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In this week’s episode, Alex & Alex break down the latest Bank of Canada decision and what it means for your wallet. From rising fixed rates to rising credit delinquencies, we explore how Canadians are managing debt—and what’s coming next.
Here’s what you’ll learn:
- Why the Bank of Canada held the rate at 4.75% and what could trigger a cut in July
- The fixed-rate hike: what’s driving lenders to increase mortgage rates again
- 17% of first-time homebuyers missed a mortgage payment—what that says about affordability
- 1.4 million Canadians missed a credit payment in Q1—highest since 2009
- The BoC admits foreign students are displacing Canadian workers in low-skilled jobs
- Is the Canadian recession already here? Economists think so
- Desjardins warns more debt is coming—more than what we saw during the pandemic
- CMHC reveals why homeowners are really adding secondary suites (hint: it’s not for grandma)
- The downsizer dilemma: How a reverse mortgage can let seniors buy now and sell later
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