New Taxes, Interest Rates, & Unemployment  Canadian Mortgage Update! Ep.7
In this episode of Mortgage Market Minute, we dive into the recent federal budget changes in Canada, which introduce a significant tax hike on capital gains. We also assess the current stability in mortgage rates and look ahead to upcoming economic indicators that could impact the mortgage market. Join Alexander Gasenko, your trusted Canadian mortgage broker, as he explains these important updates.
In This Episode:

- New Federal Tax Changes: Capital gains over C$250,000 are now taxed at 66.7%.
- Current Mortgage Rates: Stability at 4.90% for a 3-year fixed insured mortgage.
- Future Economic Indicators: Upcoming Stats Canada unemployment data and its potential influence on the Bank of Canada's rate decisions.

Stay tuned for more updates on the Canadian mortgage market, interest rates, and economic news that could impact your decisions.
Alexander Gasenko, Mortgage Broker
DLC Maple Mortgage Group, Lic #13415

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