Are you curious about the current state of the Canadian housing market amidst all the talk of inflation, interest rates, and a potential recession?

In this video, Ian Busher and Ralph Fox discuss the Bank of Canada’s announcement to hold the overnight rate steady at 5% and how it impacts the Canadian economy and its citizens. They also provide valuable insights into the announcement and how it affects Canadians. Joining them is today's special guest Jason Friesen, Managing Partner at Outline Financial. Tune in to gain a clearer understanding of where the Canadian housing market is heading and how it might impact you.

0:00 - Bank of Canada’s Rate Announcement Means for You
0:53 - Meet Jason Friesen
1:57 - Why the Bank of Canada Kept the Interest Rate Steady at 5%?
5:26 - How the Interest Rate Decision Affects the Real Estate Market?
7:55 - The Challenges and Opportunities for First-Time Buyers
9:35 - Expert Advice on How to Navigate the Housing Market
12:47 - The Probability and Implications of Interest Rates Going Back to 2.5%
15:57 - How Lending, Transactions, and Mortgage Defaults Are Changing?
19:25 - The Reasons Behind the Increase in Home Sales
21:41 - The Future of Home Prices: From 6 Months to 5 Years
23:20 - Concluding Thoughts

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Drop your thoughts and questions in the comment section. We would love to read and answer your queries.

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Guest Speaker: Jason Friesen
Managing Partner, Outline Financial
jason.friesen@outline.ca
www.outline.ca
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