Best Financial Advisors in Waterdown, ON

The Immediate Future of Housing and Mortgages in Hamilton, Ontario As a mortgage broker in Hamilton, Ontario, my work history has brought me many interesting experiences in the finance industry. I have endured several recessions and periods of euphoria, where interest rates were between 1% and 2%. I have also made errors predicting where we might be headed. It remains unknown to me what the government’s response will be regarding providing liquidity to keep mortgage rates artificially low. In the early 90s, the competent replaced the incompetent. It sounds harsh, but if a couple both lost their jobs, a new couple would purchase the home. In the long run, this is beneficial for everyone. Although I digress, I hope to offer you clues on what could happen in the near future and how to be prepared for your mortgage needs in Hamilton, Ontario. Last month we heard inflation is coming down, and that’s good. It also means the Bank of Canada may lower rates this month. That is excellent news because it means variable mortgage rates will be lowered. So far, all positive for homeowners and those looking for mortgages in Hamilton. However, it also means the economy is…