Did the Bank of Canada's rate cut just unlock a new real estate strategy for you? We dive into the recent 25 basis point reduction and what it truly means for your fixed vs. variable mortgage decision. Is it time to ditch stability for potential savings?
In this video, we'll explore:
- Why experts predict more rate cuts and how that influences the appeal of variable rates.
- The math: How much you could save monthly on an average $500K mortgage.
- The dangers: What are "trigger points" in a variable mortgage and how do you build financial resilience?
- Market pulse: How sellers and buyers are strategically responding to the economic shift.
Ideal for professionals and investors ready to move beyond basic budgeting and adapt their financial plans to the dynamic housing landscape.
Join REALTORS Andrew Plank and Jane Johnston, along with Mortgage Specialist Jen Lowe, every Thursday at 9:30 to discuss topics of interest for buyers and sellers of Victoria Real Estate.
Jane Johnston // RE/MAX
www.briarhillgroup.com/
Subscribe to my YouTube channel!
https://bit.ly/Subscribe-youtube-JaneJohnston
Andrew Plank // Royal LePage
www.andrewplank.com/
Subscribe to my YouTube channel!
https://bit.ly/Subscribe-youtube-AndrewPlank
Jen Lowe // DLC Modern Mortgage Group
www.jenlowe.ca
