Qualifying for a mortgage has become increasingly difficult in Canada due to the current prime rate of 6.95%. Because of this, the landscape of real estate financing has undergone significant changes over the past 18 months.

James and Denny go over current financing numbers, and how much it is currently costing to borrow money.

This episode will focus on the bank’s current rates and discounts, variable vs fixed, future predictions for mortgages, more rate hikes or is that it? pre-approvals vs firm approvals, and lending in construction.

Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel – https://www.youtube.com/channel/UCHK2L-KswYO93195yndFAmA

Please email us at garbuttdumaspodcast@gmail.com

James Garbutt Instagram: https://www.instagram.com/jamesgarbutt Facebook: https://www.facebook.com/jamesgarbutt Website: https://jamesgarbutt.com

Denny Dumas Instagram: https://www.instagram.com/denny.dumas Facebook: https://www.facebook.com/denny.dumas.5 Website: https://www.dennydumas.com

Monica Harmse Instagram: https://www.instagram.com/monica_harmse Facebook: https://www.facebook.com/MoodyProperties.ca Website: https://moodyproperties.ca

Garbutt + Dumas Real Estate Instagram: https://www.instagram.com/garbuttdumas Facebook: https://www.facebook.com/GarbuttDumas Website: http://www.garbuttdumas.ca