29 year Mortgage Broker. Experienced expert on all mortgage programs to save you money. Over $1 Billion funded. Husband, father, friend & #Canucks fan for life.
Mortgage Rate Alert
- 5 yr CDN bonds now at highest level since July 2024
- Oil prices & Inflation pressures causing fixed rate mortgages to rise
- How long can the Bank of Canada hold off raising their rate?
A government moving to control speech once they have power, should concern and alarm every Canadian. This is straight out of the fascism handbook. History has provided all the warning we need.
While no one is paying attention, the Liberals are slowly but calculatively implementing authoritarian control in Canada with a number of Bills and changes:
> digital data collection and backdoor access from digital service providers and tech companies (Bill-C22).
> expansion of what mail law enforcement can search through and seize (SEU).
> Digital Credentials and ID.
> Systematic Biometric Collection.
> "Pre-emptive" Penalties that allows judges impose a "peace bond" or house arrest on individuals if there are reasonable grounds to fear they might commit a hate crime in the future (Bill-C63).
> Government regulated and controlled AI.
> More social media controls expected.
None of these work independently. They all tightening different parts of the rope, working together.
What's alarming is that some of these measures have been voted down before but the Liberals repackage them under new amendments and Bills and implement them.
The difference now is that they have a majority and can proceed with whatever they want.
@Canucks John was the best colour commentator in the biz. A legend in Vancouver. Huge loss. Condolences to his entire family. Thank you for sharing him with us hockey fans.
Announced on the same day that Canada posted the largest decline in full-time employment since Apr 2020 and when youth unemployment hit 14%.
If you're a young person who feels like this government is trying to screw you, trust your instincts
@MarkJCarney@LenaMetlegeDiab
Some nice news for Variable Rate mortgage borrowers today as the Bank of Canada did the expected and dropped their rate .25%. This will help with affordability, mortgage qualifying and consumer confidence.
Many economists were forecasting a rate cut today by the Bank of Canada, but they held firm and didn't change. The words sprinkled throughout today's announcement:
Uncertainty, unpredictability, volatility & cautious.
They keep their powder dry for another day...
We got a .25% drop in Bank of Canada today. 7th consecutive drop. There will now be a 4.95% Prime rate. Very nice rates in variable today. Welcome additional relief for borrowers to lower interest costs.
If you think Tariffs will cause Canadian mortgage rates to drop you are correct. Recent 5 yr Canada bond yields indicate market is anticipating lowering rates. Stay tuned...
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.50% Drop in Bank of Canada Rate this morning
Prime should drop to 5.45%.
Huge help for everyone in Variable Rate Mortgages, and Lines of Credit.
Economy showing lots of pain points, and we need lower rates.
Expect another cut in January and more in 2025
https://t.co/yQpDqIG0J4