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Ep 33 Did the Interest Rate Drop Affect OUR Market?
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What if a single decision could reshape your financial future? Join me, Jacquie McCarnan, as I unpack the significant impacts of the Bank of Canada's recent interest rate cuts, which have brought rates down to 4.25%. We'll explore how this move aims to control inflation and spur economic growth, despite stubbornly high housing and rent costs. Whether you have a variable or fixed-rate mortgage, you'll learn how these changes could affect your payments and principal, and gain insight into the intriguing market dynamics in Vancouver, where increased property listings haven't been met with buyer activity—possibly due to seasonal trends.
Turning our focus to North Vancouver, we scrutinize current real estate trends and future predictions. Despite multiple interest rate cuts, the anticipated surge in buyer activity remains elusive. Will this trend eventually lead to a boost in sales? I offer essential advice for both sellers and buyers, stressing the importance of consulting trusted realtors. Plus, the potential for more float homes at Mosquito Creek Marina could be a game-changer for affordable housing. Stay tuned for next week's episode, where we’ll dive into how a potential change in provincial government could influence housing policies. Share your thoughts on this pressing issue—your voice matters!
Capíttulos
1. Impact of Lowering Interest Rates (00:00:00)
2. Real Estate Market Trends and Predictions (00:08:25)
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