Latest / The Flow: Real Estate and Money Show
What Will Happen When The BoC Drops Rates? - E37
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…
The skinny
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