Your Mortgage Rate Just Got Hit by Global Conflicts

MAY 6, 202630 MIN
The Ottawa Real Estate Podcast

Your Mortgage Rate Just Got Hit by Global Conflicts

MAY 6, 202630 MIN

Description

The Bank of Canada held rates but what Tiff Macklem said about sticky inflation should have every Canadian buyer and homeowner paying close attention. Global conflicts are pushing energy prices up, and that pressure is already working its way into mortgage rates and everyday costs across Canada.In this episode we discuss the rate decision, new government changes to mortgage insurance and the RRSP home buyers plan that most people have completely missed, and why no matter how good AI gets, it will never replace a real conversation when hundreds of thousands of dollars are on the line.00:00 Intro and Martini Madness Event02:27 Bank of Canada's Rate Announcement and Economic Outlook07:27 Government's Spring Economic Update and Housing Initiatives11:22 Home Buyers Plan and RRSP Withdrawals16:49 Current Market Sentiment and Real Estate Trends21:39 AI in Real Estate: Trust and Human Interaction29:16 Mood BoostsGet in touch with us!Paul Stevenson - Mortgage Agent Level 2CENTUM Financial Services LPEmail: [email protected]: 1-613-263-4543https://www.paulstevenson.caDavid Warren - Mortgage Agent Level 2Referral MortgagesEmail: [email protected]: 1-613-686-6003https://www.referralmortgages.comIf you have a question or topic you'd like to hear us discuss send us an email at: [email protected] or leave us a comment below!Buy Martini Madness Tickets: https://martini-madness.caNew Episodes of the podcast are available on Wednesdays at 10AM on all podcast services and at www.theottawarealestatepodcast.com Brought to you by Referral Mortgages, PaulStevenson.ca, Guertin/Poirier Avocates Lawyers, CENTUM, BIG - Billyard Insurance Group, Easy Neon Signs and A to Z Cleaning Expert.https://www.easyneonsigns.ca Use code TOREP and get 20% off all your orders. (This is an affiliate link).