Alex McFadyen from Flow Mortgage Co. delves into the economic challenges In Canada (and the U.S.), highlighting the implications of inflation, job losses, and wage cuts on interest rates. The discussion centers on how the declining rates impact mortgage products, with practical advice for consumers on making informed decisions. Alex emphasizes the importance of keeping a flexible strategy in an ever-changing market, pointing out recent trends in real estate prices, particularly the rebound in detached homes. He also discusses the expected rate cuts by the Bank of Canada and their potential impact on the housing market, advising listeners to stay adaptable and informed.
Alex McFadyen is a seasoned independent mortgage broker with over 11 years of experience in the industry. Alex is the owner and Mortgage Advisor of Flow Mortgage Co.
Alex’s Social Media: @themortgagepug
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Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
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