Will the Bank of Canada Rate Cut Help Mortgages? (Some Yes, Some No)

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In this episode, we look at how the Bank of Canada's latest rate cut impacts Canadians with variable and fixed-rate home loans. While the rate drop offers relief for some, professionals say it might take further decreases to considerably impact the real estate market, especially in pricey cities like Toronto and Vancouver.

Also in this episode:

Air Canada pilots are used a 30% pay raise, however will it suffice to prevent a strike?
U.S. job openings struck a 3.5-year low, stimulating issues about the strength of the task market.
U.S. Steel shares plunge as the White Home considers blocking a $14.9 billion sale to Nippon Steel.

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Will the Bank of Canada Rate Cut Help Mortgages? (Some Yes, Some No)

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8 Comments

  1. My 1.9% mortgage runs out in 17 months…I’ll start worrying in 10 months, I guess. it seems like rates come down, prices go up and when rates go up prices come down…I’m probably wrong but it seems either way you kinda pay the same, just to either the bank or the seller? There’s probably more to it than that, though.

    1. Prices are also driven up recently by the lack of available homes VS growing population/immigration… If Trudeau could actually build more homes, prices would also go down

  2. The problem with giving air Canada pilots more money,is that air Canada doesn’t make any money! In fact they’re more unprofitable than profitable. If that company wasn’t bailed out by consecutive governments over the years,it wouldn’t exist. Comparing American Airlines pilots to air Canada pilots is ridiculous. Saying that a company that makes huge profits in a huge market (American Airlines) is comparable to a bush league,bloated,underperforming company like air Canada ….? Umm…ok…I guess….😬

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