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Canadian Mortgage Interest Rate Update - November 2024

Nolan Matthias
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Canadian Mortgage Interest Rate Update - November 2024

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Ai Summary

The video explains the latest shifts in Canadian interest and mortgage rates as of November 2024, focusing on how underwhelming job data could pressure the Bank of Canada to lower rates. It dives into the implications for both fixed and variable mortgage rates, outlines rate predictions from various banks, and provides advice on choosing between discount and full-feature mortgages. The creator emphasizes the benefits of using a knowledgeable broker and offers resources to help viewers avoid common pitfalls in the mortgage process.

Video Length
13:57
The Hook
Interest rates could fall even further before the new year as new jobs data came in somewhat disappointing, with fewer jobs being added to the economy than expected, which could force the Bank of Canada's hand to lower interest rates even further. But the question is—what does that mean for mortgage rates?
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CTA

My name is Nola Matias, and if you want the latest Canadian real estate and financial news, this is the place for you. So do me a favor—hit that subscribe button and the like button so more people like you can see this video.

Power Words
Mortgage Rates
Bank of Canada
Interest Rate Forecast
Fixed vs Variable
Canadian Real Estate
Canadian Real Estate