Make Money Count

Will Trump’s Return Impact Your Mortgage Rate?

In this episode, we dive into how Donald Trump’s potential return to power could shake up Canada’s real estate market and mortgage landscape. With close economic ties, shifts in U.S. policies often have ripple effects here in Canada—especially when it comes to mortgage rates and bond yields. What does Trump’s focus on American productivity, tariffs, and government spending mean for Canadian homeowners and anyone looking to renew or get a mortgage? We break it all down and explore what Canadians might expect, from rising interest rates to new trade dynamics. Tune in to find out how you can prepare and make the most of these potential changes!

Will Lower Mortgage Rates Be Enough? Canada's Productivity Crisis Exposed!

In this episode of the Make Money Count, we tackle one of Canada's most pressing economic challenges: the alarming decline in productivity. Join our hosts as they explore why productivity is crucial for our nation's growth and how Canada’s current situation compares to other developed countries, especially the U.S.
We delve into the impact of oligopolies, overregulation, and infrastructure deficits that stifle innovation and competition. With the Bank of Canada hinting at future interest rate cuts, we discuss how our unique mortgage market magnifies economic challenges.
Can Canada turn this trend around? What steps should we take to attract skilled workers and invest in the fundamentals of our economy?

Big Changes Ahead: How the 50 Basis Point Rate Cut Impacts You!

Welcome back to another episode of Make Money Count! Today, we’re diving into some significant updates about the Canadian economy that you won't want to miss. The Bank of Canada recently cut interest rates by 50 basis points, a move that could reshape the landscape for homeowners and investors alike.

CPI Update, Interest Rate Forecasts, & What You Need to Know About Mortgages & Credit Penalties

In this episode of Make Money Count, we dive into the latest financial news, including the recent Consumer Price Index (CPI) report showing a 1.6% increase, largely due to falling gas prices. We also discuss the possibility of more interest rate cuts by the Bank of Canada and why locking into fixed mortgage rates might not be the best idea right now. Additionally, we touch on how penalties for shopping for credit and the stress test are making it harder for consumers to find better financial deals. Stay informed, and learn how to navigate these uncertain times with the right mortgage strategies.

Major Changes in the Canadian Mortgage Market | Refinancing Up to 90% LTV Explained

Welcome to Make Money Count! Are you looking to maximize your home's potential? The Canadian government just introduced a game-changing refinancing option allowing you to refinance up to 90% of your property's value! In our latest podcast episode on Make Money Count, we break down everything you need to know about this new program, including:
✅ How to qualify for the 90% LTV refinance
✅ Potential risks and how to navigate them
✅ Tips for adding rental units to boost your income
✅ Insights into recent CMHC policy changes and what they mean for you

OSFI's New Mortgage Renewal Rule: Switch Lenders Without a Stress Test!

Big news for homeowners and mortgage holders! In this episode, we break down the new rule by OSFI that makes it easier to switch mortgage lenders at renewal without going through a stressful qualification process. Learn what this means for you, how you can benefit from shopping around for better rates, and why now might be the perfect time to consider a mortgage renewal. At Cannect, we’re committed to helping you save money and simplify your mortgage experience.

U.S. Rate Cuts and 2% CPI in Canada: Time to Switch to Variable Rate Mortgages?

In this episode, we break down the major factors influencing interest rates in Canada and the U.S. – from the Federal Reserve’s recent 50 basis point cut to Canada's CPI hitting 2%. With more rate cuts expected in 2024 and 2025, it's crucial to understand how this impacts your mortgage. Should you switch to a variable-rate mortgage? What about potential penalties? We cover it all, including key advice on how to navigate this shifting economic environment and save money on your mortgage. Don't miss out on these expert insights!

Home Buying Changes in Canada: How New Rules Impact You

In this episode of Make Money Count, we break down the latest announcement from Canada’s Minister of Finance about significant changes in home-buying rules. We discuss:
The increase of the maximum insurable purchase price from $1 million to $1.5 million, making it easier to buy a home with less than 20% down.
The introduction of 30-year amortizations for first-time buyers and newly built homes, lowering monthly payments but increasing total interest paid.
How these changes may impact future interest rate cuts and housing market activity.

Big Changes Ahead for Canada: What You Must Know!

In this video, we explore the key economic trends shaping Canada right now – from rising unemployment to potential interest rate cuts by the Bank of Canada. How will these changes impact homeowners and investors? And what could nationalizing oil production mean for Canada's future economy? Learn more about the latest shifts in the housing market, mortgage rates, and innovative ideas to help tackle Canada’s debt. Whether you’re looking to refinance, invest, or simply stay informed, Cannect is here to help you guide these uncertain times with confidence.

Bank of Canada Cuts Rates! More to Come?

The Bank of Canada just announced a 25 basis point cut, bringing the prime rate down to 6.45%! While many hoped for a bigger drop, there’s good news ahead. The Bank of Canada has signaled that more rate cuts are expected in the coming months. According to TD, we could see up to 250 basis points shaved off by the end of 2025, bringing the prime rate down to 3.95%. Lower rates are on the horizon!

Top 5 Tips For Your Mortgage Renewal

Is your mortgage up for renewal soon? Don’t just sign the dotted line without doing your homework! In this video, we’re sharing the top 5 tips to help you navigate the mortgage renewal process like a pro. From starting early to understanding your financial situation, these strategies will ensure you get the best deal possible. Whether you’re considering a HELOC, aiming for the lowest rate, or simply looking to optimize your finances, this guide has you covered. Watch now and take control of your financial future!

Interest Rates, Real Estate, and Your Financial Future: What You Need to Know

In today's fast-changing economy, it's important to stay ahead. Join us as we break down the latest market trends, including possible interest rate cuts and the challenges in the real estate market. Discover how Cannect can help you turn these challenges into opportunities, whether you want to refinance, invest, or just get expert advice. Don't miss out on tips that could save you money and help you achieve financial success.

Canadian Mortgage Policy Changes Explained: What You Need to Know!

In this episode, we explain the recent changes in Canadian mortgage policies and their potential impact on the housing market. From the introduction of the 30-year amortization for insured pre-construction mortgages to the increasing reliance on family gifts for down payments, we’ll share everything you need to know, whether you are a homebuyer or investor.

Will Rate Cuts Be Enough to Make Housing Affordable Again?

This podcast explores the latest developments in the Canadian housing market. From the Bank of Canada's potential rate cuts to the challenges facing the condo market, and the looming crisis in housing supply, we cover it all. Whether you're a homeowner, prospective buyer, or investor, understanding these trends is crucial for making informed decisions. Don't miss out on this essential market update!

How to Choose the Best Mortgage Broker?

In this episode of "Make Money Count," we break down the essential factors to consider when choosing a mortgage broker. Drawing from Rob McLister's article in the Financial Post, we explore how Cannect ensures you get the best deal. Learn about the importance of responsiveness, understanding your long-term needs, and genuine shopping around. Discover how Cannect’s strong lender relationships and commitment to your financial future set us apart. Tune in to make an informed decision for your mortgage needs!

Rate Cuts Again? | Bank of Canada

Welcome to Make Money Count! In this video, we explore the predicted rate cut by the Bank of Canada and its potential impact on the real estate market. What does this decision mean for homebuyers, investors, and the overall housing market in Canada? However, a 25 basis point rate cut might be insufficient. We expect that at least an additional 50 basis points will be necessary to fully support the economic recovery. Join us as we explore the details and analyze how lower interest rates could influence property prices, mortgage rates, and investment opportunities. Stay tuned for expert insights and practical advice on navigating the changing landscape of Canadian real estate.

How Bond Yields Impact Your Mortgage Rate | Make Money Count Explains

Welcome to Make Money Count! In this episode, we explore the recent decline in bond yields and its implications for mortgage rates. Join Marcus and Justin as they break down what this means for prospective home buyers and the broader housing market. Don't miss this insightful discussion on how economic trends can affect your financial decisions.

Toronto's Condo Market: Will Prices Drop as Investors Sell?

Welcome to our latest episode of Make Money Count! In this episode, we talk about the current state of Toronto's condo market amidst high interest rates. We break down how these rates are impacting buyers and investors, and why many are reconsidering their positions. We also discuss the surge in condo supply and what it means for prices. Additionally, we explore the strategies banks utilize to manage risks and the potential impact of immigration on the market.

How Rising CPI Rates Impacts Real Estate

Welcome to our newest episode of Make Money Count! In this episode, we discuss the latest CPI numbers and explore the real estate market, giving you tips on buying a home in today's ever-changing landscape. With scams on the rise, we also share important tips on how to stay safe during the mortgage process. From budgeting to home buying, this episode is packed with valuable information to help you navigate these turbulent financial times with confidence!

With Bond Yields Dropping, Are Fixed Rate Mortgages Your Best Option?

Welcome to Make Money Count! In this episode, we cover the latest updates in the mortgage market and economic trends impacting your financial decisions. We discuss Canada's 5-year bond yield drop to 3.3%, resulting in average fixed mortgage rates of 4.8%. We explore why opting for a variable-rate mortgage could be wise amidst current economic conditions. We also analyze the Bank of Canada's cautious stance on interest rate cuts due to inflation concerns, with decisions pending on economic performance in both Canada and the US.