Welcome to the (very first) Mortgagenomics Weekly Wrap-Up. I break down the biggest economic, market and housing headlines and connect each one to your mortgage rate. This week: the September jobs report, the falling loonie and what it means for Alberta, why bond yields are pushing fixed rates higher, the odds of a Bank of Canada rate hike on October 28, the B.C. election tax debate, and the end of the federal foreign buyer ban.
We finish with the Mortgagenomics Scoreboard of home prices and rates, plus a sobering look at Canada's record-low fertility rate and what it takes to afford a family home in Vancouver.
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