Ontario Mortgage & Real Estate Insights Podcast
We cover the daily developments, trends, and regulatory changes affecting the industry, powered by an AI Steve Hamoen. Get insights sourced from reputable news outlets to help you stay informed and make well-informed decisions.
Canada Bank Interest Rates 2024 – New & Revised Rates on Mortgage
In this episode, we begin with an introduction to the Ontario Mortgage & Real Estate Insights Podcast, followed by a sponsor message from Real Approved Inc. We provide an overview of Canada's 2024 mortgage rates and discuss their potential impact on the market. The conversation then shifts to a comparison of fixed versus variable mortgage rates, exploring the considerations and economic implications involved. We offer advice for making informed mortgage decisions in the current economic climate. The episode concludes with closing remarks and expressions of appreciation, along with a reminder of our sponsor, Real Approved Inc.
Key Points
- The Bank of Canada’s recent rate cuts have significantly impacted both fixed and variable mortgage options, creating new opportunities for homebuyers and homeowners.
- Fixed-rate mortgages offer stability and predictable monthly payments, making them appealing for those who prefer certainty in their financial planning.
- Variable-rate mortgages provide flexibility and potentially lower monthly payments in the short term, but come with the risk of future rate increases.
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Transcript
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