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Are Canadian Mortgage Rates About to Drop Big Time?
This week on the Ottawa Real Estate Podcast, we break down the latest shifts in the Canadian real estate market and what they could mean for homeowners and buyers across the country. We explore the current job market struggles, rising unemployment, and how these economic indicators could push the Bank of Canada toward a rate cut. We also look at the impact of inflation, declining housing starts, and the massive wave of mortgage renewals set to hit Canadians. With fixed mortgage rates expected to drop in the coming months, we discuss what this all means for affordability, household budgets…
The skinny
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