Latest / The Flow: Real Estate and Money Show
Is Another Bank of Canada Rate Cut Incoming This Week? -E44
In this episode, Alex McFadyen discusses the upcoming Bank of Canada's (BOC) Overnight Rate decision (on July 23, 2024) and its potential effects on the Canadian housing market. He reviews the trends over the past months, the current state of mortgage applications, and forecasts potential outcomes if the BOC reduces rates again. By examining recent news articles and surveys, Alex gives a comprehensive overview of how interest rates and purchase prices influence homebuyer behavior. He also reflects on the broader economic indicators like inflation, unemployment, and wage growth while…
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