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After The Cut: Unpacking the BoC's July 24 Rate Announcement with Guest Sean Humphries
- 2024/07/25
- 再生時間： 30 分
- ポッドキャスト
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サマリー
あらすじ・解説
In today's episode of Building Wealth Brick by Brick I'm unpacking the BoC's July 24th rate announcement. Helping me is none other than award-winning mortgage expert Sean Humphries of Dominion Lending Centres.
Key Points:
- July 05 marks the first rate cut in 4 years
- July 24 represents the 2nd cut in as many months - Brings overnight lending rate down to 4.5%
- June market stats - Available Listings Up 67%
- Average Sales Price Down slightly by 1.6% Year Over Year
- Prices Stablizing
- MOI - Months of Inventory Hovering Around 4% - Lots of Inventory
- Fewer Buyers = Low Demand
- 2 Rate Cuts Bring Another Shift
- Inflation Down to 2.7% - Closer to the BoC target rate
- Next Rate Announcement Sept 4th - Another Cut???
We are heading in the right direction!
Exclusive invitation -RSVP 👉🏼 Navigating Shifts - In-person Seminar July 31 2024 7pm in Etobicoke (Kipling/Dundas). Refreshments served and all attendees will receive an e-gift card after the event. You don't want to miss this.
Helping you increase wealth through #realestate
Book a time for a quick 15min Chat - Discovery: https://calendly.com/thecondowiz/15min
Social:
https://linktr.ee/nicojamesbock