Latest / The Flow: Real Estate and Money Show
The BOC Is Trapped and Your Mortgage Pays the Price
MORTGAGE CALCULATOR: https://app.canadianmortgageapp.com/app/flowmortgageco
Canada lost 84,000 jobs in February, oil crossed $100 a barrel due to the Strait of Hormuz shutdown, and the Bank of Canada rate decision lands March 18th. All three are connected and they all hit your mortgage payment.
The BOC is stuck. Cutting rates pours fuel on oil-driven inflation. Hiking crushes an economy already shedding jobs. So they hold, and over a million Canadians renewing their mortgage this year get no relief.
If you're renewing in the next six months, start the process now, lock in an approval while…
The skinny
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