Description

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.