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ozzie jurock

Key Takeaways:  

Bank of Canada has lowered its benchmark rate by .50% this morning. Single biggest rate cut since emergency measures were taken four years ago!

What does it mean for variable rates? What for fixed rate? For homeowners with variable-rate mortgages, lower interest rates and smaller monthly payments? People with home equity lines of credit (HELOCs) and personal lines of credit, will rejoice.

Experts suggest the central bank’s policy rate could fall 1.75% over the year. Which would bring it to 2.5 % . By next summer other bankers say 2.7-3% So prime rate will drop to 5.95% What about variable Why are fixed rates going up?

Host:
Ozzie Jurock – Author of best-selling books like Forget About Location, Location, Location and Real Estate Action.
Featured in Donald Trump’s real estate book and called a Real Estate Guru by Peter C. Newman in Titans.
Past President of Royal LePage (Res.) and Chairman of NRS Block Bros, with experience managing real estate companies across Canada, the U.S., and Asia.
Speaker Extraordinaire, delivering over 80 motivational speeches annually and hosting investor outlook conferences that attract 700 plus attendees.
Ozzie is passionate about helping people achieve their best financial futures and creating environments for growth. When he’s not talking real estate, you might find him skiing, boating, or wrestling with his golf game (spoiler: golf usually wins).
Connect with Ozzie:
Get Ozzie’s blog (free) sign up here: ozbuzz.ca
Website: ozziejurock.com
Books, CDs, merchandise: ozbuzz.ca/shop/
Real Estate Action Group: Join the community at REAG.ca.
BC Real Estate Directory: BCRED.ca (free)
Ask an Expert now: askanexpert.ca
Bulletin Board: realestatetalks.com (47,831 visitor last month)
YouTube: youtube.com/jurockvideo
Social: Facebook, Twitter/X, Instagram, LinkedIn

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Disclaimer

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