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Rising Interest Rates, New Mortgage Rules, and Variable vs Fixed Mortgages in Canada for 2023

Build Wealth Canada Podcast

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What's Happening in the Real Estate Market Right Now?

Cornell: It's actually a better market now to buy a home than before. The reason for that is interest rates go higher. That means that home prices come down. So you're able to, even though your mortgage payments are higher, it's offset by the lower home prices there. And also, I don't know about you, Cordell and other people, but I was a home buyer in the market before.

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