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Make Money Count

Make Money Count

Author: Cannect Inc.

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Welcome to Make Money Count, a podcast focused on the Canadian economy, Real Estate, and your mortgage.

We’d love it if you’d join us as we explore options that put dollars back into the average Canadian’s pocket.

Subscribe for new episodes weekly!
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We're thrilled to unveil the newest episode of our "Make Money Count" podcast, where Marcus delves into fascinating topics that directly influence the way you handle your finances. From decoding the complexities of the Consumer Price Index (CPI) and its ripple effects on interest rates, to offering fresh insights from the Canadian federal budget and also the differences in interest rate management by US and Canada This Episode Highlights - Understanding CPI and Its Impact: We break down the Consumer Price Index (CPI) and its significant influence on interest rates. Discover how CPI changes can affect your financial landscape and investment strategies. - Insights from the Canadian Federal Budget: Gain valuable insights into the latest developments in the Canadian federal budget. Where we shed light on key areas that could shape economic trends and financial policies. - Differences in Interest Rate Management: Explore the contrasting approaches of the US and Canada towards managing interest rate fluctuations. We also provide insights into the strategies employed by these economies and their implications for borrowers and investors. - Get ready to gain invaluable knowledge that directly impacts your financial decisions and empowers you to make informed choices on your financial journey. 🔔 Subscribe for more! PODCAST:=============================== Apple: https://podcasts.apple.com/us/podcast/make-money-count/id1579718660 Spotify: https://open.spotify.com/show/60gGyKOiiN7fnKFknyFREJ iHeart Radio: https://www.iheart.com/podcast/269-make-money-count-85477969/ Podbean: https://makemoneycount.podbean.com/ SOCIAL===============================  ♪   - TikTok: https://www.tiktok.com/@cannect.ca 👥 - FACEBOOK: https://www.facebook.com/cannecthomefinancing 🐣 - TWITTER: https://twitter.com/CannectLoans 📸 - IG: https://www.instagram.com/cannect.ca/ 💼LinkedIn: https://www.linkedin.com/company/cannect-home-financing 👇👇YOUR BEST HOME MORTGAGE NOW AND FOREVER 👇👇 https://cannect.ca/ https://cannect.ca/ https://cannect.ca/ 👇👇INVEST WITH CANNECT NOW👇👇 https://cannect.ca/mortgage-investment-corporation ✅ Averaging 8.11% returns. ✅ Nine years of established success 🎓 Learn more about how to Make Money Count: http://MakeMoneyCount.com
We are in a period of transition and reflection as we mourn the loss of our beloved producer, Matthew Scanlan. His creativity and spirit were integral to our team, and his efforts sculpted the podcast into what it is today. We also delve into Canada's rising unemployment rate, its implications on the real estate market, and the Bank of Canada's looming rate decisions. With expert analysis, we dissect how recent unemployment figures could shape future interest rates, affect housing affordability, and impact consumer confidence in the housing market. Amidst these economic uncertainties, we also explore the resilience and evolving dynamics of Canada's workforce and real estate sector. Highlights include: - A tribute to Matthew Scanlan and his lasting impact as the Make Money Count podcast producer. - An in-depth analysis of Canada's latest unemployment rates and their broader economic implications. - Insights into how these trends are influencing the Bank of Canada's rate decisions and the potential effects on the housing market. - Discussion on the necessity of investing in productivity and infrastructure to ensure a robust economic future for Canada. As we embark on this journey of understanding and adaptation, we invite you to join us in remembering Matt and exploring the complexities of Canada's economic landscape. Your thoughts, comments, and engagement are more important than ever as we navigate these challenging times together. 🔔 Subscribe for more! PODCAST:=============================== Apple: https://podcasts.apple.com/us/podcast/make-money-count/id1579718660 Spotify: https://open.spotify.com/show/60gGyKOiiN7fnKFknyFREJ iHeart Radio: https://www.iheart.com/podcast/269-make-money-count-85477969/ Podbean: https://makemoneycount.podbean.com/ SOCIAL===============================  ♪   - TikTok: https://www.tiktok.com/@cannect.ca 👥 - FACEBOOK: https://www.facebook.com/cannecthomefinancing 🐣 - TWITTER: https://twitter.com/CannectLoans 📸 - IG: https://www.instagram.com/cannect.ca/ 💼LinkedIn: https://www.linkedin.com/company/cannect-home-financing 👇👇YOUR BEST HOME MORTGAGE NOW AND FOREVER 👇👇 https://cannect.ca/ https://cannect.ca/ https://cannect.ca/ 👇👇INVEST WITH CANNECT NOW👇👇 https://cannect.ca/mortgage-investment-corporation ✅ Averaging 8.11% returns. ✅ Nine years of established success 🎓 Learn more about how to Make Money Count: http://MakeMoneyCount.com
mbark on a captivating exploration of real estate, housing regulations, immigration, and financial policies with Tim Hudak, CEO of the Ontario Real Estate Association, in this insightful conversation. Join us as we delve into the intricate world of property ownership, discussing the hurdles faced by homeowners, the vital role of skilled trades in infrastructure development, and the profound impact of financial decisions on the housing market. Highlights:Insights from Tim Hudak: Gain invaluable perspectives from Tim Hudak, a seasoned industry expert, as he shares his insights into the evolving landscape of real estate, housing regulations, and financial policies. Explore Tim's vast knowledge and experience, offering a unique lens through which to understand the complexities of the housing market. Housing Regulations Unveiled: Delve into the regulatory challenges encountered by property owners during construction and renovation projects. Learn about the importance of streamlining these processes to facilitate development and meet the growing demands of the housing market. The Skilled Trades Dilemma: Explore the critical role of skilled trades in shaping essential infrastructure and addressing labor shortages. Join the conversation on how adjusting immigration policies could offer solutions to the ongoing challenges faced by the labor market. Financial Policies Impact: Examine the far-reaching effects of financial policies on the housing market, including discussions on mortgage insurance, interest rates, and their implications for housing affordability. Discover how these policies influence the decisions of homeowners and prospective buyers alike. Personal Anecdotes and Insights: Journey through personal anecdotes shared by Tim Hudak, offering glimpses into his unique experiences and encounters in the real estate industry. From reflections on family dynamics to encounters with public figures, Tim's stories add depth to our exploration of real estate and financial landscapes. Upcoming Real Estate Conference: Get an exclusive preview of an upcoming real estate conference featuring esteemed speakers such as Magic Johnson and Daymond John, with insights provided by Tim Hudak. Explore the key topics to be addressed and the invaluable insights to be shared, promising an enriching experience for all attendees. Join us for a thought-provoking discussion with Tim Hudak, CEO of the Ontario Real Estate Association, as we unravel the complexities of real estate, housing regulations, and financial policies. Gain valuable insights and perspectives that will empower you to navigate the ever-changing landscape of the housing market. 🔔 Subscribe for more! PODCAST: =============================== Apple: https://podcasts.apple.com/us/podcast/make-money-count/id1579718660 Spotify: https://open.spotify.com/show/60gGyKOiiN7fnKFknyFREJ iHeart Radio: https://www.iheart.com/podcast/269-make-money-count-85477969/ Podbean: https://makemoneycount.podbean.com/ SOCIAL ===============================  ♪   - TikTok: https://www.tiktok.com/@cannect.ca 👥 - FACEBOOK: https://www.facebook.com/cannecthomefinancing 🐣 - TWITTER: https://twitter.com/CannectLoans 📸 - IG: https://www.instagram.com/cannect.ca/ 💼LinkedIn: https://www.linkedin.com/company/cannect-home-financing 👇👇YOUR BEST HOME MORTGAGE NOW AND FOREVER 👇👇 https://cannect.ca/ https://cannect.ca/ https://cannect.ca/ 👇👇INVEST WITH CANNECT NOW👇👇 https://cannect.ca/mortgage-investment-corporation ✅ Averaging 8.11% returns. ✅ Nine years of established success 🎓 Learn more about how to Make Money Count: http://MakeMoneyCount.com
Welcome to our latest discussion where we dive deep into the intricacies of Canada's economic landscape, with a spotlight on the recently released Consumer Price Index (CPI) report. In this meticulously crafted analysis, we dissect the wealth of information contained within the CPI data, offering a comprehensive examination of its implications for various sectors of the economy. Join us as we navigate through the labyrinth of economic indicators, unravelling the underlying trends driving inflation in the Canadian market. From the soaring costs of shelter to the nuances of food prices, our expert panel provides invaluable insights into the factors shaping consumer spending patterns and market dynamics. But our exploration doesn't stop there. We go beyond the numbers, exploring the ripple effects of CPI fluctuations on interest rates, investment strategies, and policy decisions. With a keen eye on macroeconomic trends and market sentiment, we offer strategic foresight for investors, businesses, and policymakers alike. So, whether you're a seasoned investor, a budding economist, or simply someone keen on understanding the forces shaping Canada's economic future, join us for this enlightening discussion. Subscribe now for regular updates and in-depth analysis on all things economics and finance. Don't miss out on the opportunity to stay ahead of the curve in today's ever-evolving economic landscape.
In this episode of the Make Money Count podcast, join Marcus and Justin as they delve into the intricate world of economics and finance. With recent market fluctuations and uncertainty looming, understanding the economy's pulse has never been more crucial. Decoding Market Dynamics: Get exclusive insights into the current economic landscape as our hosts dissect recent trends and projections. Expert Analysis: Learn from seasoned financial experts as they provide valuable commentary on stock market volatility, interest rate forecasts, and the impact on various investment portfolios. Insider's Perspective: Gain a deeper understanding of how economic indicators shape market sentiment and influence decision-making for investors and homeowners alike. Tune in to Make Money Count for valuable insights, expert analysis, and actionable strategies to make your money work smarter. Don't miss out on this informative episode—hit the play button now and empower yourself with financial knowledge!
Welcome back to another episode of Make Money Count! 🎙️ Hosted by Marcus Tzaferis and produced by Cannect Home Financing, today's show is a game-changer for anyone exploring home financing options. Whether you're self-employed, facing income challenges, or have been rejected by traditional banks, we've got the insights you need. 🏡 In this episode, we delve into the world of Alternative Lenders, revealing strategies to secure the lowest mortgage rates regardless of your financial situation. Did you know that the next 20 minutes with us could save you and your family $20,000 in interest expenses this year alone? 💡 Learn how to navigate a market full of banks designed to say no to your mortgage. Marcus and Justin explore the benefits of Alternative Lenders, from credit flexibility to stated income programs and debt consolidation. Discover why these lenders might be the perfect fit for your unique circumstances. 🔑 Key Benefits Covered: - Credit Flexibility: Overcome credit challenges and secure financing with lenient requirements. - Stated Income Programs: Declare income without the strict documentation of traditional banks. - Debt Consolidation: Roll high-interest debts into a single mortgage for lower rates and simplified repayments. - Alternative Lender Credit Lines: Access your home's equity for improvements, investments, or unexpected expenses. - Duration and Considerations: Understand the implications of shorter mortgage terms and potential interest rate differences. - Equity Requirements: Learn how equity influences the cost of alternative mortgages. 🚀 Cannect's automated home finance tool surveys the entire market of Alternative Lenders, ensuring you find the best mortgage product tailored to your needs. Check it out at C-A-N-N-E-C-T.CA! 👍 Don't forget to hit subscribe, give us a thumbs up, and visit Cannect.ca for more insightful content. Your support keeps us motivated to help you make informed and savvy financial choices. 🗣️ Have questions about B Mortgages or want to share your experiences? Drop a comment below and stay tuned for more episodes. Remember, stay informed, make savvy financial choices, and always make your money count! 💰 #MakeMoneyCount #AlternativeLenders #MortgageTips
🚨 Brace yourself for a jaw-dropping revelation on the latest episode of Make Money Count! 🚨 This episode delves into the explosive aftermath of Canada's recent CPI report, unravelling the shocking truths that could impact your finances, mortgage, and the overall housing market. 📊 Join the discussion as Marcus breaks down the numbers, dissecting the unexpected rise in CPI, and its repercussions on interest rates, mortgage rates, and the price of housing. Learn how factors like gas prices, groceries, and shelter costs play a pivotal role in shaping the economic landscape. 💡 Discover the hidden challenges posed by the surge in immigration, causing a staggering 3.2% annual increase in Canada's population. Marcus uncovers the implications on infrastructure, housing demand, and the economy. Is Canada being governed with a short-term vision, and how does it compare to successful long-term strategies? 🔍 Marcus draws parallels between Canada's current economic predicament and the management principles of successful companies like Amazon. Are we sacrificing long-term prosperity for short-term gains, and what does it mean for the future of our nation? 🌐 Share your thoughts in the comments section below! Marcus wants to hear from you – is he becoming too right-wing, or is he shedding light on the critical issues our country is facing? Don't miss out on this thought-provoking episode that challenges the status quo and calls for a comprehensive, long-term game plan to secure Canada's economic future. 👍 If you find this episode enlightening, hit the like button, subscribe for more eye-opening content, and join the conversation. Your insights could shape the next episode of Make Money Count!
Join Marcus Tzaferis on the latest episode of Make Money Count as he delves into the intricate landscape of 2024 real estate dynamics. In this insightful discussion, Marcus reflects on diverse perspectives, providing a nuanced understanding of the potential scenarios that may unfold in the coming year. Beginning with his own forecast of interest rates declining in June 2024, Marcus sets the stage for a comprehensive exploration of predictions, including the bold projections from TD Bank, which anticipates a substantial 2.75% drop in the prime rate by 2025. Throughout the episode, Marcus critically examines varying viewpoints, offering viewers a well-rounded perspective on the potential market shifts. A seasoned hedge fund manager's contrarian stance challenges conventional wisdom, suggesting that the anticipated bull run on bonds may not materialize as expected. The discussion also navigates through scenarios ranging from an economic resurgence triggered by plummeting interest rates to the potential consequences of prolonged high rates leading to a crash in asset prices. Marcus provides practical advice, urging caution and strategic decision-making in this uncertain landscape. Whether you are contemplating a new home purchase or managing your mortgage, this episode offers invaluable insights to help you make informed decisions. Subscribe now and stay tuned for more episodes of Make Money Count as Marcus Tzaferis continues to unravel the complexities of the financial world.
As we bid farewell to 2023, Marcus Tzaferis brings you the last episode of "Make Money Count" for the year, brought to you by Cannect Home Financing. In this insightful podcast, Marcus delves into the intricate details of the most recent Consumer Price Index (CPI) numbers and their implications for the economic landscape in 2024. Decoding the CPI Numbers The episode kicks off with an exploration of the headline CPI for November, standing at 3.1%, slightly higher than anticipated. Marcus highlights the initial concerns and the speculation about the Bank of Canada's potential response to this figure, given the current economic climate marked by high interest rates and wary consumers. Stripping Down the CPI Marcus takes a closer look at the CPI components, isolating borrowing costs and shelter costs to reveal a more realistic picture of the economy. This nuanced analysis sets the stage for a discussion on the trajectory and expectations for interest rates in 2024. Bond Market and CDOR Analysis Drawing insights from the bond market and the CDOR market, Marcus provides a comprehensive overview of how these markets have digested the CPI information. He shares observations from the Royal Bank of Canada, reassuring that the 3.1% CPI number isn't a cause for major concern, attributing it to shelter costs and rental costs. Interest Rates: Past, Present, and Future The podcast unfolds a narrative around interest rates, highlighting their impact on consumer confidence and spending. Marcus dissects the five-year Government of Canada bond yield, emphasizing its role as a pricing mechanism for fixed-rate products. He forecasts potential rate drops in 2024 and analyzes the implications of a Bank of Canada rate adjustment. Economic Indicators and Recession Concerns As the discussion deepens, Marcus draws attention to indicators signaling a potential recession. Quoting economist David Rosenberg, he suggests that Canada might already be in a recession when stimulus factors are stripped away, emphasizing the critical role of immigration in the economy. Real Estate and Housing Market Predictions The podcast takes an interesting turn as Marcus delves into the real estate market. He sheds light on the correlation between interest rates and housing prices, predicting potential shifts in the market based on interest rate adjustments. The discussion encompasses the government's initiatives, including the recent $500 million allocation for housing in Toronto. Optimism and Wishes for 2024 Closing the episode on an optimistic note, Marcus shares his expectations for 2024, foreseeing lower interest rates. He encourages listeners to consider variable rate mortgages to leverage potential rate drops and advises caution with fixed-rate products. As the episode concludes, Marcus extends warm holiday wishes from all at Cannect, expressing hopes for a prosperous 2024. The podcast offers a comprehensive and insightful exploration of the economic tapestry, leaving listeners equipped with knowledge to navigate the uncertainties and opportunities of the coming year.
Hey Money Makers! 💰 Marcus Tzaferis is back on Make Money Count, dropping some truth bombs about the recent Bank of Canada announcement. Brace yourselves, because it's a game-changer! 📈🤯 In this episode, Marcus dissects the surprising decision to maintain the overnight rate, leaving the prime rate at a staggering 7.2%. 🏦 What does this mean for those with variable rate mortgages? Hold onto your hats! But wait, there's a twist! Bond yields are taking a nosedive, hinting at significant drops in interest rates for 2024. 📉 What's causing this shift? Marcus unravels the impact of Canadian consumer spending and confidence on our economic future. Get ready for some bold predictions as Marcus dives into the CDOR market, forecasting a potential 50 basis point drop by March and a whopping 75% chance of a 75 basis point decrease by mid-2024! 📆💹 Is the Bank of Canada playing hardball or just missing the mark? Marcus reflects on the challenges of threading the economic needle, urging for a timely shift to accommodative policies. ⏰✨ Discover the potential consequences of delayed rate adjustments on the real estate market and consumer confidence. Marcus passionately calls for action, making a direct appeal to "Hey, Tiff, cut the overnight rate 50 basis points today!" 📣✂️ Don't miss out on Marcus's insights into the complex dance between interest rates, consumer behavior, and the overall economic landscape. 🌐💡 Ready to make money count in 2024? Tune in now and join the conversation! 🎧💼 Don't forget to hit like and subscribe to stay ahead of the financial game. Your wallet will thank you!
Today, we're delving into a crucial topic – the five strategic ways to access your home equity. Join me as we explore the pros and cons of each path, empowering you to make informed financial decisions. Before we dive in, don't forget to hit subscribe and give us a thumbs up if you find this content valuable. Your support means the world to us. Now, let's get down to business. Accessing your home equity is a pivotal financial move, and understanding the nuances can save you a significant amount of money. First off, equity is the difference between your home's value and the registered debt against it. So, how can you unlock this potential financial resource? In today's episode, we'll explore five options: 1) Home Equity Loans: A quick and straightforward way to tap into your home's equity with a separate loan and interest rate. Learn about the exit strategy to reduce costs. 2) Home Equity Line of Credit (HELOC): A coveted option for those with excellent credit and income. Though challenging to qualify for, HELOCs offer flexibility with predetermined limits and fluctuating interest tied to the prime rate. 3) Mortgage Add-On: Add a new mortgage to your existing one without breaking the first mortgage. It is ideal for accessing more equity at a fixed or variable rate. 4) Blend and Extend: Blend new money with your current mortgage at a higher rate, giving credit for the old lower rate. Available to select clients at select banks, with requalification required. 5) Breaking and Refinancing: A drastic option when others are off the table. Break your existing mortgage for an entirely new one, but be cautious as it often leads to higher rates and requires income and credit qualification. Each option has its considerations and qualifications, so understanding your unique situation is key. We've also got a handy tool (check the link below) that provides real-time rates for home equity loans, guiding you toward the most cost-effective option. Please leave your comments below, and let's continue the conversation. Don't forget to hit the like button and subscribe for more insightful content. Remember, financial success is about staying informed and making choices aligned with your situation. Thanks for tuning in to Make Money Count – where your financial empowerment begins!
In the latest episode of Make Money Count with Marcus Tzaferis, we unravel the intricate relationship between Canadian bond yields and mortgage rates. Brace yourself for a jaw-dropping revelation that will change the way you perceive mortgage financing! 📉 Bond Yields Exposed: Marcus takes us back 20 years, unveiling the not-so-secret connection between government bond yields and mortgage rates. The shocking truth? It's a cat-and-mouse game where banks maximize profits at the expense of the average Canadian consumer. 🔍 Portfolio Insurance Fallout: Discover the aftermath of the Liberal government's decision to end portfolio insurance in 2016. Marcus exposes the two-tiered interest rate system, leaving us to question if the removal of portfolio insurance was truly in the best interest of Canadian taxpayers. 📊 Charts Unveiling Trends: Dive deep into the charts with Marcus as he analyzes the shifts in bond yields from July to November. The five-year fixed rate, the one-year, and the variable rate—all dissected to reveal how the banks are strategically adjusting their profit margins. 💡 Bank Tactics Exposed: Learn how banks are playing a clever game with consumers, subtly influencing their mortgage choices. From the three-year fixed rates to the one-year options, Marcus breaks down the tactics banks use to squeeze out every bit of profit. 🤔 Consumer Beware: Marcus warns Canadian consumers about the hidden motives of banks and urges them to seek unbiased advice from independent mortgage brokers. With insightful commentary on where to find reliable information, this episode empowers you to make informed decisions. 🌐 Navigating the Mortgage Maze: In a cat-and-mouse scenario between banks and consumers, Marcus provides guidance on choosing between a one-year fixed and a five-year variable. A must-watch for anyone planning to navigate the complex world of mortgages in Canada! 🔒 Portfolio Insurance Impact: If you own a home valued over $1 million with more than 20% equity, this episode exposes how the removal of portfolio insurance has significant implications for you. Don't miss the chance to gain valuable insights and leave your questions in the comments for a potential follow-up episode! 🎙️ Join Marcus Tzaferis in this eye-opening episode of Make Money Count, where financial transparency meets consumer empowerment! 🚀
Welcome back to Make Money Count! In this episode, Marcus and Justin delve into the intricacies of Canada's economy, particularly in light of the recent inflation report. To start, they comprehensively break down the Consumer Price Index (CPI) and examine its impact on inflation through mortgage rates. As the conversation unfolds, the hosts address the challenges faced by small businesses, such as the effects of rising interest rates. They also discuss the substantial role of the housing market in Canada's GDP. Additionally, they explore the intricate connections between interest rates, business challenges, and consumer spending, offering a holistic view of the economic landscape. Zooming in on the Toronto real estate market, the hosts underscore how interest rates significantly influence housing affordability. With a forward-thinking perspective, Marcus and Justin predict potential changes in interest rates, drawing insights from both the bond and CDOR markets. Join us to gain a deep understanding of economic trends impacting your finances. Don't forget to engage by liking, subscribing, and sharing your thoughts. For more captivating content, follow us on Facebook and Instagram. Tune in for invaluable insights guiding you to make well-informed decisions in the ever-evolving economic landscape.
Welcome to 'Make Money Count,' presented by Cannect Home Financing and hosted by Marcus Tzaferis. In this eye-opening episode, we dive headfirst into Canada's pressing housing crisis. As the housing affordability nightmare continues to grip the nation, all eyes are on the Conservatives and their proposed solutions. Join us as we unravel the details of the Conservative Party's plans to address Canada's housing catastrophe. Can they deliver solutions that will make a difference? This episode is fuelled by our audience's engagement and the urgent need for housing reform. We want to hear from you, so don't forget to like, subscribe, and leave a comment to share your thoughts on the Conservative Party's potential role in solving this crisis. Don't miss this crucial discussion on the state of housing in Canada. Tune in and find out if the Conservatives have what it takes to save the day.
In this episode of 'Make Money Count,' hosted by Marcus Tzaferis and presented by Cannect Home Financing, we dive into essential mortgage topics that matter to you. Whether you're facing a mortgage renewal, looking for extra cash, or simply want to stay informed about the current market, we've got you covered. We discuss the implications of low mortgage rates and how they can impact your financial decisions. Plus, we break down the probabilities of future rate movements, offering insights into what you can expect in the coming years. If you're wondering what to do with your mortgage or how to access additional capital, this episode provides valuable strategies and options to consider. Remember, when it comes to mortgages, time and information are your allies. Don't settle for your bank's limited options – explore a wider range of possibilities with the help of an independent mortgage consultant. We explore the top five ways to get money out of your home, from blending and extending your existing mortgage to the nuances of home equity lines of credit, second mortgages, and the last-resort option of breaking your current mortgage. Our goal is to empower you with the knowledge and strategies needed to make the most of your mortgage. So, tune in, like the video, subscribe to our channel, and leave your comments below to let us know what topics you'd like us to cover in future episodes. Your questions and feedback drive the content we create. Thank you for joining us on 'Make Money Count,' where we demystify the world of mortgages and help you make informed financial decisions.
Welcome to another exciting episode of Make Money Count, hosted by Marcus Tzaferis. Proudly presented by Cannect Home Financing, Toronto's premier mortgage brokerage. In this latest episode, we dive deep into the freshly issued monetary policy report from the Bank of Canada. We unpack valuable insights and updates that could significantly impact your financial decisions. In this episode, we cover: Interest Rate Developments: Discover why the Bank of Canada has pressed the pause button on interest rate hikes. Get the lowdown on the current 5% overnight rate and the 7.2% prime rate. We'll walk you through the rationale behind these decisions and explore their implications for the CDOR market. Find out what it all means for potential future rate adjustments. Jamie Dimon's Perspective: Renowned financier Jamie Dimon shares his candid thoughts on central bankers. We delve into his viewpoint and discuss its relevance in the context of monetary policy and the financial landscape. Economic Projections: The Bank of Canada's latest growth forecasts may surprise you. We'll examine their revised expectations for the Canadian economy in 2022, 2024, and 2025. Learn why these figures matter and what they reveal about the Bank's evolving outlook. Inflation Insights: Uncover the factors contributing to inflation, including corporate pricing behavior and the evolving landscape of oil prices. We'll explain how these elements are impacting consumer prices and the economy at large, shedding light on potential inflationary trends and what to watch for. Consumer Sentiment and Spending: Explore the challenges of declining consumer sentiment and spending in the face of rising debt costs. Discover how these trends can affect corporate behavior and, in turn, influence inflation trends. Interest Rate Projections: We'll break down the Bank of Canada's decision to maintain interest rates and discuss key takeaways from the monetary policy report. Understand the implications for your financial choices. Future Rate Expectations: What are the probabilities for rate changes in 2024? We'll analyze the Cedar market's responses to the Bank of Canada's decisions and discuss the likelihood of future interest rate adjustments. Mortgage Considerations: If you're in the market for a mortgage renewal, you won't want to miss our advice on variable vs. fixed rates. We'll provide insights into why staying flexible with your mortgage choice could be a smart move in the current economic climate. In this thought-provoking episode, we'll equip you with the knowledge to make informed financial decisions and navigate the ever-changing landscape of monetary policy and economic trends. Don't forget to like, comment, and subscribe to Make Money Count for more insightful content that empowers you to make the most of your finances. Thank you for joining us and stay tuned for more valuable updates in the world of finance and economics.
Welcome back to the "Make Money Count" podcast by Cannect Home Financing, Toronto's leading Mortgage Brokerage. In our latest episode, titled "Inflation Showdown: Will Interest Rates Soar or Plunge?," our host, Marcus Tzaferis, breaks down the recent inflation report and its implications for the Canadian economy and mortgage market. In this insightful episode, Marcus delves into the key details of the Stats Can report, analyzing the recent changes in the Consumer Price Index (CPI), and how it affects the Bank of Canada's interest rate decisions. With a focus on the probability of interest rate increases and their subsequent effects on the market, Marcus provides valuable insights to help you make informed decisions regarding your mortgage. Learn how stripping out components like gas, food, and mortgage interest can paint a clearer picture of Canada's inflation rate, and discover why the Bank of Canada might be looking for a "soft landing" for the economy. Marcus's analysis goes beyond the numbers to explore the implications for borrowers and real estate in Canada. If you're a homeowner, potential homebuyer, or someone interested in the economic factors affecting your financial future, this episode is a must-listen. And don't forget to like, comment, and subscribe to our channel for more informative content that helps you "Make Money Count." If you have questions or specific topics you'd like us to cover in future episodes, feel free to leave a comment, and we'll be happy to address them. Stay informed and make your financial decisions with confidence!
In this episode, we dive deep into the complex world of interest rates and their profound impact on various aspects of the economy. We discuss the current state of the market, focusing on the rising bond yields and the potential effects on your mortgage, as well as the Government of Canada's substantial debt servicing costs. Have you ever wondered how financial experts arrive at the secretive probability of interest rate changes? We demystify this process and explain how these probabilities are calculated using a specific financial instrument. Understanding this tool can help you gauge the likelihood of an interest rate hike and make informed financial decisions. One of the key takeaways is the importance of locking in a fixed-rate mortgage if your renewal is coming up, given the rapidly increasing interest rates. We discuss why this decision is crucial for Canadian homeowners and why variable rates may not be the best option in the current economic climate. We also delve into consumer confidence and spending, and how rising interest rates impact it. With startling statistics on Canadians' ability to make major loan payments, we explore the potential consequences of ongoing rate hikes on the economy and housing market. Join us in this informative discussion and get a clearer picture of the economic landscape influenced by interest rates. Remember to subscribe, like, and share to stay updated with our latest insights and analysis.
The best mortgage brokers in Toronto return with a new episode of Make Money Count! In this episode, we dive deep into the pressing issue of inflation in Canada and its far-reaching impact on the economy. Join us as we analyze the latest inflation report, discuss the three main drivers behind rising inflation, and explore the implications of higher interest rates. Join the conversation as we unpack the intricacies of Canada's economic landscape and its uncertain path forward amidst rising inflation and interest rate pressures. Don't miss this insightful discussion on the challenges facing the Bank of Canada and what it means for Canadians in these turbulent times. 🔔 Subscribe for more! PODCAST: =============================== Apple: https://podcasts.apple.com/us/podcast/make-money-count/id1579718660 Spotify: https://open.spotify.com/show/60gGyKOiiN7fnKFknyFREJ iHeart Radio: https://www.iheart.com/podcast/269-make-money-count-85477969/ Podbean: https://makemoneycount.podbean.com/ SOCIAL ===============================  ♪   - TikTok: https://www.tiktok.com/@cannect.ca 👥 - FACEBOOK: https://www.facebook.com/cannecthomefinancing 🐣 - TWITTER: https://twitter.com/CannectLoans 📸 - IG: https://www.instagram.com/cannect.ca/ 💼LinkedIn: https://www.linkedin.com/company/cannect-home-financing 👇👇YOUR BEST HOME MORTGAGE NOW AND FOREVER 👇👇 https://cannect.ca/ https://cannect.ca/ https://cannect.ca/ 👇👇INVEST WITH CANNECT NOW👇👇 https://cannect.ca/mortgage-investment-corporation ✅ Averaging 8.11% returns. ✅ Nine years of established success
Welcome back to the Make Money Count Podcast by the best mortgage brokers in Toronto, Cannect!! In today's podcast, we're delving into the intricate world of mortgage rates, the role of the Liberal Government, and what lies ahead in the Canadian real estate market. Whether you're a prospective homebuyer, current homeowner, or simply curious about how politics and finance intersect, this video is a must-watch. What's Explored in This Podcast In this enlightening discussion, we uncover: The fascinating relationship between government policies and mortgage rates. How the Liberal Government's decisions have impacted the Canadian real estate landscape. What this means for borrowers and potential homeowners. Insights into the future of mortgage rates and the real estate market. Why It's Crucial to Understand This video sheds light on the crucial link between government actions and your financial decisions, especially when it comes to buying or owning a home. By understanding the dynamics at play, you'll be better equipped to navigate the ever-changing landscape of mortgage rates. Key Dates to Keep in Mind Stay informed! We also discuss the anticipated changes in interest rates and how they might unfold in light of the Liberal Government's policies. Plus, we touch on broader economic factors that could influence the real estate market. Join us on this informative journey through the world of Canadian mortgage rates, government policies, and the future outlook. Don't forget to hit the like button, share this video with others who might find it valuable, and subscribe for more insightful content on real estate, finance, and government impact! Stay Connected With Us Questions or thoughts? Share them in the comments section of YouTube, and let's engage in a meaningful discussion. Thank you for tuning in, and get ready to uncover the crucial connections between mortgage rates, government policies, and your financial future! Subscribe for more! PODCAST: =============================== Apple - Spotify - iHeart Radio - Podbean SOCIAL: =============================== ♪ - TikTok - FACEBOOK - TWITTER - Instagram - LinkedIn
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