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Is This the Start of More Rate Cuts for Canada?
Manage episode 507374243 series 2965970
The Bank of Canada just cut its overnight rate by 25 basis points, bringing it to 2.5%. But what does this mean for your mortgage, housing prices, and the Canadian economy? In this episode, Marcus breaks down:
- Why did the U.S. and Canada cut rates on the same day
- What’s really happening with inflation and the labor market
- Why variable mortgages may now be the smarter move
- How fixed rates, penalties, and bond yields fit into the picture
Listen now to understand whether you should stick with fixed, switch to variable, or refinance your mortgage.
101 episodes
Manage episode 507374243 series 2965970
The Bank of Canada just cut its overnight rate by 25 basis points, bringing it to 2.5%. But what does this mean for your mortgage, housing prices, and the Canadian economy? In this episode, Marcus breaks down:
- Why did the U.S. and Canada cut rates on the same day
- What’s really happening with inflation and the labor market
- Why variable mortgages may now be the smarter move
- How fixed rates, penalties, and bond yields fit into the picture
Listen now to understand whether you should stick with fixed, switch to variable, or refinance your mortgage.
101 episodes
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