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Episode 04: Canada’s New Mortgage Rules - What You Need to Know Now!
Manage episode 441670711 series 3598209
Contenu fourni par Alex Pang & Alex Shanks, Alex Pang, and Alex Shanks. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Alex Pang & Alex Shanks, Alex Pang, and Alex Shanks ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.
In this emergency episode of The Canadian Mortgage Show, Alex Pang and Alex Shanks dive into the breaking news surrounding Canada's new mortgage rules and the U.S. Federal Reserve's major rate cut.
We discuss the expansion of insured mortgages to 30 years for first-time buyers, the increase in the mortgage cap to $1.5M, and how these changes might drive debt and inflation higher. We also cover the latest on Canada's inflation rate and whether the Bank of Canada will follow the U.S. Fed in cutting rates.
Key Takeaways:
- First-time buyers are being given more borrowing power, but at what cost? Longer-term debt and rising home prices may be the real result.
- The U.S. Fed’s rate cut could be a sign that the Bank of Canada may soon follow, giving borrowers potential relief.
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