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