Latest / The Flow: Real Estate and Money Show
Bank of Canada Cuts Pushing Buyers Back Into Real Estate? -E45
In this episode, Alex McFadyen analyzes the recent decision on July 24, 2024 by the Bank of Canada to reduce interest rates by a quarter percent (0.25%), twice within the past two months. The discussion focuses on the implications of these cuts on the Canadian real estate market, including insights from various surveys and market reactions. Key points include how these rate cuts are affecting fixed and variable mortgage rates, the psychology behind buying decisions, and market projections for the remainder of 2024. The episode also explores broader economic factors such as immigration's…
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