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We're excited to bring you this week's episode of Make Money Count, where we delve into the latest developments in the real estate market. This episode is packed with valuable insights for potential homeowners, sellers, and investors. Join us as we discuss the impact of recent rate cuts, supply-demand dynamics, and future interest rate movements predictions. We also analyze the ongoing supply-demand imbalance in the housing sector.

On June 5th, 2024, the Bank of Canada announced a rate cut of 25 basis points, a move that has significant implications for the Canadian economy and personal finances. This decision, aimed at stimulating economic growth, is expected to have a broad impact on various financial products, including mortgages and home equity loans. For homeowners and potential buyers, the most immediate effect will be on mortgage interest rates. The rate cut typically leads to lower mortgage rates, making it cheaper for Canadians to borrow money for home purchases. Existing homeowners with variable-rate mortgages will likely see a reduction in their monthly payments. This could also be an opportune time for those with fixed-rate mortgages nearing renewal to potentially secure lower interest rates.

On this week's episode of the Make Money Count podcast, hosts Marcus and Justin take a deep dive into some of the most urgent and impactful issues currently shaping the Canadian mortgage and real estate markets. From dramatic shifts in the condo market to the financial strategies of major banks, this episode is packed with crucial insights and expert analysis that you won’t want to miss. #MakeMoneyCount #CanadianRealEstate #CondoMarketCrash #BankEarnings #MortgageRates #GlobalMortgages #FinancialInsights #RealEstateInvesting #MortgageAdvice #CannectPodcast #FinancialPlanning #InterestRates #RealEstateTrends #CanadaHousing #MortgageMarket

Welcome to this week's episode of "Make Money Count" with Marcus and Justin! In this episode, we cover a range of crucial topics affecting the Canadian economy and real estate market: Jeff Bezos Family Office Investing in Mortgages: Bezos Expeditions is eyeing the mortgage market with investments ranging from $2.5 million to $5 million. Although they haven't entered the Canadian market yet, Cannect MIC stands out as the best option if they decide to do so. CPI Numbers and Bank of Canada Rate Predictions: The latest CPI numbers show inflation cooling to 2.7%. We discuss the 49% chance that Bank of Canada rates may not drop in June, but we could see a 25 basis point reduction in July. Real Estate Market Trends: Real estate prices are expected to drop due to low demand, high listings, and elevated interest rates. Tenant Issues in Ontario: We address the significant challenges faced by landlords and investors in Ontario with tenants not paying rent and refusing to evacuate properties, including a notable case where a tenant stayed for over a year without paying rent. Capital Gains Tax Increase: Justin Trudeau’s proposal to increase the capital gains tax could lead wealthy individuals to move their money out of Canada. First-Time Home Buyers Stimulus: First-time home buyers can now get 30-year amortization on insured mortgages when purchasing new construction. While this could stimulate the pre-construction market, it may not have a significant overall effect given the current cheap land prices. For more in-depth analysis and expert insights, watch the complete episode of "Make Money Count.

Join Marcus and Justin Turner in this eye-opening episode as they delve into the world of "B" deals and credit repair strategies. Discover how to navigate the current economic conditions of the Canadian real estate market, differentiate between "A" and "B" deals, and learn step-by-step processes to improve your credit score. Don't miss out on valuable insights to secure your financial future!

In this week's episode of Make Money Count, Marcus reviews pressing economic questions surrounding the Canadian housing crisis and the underlying factors contributing to the contraction of the economy.
This Episode Highlights:
Divergence of Canadian and US Economies and its Impact on Bank of Canada's Decisions
Marcus dissects the dynamics between the Canadian and US economies, explaining how this divergence could shape future decisions by the Bank of Canada. Understanding these shifts is paramount for anticipating changes in interest rates and their repercussions on financial markets.
Pain Caused by Elevated Interest Rates in the Canadian Economy
Explore the tangible impact of elevated interest rates on the Canadian economy. Marcus sheds light on the challenges faced by businesses, consumers, and economic growth, offering a comprehensive view of the current economic landscape.
Predictions with Data and Charts: Strong Probability of Rate Cuts in June
Marcus presents his predictions indicating a strong probability of rate cuts in June. These predictions are rooted in thorough analysis of economic indicators, providing valuable guidance for investors and individuals shaping their financial strategies.
Ready to navigate these economic shifts and optimize your financial strategies? Reach out to us today to explore tailored solutions aligned with your financial goals. Let's navigate these economic waters together and ensure your money counts!
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