Mortgage Rate Increase In Canada: June 2023 Update

Welcome to Millennials Choice, the ultimate destination for real estate insights and financial advice. In this engaging episode, hosts Matthew and Danny dive deep into the world of mortgages, interest rates, and market trends. Join them as they discuss the age-old debate of fixed versus variable mortgage rates, helping you make an informed decision that suits your financial goals.<br/><br/>With rates on the rise, Matthew and Danny explore the reasons behind this shift and examine the potential implications for homeowners and investors alike. They provide expert analysis on the current market conditions, comparing prices to previous years and shedding light on the factors driving these changes.<br/><br/>In this thought-provoking discussion, they also address the growing concerns of Canadians' debt levels and how rising interest rates can impact individuals' financial well-being. Whether you're a first-time buyer, a seasoned investor, or simply looking to stay informed, this episode offers valuable insights and actionable advice to navigate the evolving real estate landscape.<br/><br/>0:00 - Intro<br/>1:40 - Fix vs Variable Mortgage<br/>6:40 - Rates Increase or Stay<br/>9:10 - Prices Compared to Last Year<br/>12:05 - Why Rates are Going Up<br/>13:50 - Sell Your Investment<br/>17:50 - Listening to the Experts?<br/>19:40 - Market Risk<br/>21:00 - Canadians in Debt<br/>30:20 - Raised Interest Rate<br/>32:00 - Mindset Getting Worse<br/>37:50 - Using Investments to Pay Mortgage<br/>40:00 - What to Do Now!<br/><br/>For Members Only Content Visit: <br/><br/>https://financialfreedomclub.ca/<br/><br/>For Matthew's Best-Selling E-book Featuring Shark Tank Star Kevin Harrington & Real Estate Guru Robert G. Allen, visit:<br/><br/>https://financialfreedomclub.ca/ebook<br/><br/>Learn More About The Millennial's Choice Group of Companies:<br/><br/>https://linktr.ee/millennialschoice<br/><br/>Connect With Matthew & Danny On Instagram:<br/><br/>https://www.instagram.com/matthewablakan/<br/>https://www.instagram.com/dannyablakan/<br/><br/>DISCLAIMERS: Any information or advice available on this Podcast is intended for educational and general guidance only. Matthew Ablakan, The Millennial's Choice Group of Companies Inc. and any subsidiary company, shall not be held liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this Podcast. Consult a Realtor, Accountant, Lawyer, Local Government, Financial Advisor or other Wealth Management professional before you make investments of any kind. <br/><br/>Although Matthew Ablakan and his affiliates take all reasonable care to ensure that the contents of this Podcast and YouTube Channel are accurate and up-to-date, all information contained on it is provided ‘as is.’<br/><br/>Matthew Ablakan makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this Podcast. <br/><br/>Any links to other websites are provided only as a convenience and Matthew Ablakan, The Millennial's Choice Group of Companies Inc. and any subsidiary, encourages you to read the privacy statements of any third-party websites.<br/><br/>© 2023 Matthew Ablakan, The Millennial's Choice Group of Companies Inc. All Rights ReservedSupport the show