E395 – Current & Critical – Kent Chapman, Navigating the Mortgage Landscape
“One of the factors that comes into play [with inflation] is that how are people affording this? [There’s] this vicious circle that people are not willing to give up their lifestyle and will access credit to maintain it.”
With housing costs soaring and interest rates hovering at record highs, buying a home in Canada can be a complex and intimidating process, particularly for first-time or out-of-province buyers. Kent shares his predictions on when rates will come down and the impact of mortgage rates on the economy and businesses. He also explores the hidden aspects of mortgages, such as penalties for breaking one or interest penalties. Whether you’re a current homeowner or hoping to become one soon, this episode will provide you with the expert advice you need to make an informed decision.