In this episode of Mortgagenomics Canada, I break down five stories from this past week that could move your interest rate or the value of your home. We cover why bond yields are driving fixed rates higher ahead of the October 28 Bank of Canada announcement, where variable and fixed rates sit today, and what CREA's latest numbers say about the Canadian housing market, including the big drops in Victoria, Vancouver and Toronto.
We also look at Alberta's referendum day and its cooling real estate market, why hot U.S. inflation matters for your Canadian mortgage, and the "K-shaped economy" squeezing highly leveraged homeowners heading into mortgage renewals. If you're renewing in the next six to twelve months, this one is for you.
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