In this episode, Ralph Fox, Broker of Record at Fox Marin and Jason Friesen, Partner at Outline Financial, discuss recent changes affecting the US and Canadian mortgage markets, including the Fed's decision to cut its overnight lending rate by 50 basis points and Canada's updated mortgage rules. They explore what these changes mean for firsttime buyers, how the Toronto real estate market might react, and the overall shift in consumer sentiment.

KEY TOPICS INCLUDE
The Fed's rate cuts and potential influence on the Bank of Canada
Canada's mortgage cap increased from $1 million to $1.5 million
More relaxed mortgage guidelines and what this means for buyers
Whether these changes will improve longterm affordability in Toronto
Predictions for increased demand and rising home prices
Opportunities for firsttime buyers with lower down payment requirements

Join us as we discuss the market's trajectory, shifting economic conditions, and what buyers should keep an eye on in the coming months!

CHAPTERS:
00:00 The Fed Pivot & Its Implications
02:02 Mortgage Rule Changes in Canada
06:02 Impact on FirstTime Buyers
09:58 Market Reactions & Consumer Sentiment
14:10 US Federal Reserve's Rate Cuts
18:03 LongTerm Market Predictions
21:56 Current Market Dynamics & Buyer Opportunities

Jason Friesen, PFP
Managing Partner | Mortgage Agent Level 2
Outline Financial
T: (416) 4555825
E: [email protected]
W: www.outline.ca
Mortgage Brokerage Lic#13151

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