Make Money Count

Bank of Canada Reduces Prime Rate AGAIN!

The Canadian government announced a 50 basis points cut in interest rates, with the prime rate dropping from 5.95% to 5.45%, and the overnight rate falling to 3.25%. But what does this mean for Canadians, and how will it affect the economy in the long term? In this episode, Marcus and Justin discuss the implications of the rate cut, what it means for inflation, the real estate market, and the broader Canadian economy.

Is Trudeau’s $250 Cheque a Political Stunt?

The Canadian government recently introduced a $250 GST rebate to help Canadians manage rising costs, but is this financial aid a quick fix or a risky move that could fuel inflation and increase government debt? In this audio, we break down what the rebate means for you, how it impacts the economy, concerns about government spending, and explore smarter solutions for achieving long-term financial stability.

How Canada’s Big Banks Profit From Your Pain!

The Bank of Canada’s next rate decision is just around the corner! Will we see another hike, or could this be the turning point for rate cuts? In this audio, we discuss:
How Canadian banks are profiting from high rates.
What this means for your mortgage.
Why variable-rate mortgages might be your best bet.
How Cannect can help you navigate this financial landscape.
Get the insights you need to stay ahead in a challenging economy.

How US Tariffs Could Spark a Financial Crisis in Canada!

Are you curious about how recent economic changes impact your finances? In this audio, we dive deep into key topics affecting the Canadian economy, mortgage rates, and investment opportunities. Learn how to navigate these shifts confidently and make informed decisions with expert insights from Cannect.

CPI Climbs, Rates Rise: Is Your Mortgage Safe?

In this episode, Marcus and Justin break down the latest economic shifts and how they affect Canadian housing affordability. From rising CPI and bond yields to the challenges facing condo markets, they share expert insights on navigating these changes, including mortgage strategies for homeowners. Tune in to hear their advice on whether now’s the right time for a variable rate and what the future holds for housing supply and demand. Don't miss out on actionable advice for making smart moves in today’s market!

Toronto Real Estate Market: Is Now the Time to Buy?

Toronto’s real estate market is evolving, but is now the right time to buy? Join us with real estate expert Benjamin Ferguson as we dive into the market’s biggest trends, from construction costs and high demand to variable-rate mortgage benefits. We break down what’s impacting real estate prices, the influence of immigration, and why Toronto remains a prime spot for buyers and investors alike. Watch now to discover if Toronto housing is set to rebound!

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!