Welcome back to The Real Deal Pod with Allister and Geoff! In lucky episode number 13, we dive deep into the dynamic world of interest rates and real estate market trends. Join us as we discuss the recent Bank of Canada rate cuts, what they mean for fixed and variable mortgage rates, and how these shifts are influencing the real estate market. Geoff shares his personal experience with the Valley Fondo, while Allister recounts a delightful weekend date at a local gem, Haven.

We also tackle crucial conversations around the 50 basis point rule, offering practical advice for choosing between fixed and variable rates in this fluctuating market. Tune in for insights on how economic changes within our borders can impact your mortgage decisions and why now might be the perfect time to jump into the real estate market.

Whether you're a seasoned homeowner, a first-time buyer, or just interested in the latest market trends, this episode is packed with valuable nuggets to help you navigate your real estate journey. Don’t miss out on our expert tips and personal anecdotes designed to empower, advise, and represent your interests in the ever-changing real estate and mortgage landscape.

Highlights:

• Geoff's 120-kilometer Valley Fondo adventure
• Allister's charming weekend date at Haven
• In-depth discussion on fixed vs. variable mortgage rates
• Impact of recent Bank of Canada rate cuts
• Predictions on future market trends and rates
• Practical advice for buyers in the current market

Tune in, stay informed, and let us guide you through the twists and turns of the real estate world with empathy, expertise, and a touch of humor. Happy listening!