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How the Bank of Canada's rate cut is shaping the housing market
Manage episode 426847293 series 3584094
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Steve Hamoen discusses the Bank of Canada's interest rate cut, market conditions, advice for sellers, housing market influences, condo market challenges, FSRA's action against a mortgage agent, Deloitte's mortgage renewal forecast, refinancing benefits, and a Cambridge home sold at a loss. (0:00) Welcome and introduction (0:36) Impact of Bank of Canada's interest rate cut (1:49) Increase in property listings and market conditions (2:48) Advice for sellers in the current market (3:29) Factors influencing the housing market (4:28) Challenges in the condo market (6:29) FSRA's actions against mortgage agent Manpreet Guy (9:14) Deloitte Canada's summer forecast on mortgage renewals (11:57) Benefits of refinancing a mortgage (14:54) Cambridge home sold at a significant loss (18:16) Closing remarks and thank you
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