Every mortgage renewal in Canada right now feels like a coin flip — do you lock in for safety or ride the variable and hope rates keep falling. Here’s the truth no one’s telling you: there’s no one-size-fits-all answer. What works for one family could sink another. That’s why strategy matters more than headlines. ]'After eight Bank of Canada rate cuts since 2024, some people are celebrating… but for hundreds of thousands of Canadians, the reality is brutal — renewals at double or triple their...
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Every mortgage renewal in Canada right now feels like a coin flip — do you lock in for safety or ride the variable and hope rates keep falling. Here’s the truth no one’s telling you: there’s no one-size-fits-all answer. What works for one family could sink another. That’s why strategy matters more than headlines. ]'After eight Bank of Canada rate cuts since 2024, some people are celebrating… but for hundreds of thousands of Canadians, the reality is brutal — renewals at double or triple their...
Don't Expect Rates to Drop... Bank of Canada Holding Firm! #Inflation
The Wise Old Owl Podcast
6 minutes
3 months ago
Don't Expect Rates to Drop... Bank of Canada Holding Firm! #Inflation
Canada, brace yourself. The Bank of Canada is not cutting interest rates anytime soon — and if you’ve got a mortgage coming up for renewal, the pain is just beginning. Inflation remains stubborn, summer job income is fuelling unnecessary spending, and rate relief is nowhere in sight. This week, Vince breaks down why the Bank of Canada is stuck, how this high interest rate environment is crushing homeowners, small businesses, and the real estate market, and what you can expect in the months ah...
The Wise Old Owl Podcast
Every mortgage renewal in Canada right now feels like a coin flip — do you lock in for safety or ride the variable and hope rates keep falling. Here’s the truth no one’s telling you: there’s no one-size-fits-all answer. What works for one family could sink another. That’s why strategy matters more than headlines. ]'After eight Bank of Canada rate cuts since 2024, some people are celebrating… but for hundreds of thousands of Canadians, the reality is brutal — renewals at double or triple their...
