Halifax Real Estate Podcast

Jason Paul

The Halifax Real Estate Podcast is Halifax's premier real estate podcast. Designed to educate you on buying, selling, or investing in the Halifax real estate market with your host and licensed Realtor, Jason Paul.

  1. 4d ago

    Episode 109: Interest Rates GO UP! W/ Matt Legatto

    That's it, for the first time July 2023, the Bank of Canada has decided to raise it's key lending rate by 25 basis points. Citing concerns of key inflation metrics hitting 3.2% as the reason behind this increase. What does this mean for everyone? 1.) If you strip out oil & gas inflation from the metrics, inflation is staying at the 2% target the Bank of Canada has always treaded at. So basically, it's the wars going on in the world that are impacting this decision.  2.) If you are selling your house, buyers purchasing power just decreased, let alone the hit to positive sentiment and goodwill about buying real estate in today's economic uncertainty.  3.) Historically when the Bank of Canada has raised its key interest rate, they raise it a second time just to get ahead of key inflation metrics. The Bank of Canada intends on meeting in December, where they will announce another decision on interest rates. I wonder what they will do!  4.) In the grand scheme of things, 25 basis points is not a huge increase, but a potential second one in December is the one that may hurt a lot of people as this key interest rate impacts a lot of people's day to day loans. Something to keep in mind!  Jason Paul  902-220-7357  jason@infinityrealestategroup.ca  @jasonpaulhalifaxrealtor  @halifaxrealestatepodcast  Matt Legatto 902-240-3304 matthew.legatto@indimortgages.ca  @mattlegatto.mortages  Get Pre Approved BELOW  https://matthew-legatto.mtg-app.com/signup?brokerName=matthew.legatto&brokerId=b7567129-0cc6-4b59-ab76-4e68bf854f50

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The Halifax Real Estate Podcast is Halifax's premier real estate podcast. Designed to educate you on buying, selling, or investing in the Halifax real estate market with your host and licensed Realtor, Jason Paul.

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