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Greetings everyone and welcome to my padlet. In this padlet, you will find informative video's, websites, and images related to Mortgage rates. I will also be covering how inflation has impacted the Canadian economy. My goal is to provide you with a comprehensive understanding of my topic and I hope this padlet serves as a valuable learning tool and provide insight for the future

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This image is a great representation of what I want to talk about and gives a very basic and helpful insight into factors that affect mortgage rates. Mortgage rates can fluctuate depending on numerous factors it's important to consider these factors when looking at a mortgage.

I chose this image because it caught my eye and stood out. I liked how it included inflation and economic growth because those are the other two topics I'm going to talk about

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This image relates to my topic immensely because it goes in-depth about what makes up a high or low mortgage rate. It serves as a guide to when you should look into buying a home.

I chose this image because I found it to be incredibly useful. It provides further insight on what factors determine a high or low interest rate as I touched base on from image one. I love the overall design of the image I find it to be simple and easily comprehendible

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This website goes in-depth about how Inflation affects your mortgage. It talks about what inflation is and the downsides of how it can affect your overall livelihood. It goes into further detail about how inflation directly affects your mortgage and how it causes mortgage rates to increase. It also provides valuable tips on how you can minimize the effects inflation has on your mortgage.

I chose this website because I found it to be incredibly useful. It's important to be aware of what can affect your mortgage and how drastically it can change it. I like how thorough this website went into Inflation because it's a topic that I'm aware off but I have no knowledge about. One thing that I liked about this website was although it was very factual it made comparisons to real-life scenarios so for me it was easier to follow along.

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How Inflation Affects Your Mortgage - Loans Canada

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The rapidly rising inflation rates are not only affecting food prices but mortgage interest rates as well. Find out how inflation may affect your mortgage.

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This website covers the length of time you can commit to a mortgage and explains what a mortgage rate is. It goes into detail on the current mortgage rates In Canada and the factors there associated to. It compares mortgage rates In Canada compared to other countries. It explains the difference of fixed vs variable-rate mortgages and their pros and cons. They also outline steps on how to qualify for a mortgage in Canada.

I chose this website because I wanted to drive deeper to what a mortgage really is. I also wanted to see how it was described from a Canadian company perspective. One thing I liked about this website is how it compared Canada's mortgage rates to other countries, this is the first website I have seen to have done this. I thought this was unique and I was curious to see how well or not well we are doing as a country

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Understanding Mortgage Rates And Terms | Enrich Mortgage

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Discover the ins and outs of Mortgage Rates and Terms with our guide. Get the knowledge you need to make informed decisions about your home financing.

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This website describes the economic challenges that Canada is facing. It explains the hardship of struggling households as well as individuals. It expands on the housing market and outlines one of Canada's biggest issues which is rising unemployment.

I chose this website because this is something that needs to be brought to our attention more and is incredibly sad. With the increased inflation and high housing market, Canada's economy is growing at a substantial rate. The problem is the cost of living is too high and there is a massive unemployment surge within our country. Which has led to many Individuals and families to struggle financially. I like that this website brought up this issue because it's something that isn't addressed enough

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Housing and Mortgage Rates – A Macroeconomic Outlook

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Canada’s Economic Headwinds Persist While Canada may not be technically in a recession, the economic reality for many Canadians feels like one. Declining per-capita income and rising unemployment rates have left individuals and households struggling. Despite recent interest rate cuts…

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This website brings to light how Inflation is directly affecting Canadians. It explains how Canadians were first impacted by the rising food prices, then as inflation grew, it started to affect day-to-day lifestyles and the ability to afford rent and housing.

I chose this website because although that article was posted roughly a year ago Inflation is still affecting us today therefore it's relevant for my topic, I also chose this website because of its expert analysis and trustworthiness and its reliable information regarding percentages and factual information. One thing I liked about this website was the amount of statistics they provided and how it related to before and after the pandemic

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A snapshot of how inflation is affecting Canadians - Statistics Canada

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Canadians are feeling the sting of rising prices, especially lower income Canadians. A new report highlights how inflation is affecting the Canadian economy and families.

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This video provides a comprehensive overview of fixed and variable mortgage rates. This Canadian YouTuber talks about the misconceptions of these rates and breaks down both of them. He explains steps that a person should take when choosing between a fixed and variable rate. He talks about choosing less popular banks for better rates and more flexible mortgages.

I chose this YouTuber because he was a Canadian. It is ideal for individuals to learn about which mortgage rate is best for them and really understand what they are getting into and who to trust. I personally liked his YouTube video because he talked about the misconceptions regarding both rates. For me this video stood out and provided me with valuable information for my future

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Fixed Rate vs. Variable Rate Mortgages Canada | What No One Tells You

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This video gives a comprehensive look in Canada's consumer price index, showing the rate of inflation falling to 1.6 percent currently as of September 2024. This video highlights Inflation trends, Interest rate implications, and Impact on mortgages.

I chose this video because this is the first video I saw that showcased Canada's rate of Inflation decreasing. I thought it was interesting because I thought that Inflation was just going to continue to Increase. I found this video to be really informative and extremely beneficial for my topic

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Anthony Venuto | InTouch Mortgage Solutions  

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CPI Inflation DROPS to 1.6%! Will BoC Cut Rates Faster? | Is It Time To Take A Variable Mortgages?

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This video covers how housing cost and mortgage payments drive up Canada's inflation and affect the overall livelihood of Canadians. It explains when housing-related expenses rise, it directly correlates with Inflation. This video also describes why rent and mortgage cost have continued to increase.

I chose this video because affording housing and paying for rent is one of the biggest challenges in Canada today. Inflation has driven up prices for everything. I thought this video was incredibly helpful to me because I graduate next year and will be looking to get my own place. I like how this video mainly focused on the housing market because this has been one of the primary problems in Canada

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Why mortgage and rent costs drove inflation up in Canada

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This video explains the economic stress Inflation has on Canadians. This video covers increasing mortgage debt and high rental prices. This video also talks about the demand for more rental properties as the cost of living is to expensive. This video also talks about policy rules that might be implemented such as increasing housing supply and being in control of rent.

I chose this video because although it was similar to Video # 3 this video outlined policies that might be put in place to put pressure on inflation. I liked this video because It's the only one I watched that addressed policies in the future. As a viewer I hope these polices become a reality because this would solve a lot of problems for Canadians

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Mortgage debt, high rent behind latest rise of inflation

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1. What did you learn about your topic that surprised you the most?

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1. What did you learn about your topic that surprised you the most?

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Honestly, what surprised me most was the effect Inflation has had on the Canadian economy. Even though it's not as bad today what Inflation has caused is shocking to me. prices everywhere have gone up, there's a housing crisis, and rent is too expensive. Canadians just cant afford to live and it's affected day-to-day living to a point its going to take awhile for Canada to recover.

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2. Provide a real-life example of how this topic is relevant or interesting for you 

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2. Provide a real-life example of how this topic is relevant or interesting for you 

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A real-life example of this topic for me would be moving from place to place over the last couple of years because of the price of rent. I have come to realize the financial hardship and stress this has put on my family, and now, after researching it, I know exactly how my parents feel.

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3. If you could pass on your knowledge to a family member or friend, what do you think is the most important thing to pass on?

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3. If you could pass on your knowledge to a family member or friend, what do you think is the most important thing to pass on?

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I think the most important thing to pass on would be how inflation has affected housing and rent prices and I would say this to my friend because he has recently been mentioning to me that he is looking to move out and rent his own apartment.