Vancouver Real Estate Podcast
VREP #401 | Mortgage Pain & the Canadian Lending Landscape with Andy Hill
Dec 15, 2023
Expert on Canadian mortgage market, Andy Hill, discusses the challenges of obtaining financing, the changing landscape of the mortgage market, and the current state of the Canadian lending landscape. They also touch on market opportunities and strategies for finding good deals in any market. Casual conversation includes recommendations for wood barrel style saunas and DJ mixes.
56:57
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Quick takeaways
- The mortgage market in Canada faced challenges in 2023, including high interest rates, a stress test, and new rules, making it difficult for homebuyers to qualify.
- RateFilter.ca can help homebuyers compare mortgage options and navigate the complicated mortgage landscape, providing opportunities in the real estate market.
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Summary of the Podcast Episode
The podcast episode features an interview with Andy Hill, co-founder of ratefilter.ca, who provides insights into the current state of the mortgage market. The discussion covers topics such as trouble getting financing in 2023, optimism for 2024, strategies for navigating difficult situations, opportunities in the real estate market, and the benefits of using ratefilter.ca to compare mortgage options. The conversation also touches on the importance of adapting to changing market conditions and the potential impact of factors like inflation and demographic shifts. Overall, the episode offers valuable insights and perspectives for both prospective homebuyers and current homeowners.
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