminent but gradual rate drop. We explore why this is the case and delve into other significant news affecting the mortgage market, including recent comments from Justin Trudeau about the critical role of housing in Canadians' retirement plans. Tune in for an in-depth analysis of these issues and their implications for real estate owners, buyers, investors, and sellers.

*****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

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

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