In this episode, host Alex McFadyen delves into the upcoming Bank of Canada rate cut and its implications on variable rate discounts. McFadyen explains why these discounts are disappearing and how it affects borrowers. He also explores the broader economic impacts of potential tariffs introduced by Trump, including their effect on the Canadian GDP. Listeners will gain insight into the complexities of choosing between variable, fixed, and hybrid mortgage options amidst an uncertain economic landscape. Encouraging a deeper understanding, McFadyen stresses the importance of working with knowledgeable mortgage professionals. Additionally, he provides an overview of the new 90 percent refinance program by CMHC launching in early 2025, aimed at opening more doors for Canadian homeowners.
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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