Bank of Canada hits PAUSE on interest rate hikes and Toronto real estate thrives... FOR NOW

Описание: Bank of Canada hits PAUSE on interest rate hikes and Toronto real estate thrives... FOR NOW
Huge news came out of the Bank of Canada last month... after raising the interest rate another 0.25%, Tiff Macklem announced that we will be putting a PAUSE on interest rate hikes "for now" in to assess the impact we're having on inflation. With this big news, we knew it was only right to bring in the best mortgage broker we know - Varan Karunanantham, Co-Founder of iConnect Mortgages and get his opinion on the situation. This news has sent shockwaves through the Toronto housing market, with demand beginning to surge throughout the Toronto core. If you're looking to buy a home, you'll probably be met with a bidding war as inventory is low.

In this video, I have an in-depth conversation about the current state of the real estate and lending market. Varan Karunanantham shares information on what he's doing personally with his mortgages and where he sees rates heading in Q4 of 2023/early 2024.

#interestrates #mortgage #bankofcanada

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