Latest / The Flow: Real Estate and Money Show
Will Bank of Canada Fire Up the Market for 2025? -E64
In this episode, host Alex McFadyen of Flow Mortgage Co. discusses the highly anticipated Bank of Canada (BOC) rate announcement, its impact on the housing market, and the mixed reactions of various stakeholders. He delves into the recent Canadian job report, highlighting a spike in unemployment and its implications for the BOC's decision to potentially cut interest rates. McFadyen also examines the introduction of new insured mortgage rules effective December 15, including the 30-year amortization update, and their potential influence on the real estate market. Lastly, he touches on changes…
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