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Navigating 2024: A Financial Recap and What Lies Ahead

Navigating 2024: A Financial Recap and What Lies Ahead

Alex McFadyen
January 3, 2024

Reflecting on the Rollercoaster Ride of 2023

Well, 2023 was a doozy, no doubt about it. Financial hits, personal and professional challenges – it threw us all for a loop. But hey, let's not forget the silver lining in the chaos.

Gratitude for Your Trust in Flow

First and foremost, Chewy here is more pumped than ever to be part of the Flow family. Huge thanks to the hundreds of folks who let us guide them toward smarter financial decisions and Mastering Your Mortgage in 2024. It means the world to us.

The 2023 Financial Landscape: Turbulence and Twists

“The BOC increased interest rates multiple times…” That hit hard, especially for those with variable rate mortgages. We heard you loud and clear; it was far from ideal, causing stress for many families.

“BC government made massive changes…” Lot designations, basement suite programs – the landscape shifted. By explaining how Riding the Wave: Navigating Soaring Rental Rates in Canada may have helped. What happens in 2024? Buckle up; it's going to be interesting.

“Huge Onslaught into Airbnb properties…” Almost wiped out in towns, and the federal government? They killed the Airbnb expense write-offs. 2024, we're eyeing you cautiously.

Glimpses of Stability on the Horizon

Looking ahead, predictions suggest a bit of stability. Interest rates might drop by 1 to 1.2%, a relief for families and those renewing mortgages. If your mortgage is up soon, early planning is the key to avoiding payment shock. Also, A Guide to Predict the Future of Your Mortgage

Team Flow's Commitment to Growth

Professionally and personally, Team Flow is gearing up for a stellar 2024. We're committed to growing and improving, ensuring you get the best advice and resources. If you're eyeing a move, investment, or capitalizing on a shifting market, we've got your back.

Your Future, Our Priority

As we bid farewell to 2023, remember, we're here for you. Reach out if you're contemplating a move into 2024. Let's navigate this together, ensuring your financial ship sails smoothly. Merry Christmas, happy holidays, and here's to an exciting 2024 – we can't wait to chat with you soon!

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