Mortgage Rate Increase In Canada: June 2023 Update
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Welcome to Millennials Choice, the ultimate destination for real estate insights and financial advice. In this engaging episode, hosts Matthew and Danny dive deep into the world of mortgages, interest rates, and market trends. Join them as they discuss the age-old debate of fixed versus variable mortgage rates, helping you make an informed decision that suits your financial goals.
With rates on the rise, Matthew and Danny explore the reasons behind this shift and examine the potential implications for homeowners and investors alike. They provide expert analysis on the current market conditions, comparing prices to previous years and shedding light on the factors driving these changes.
In this thought-provoking discussion, they also address the growing concerns of Canadians' debt levels and how rising interest rates can impact individuals' financial well-being. Whether you're a first-time buyer, a seasoned investor, or simply looking to stay informed, this episode offers valuable insights and actionable advice to navigate the evolving real estate landscape.
0:00 - Intro
1:40 - Fix vs Variable Mortgage
6:40 - Rates Increase or Stay
9:10 - Prices Compared to Last Year
12:05 - Why Rates are Going Up
13:50 - Sell Your Investment
17:50 - Listening to the Experts?
19:40 - Market Risk
21:00 - Canadians in Debt
30:20 - Raised Interest Rate
32:00 - Mindset Getting Worse
37:50 - Using Investments to Pay Mortgage
40:00 - What to Do Now!
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134 episodes