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.
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