Will the Bank of Canada Raise Rates Next?

The 30-Year Mortgage "Trap" Is a Lie (I Ran the Numbers)

Everyone online says a 30-year mortgage is a trap that costs you an extra $73,000. I sit with clients on this every single week, and on its own that number is close to useless. This is what the clickbait leaves out. On a $500,000 mortgage, going from a 25-year to a 30-year amortization does add about $73,000 in interest. That part is true. But in today's dollars it's closer to $48,000, more than half of it lands after year 20, and almost nobody keeps a mortgage the full 30 years anyway. A 30-year sets a minimum payment, not a 30-year sentence, and used the right way it's a wealth tool. In this one I break down the real math the trap posts skip, the two false assumptions it's built on, a real client who went back to 30 on purpose and freed up $950 a month, and who should actually take the 30 (and who definitely shouldn't). Follow me instagram.com/themortgagepug

Will the Bank of Canada Raise Rates Next?

The Bank of Canada held rates again.In this video, I break down why the Bank of Canada’s July 15th rate hold may not bring the relief many Canadians were hoping for, especially if your mortgage is renewing in 2026.I covered:Why the Bank of Canada held rates againWhy inflation at 3.2% mattersWhy gas and oil prices are complicating the dataWhy fixed rates are not controlled directly by the Bank of CanadaHow US inflation and the Fed can affect Canadian mortgage ratesWhy 2026 renewals are still a major riskWhy waiting for lower rates may not save you moneyWhat homeowners should do before their renewal dateComment BOC and I’ll send you the Bank of Canada decision playbook.------🛠️ FREE TOOLS & RESOURCES:Rate My Rate - Instant Mortgage Checkup (free, no login required)https://rate.getflowmortgage.caPREPARE Framework - Decide on Your Mortgage Fixed or Variable in 7 Questionshttps://mbp.getflowmortgage.ca/prepareframeworkWealthFlow Newsletter - Weekly market data & Economic Updateshttps://zfrmz.com/4hiodTOpjIgqNIy7fvmM💰WORK WITH US:Book a free strategy callhttps://getflowmortgage.ca/contactFlow Mortgage Co https://getflowmortgage.ca 🌊🌊🌊🎙️ Make sure to check out our brand new podcast, "The Flow: Real Estate & Money Show" wherever you listen to podcasts. https://podcasters.spotify.com/pod/show/the-flow-show-real-estate🌐If this content lights a bulb for you, give us a like, share, and make sure you're subscribed to Flow Mortgage Co. 🌊🌊🌊For daily content make sure to follow us on social media!🌊 Flow Instagram: https://www.instagram.com/flowmortgageco/🐶 Alex's Instagram: https://www.instagram.com/themortgagepug/

$1 Trillion Dollars being stolen by Boomers

A trillion dollars will transfer from boomers to heirs between 2023-2026. Half of Canada's household wealth is held by boomers. Reverse mortgage volumes are increasing fivefold year over year. 31% of first-time homebuyers receive family help, with an average gift of $115,000. Parents can help their kids buy homes through gifts, co-signing, or reverse mortgages. Instagram - https://www.instagram.com/themortgageplug LinkedIn - https://www.linkedin.com/in/alexmcfadyen

$19 Billion Says Canadians Are Avoiding Variable

Fixed rates just caught up to variable. On today's rate sheets they're only 15-35 basis points apart. Alex breaks down why fixed and variable mortgage rates actually move for completely different reasons, what real StatCan data says about how Canadians have been choosing between them for the past two years, and the exact 4-step math to figure out which one is right for your file. Free Fixed or Variable PREPARE quiz: studio.getflowmortgage.ca/quiz Follow me: www.instagram.com/themortgagepug

$3.2B Condo Bailout Just Got Worse (they lied to us)

🚨 Does anyone actually know where the $3.2 billion in taxpayer money is going? 🤔 Tag someone who’s confused about the government’s latest housing plan! Two weeks in, and the silence is deafening. The government announced a buyout of 2,200 empty condos, but the details? Still in the dark. 💰 Only $300 million in actual government funding? The rest? It’s all loans and financing that leaves us wondering who benefits. If you’re in the market, these decisions could impact your equity and options. We deserve transparency on how this affects real buyers! What’s your take on all this? 🛠️ FREE TOOLS & RESOURCES:Rate My Rate - Instant Mortgage Checkup (free, no login required)https://rate.getflowmortgage.caPREPARE Framework - Decide on Your Mortgage Fixed or Variable in 7 Questionshttps://mbp.getflowmortgage.ca/prepareframeworkWealthFlow Newsletter - Weekly market data & Economic Updateshttps://zfrmz.com/4hiodTOpjIgqNIy7fvmM💰WORK WITH US:Book a free strategy callhttps://getflowmortgage.ca/contactFlow Mortgage Co https://getflowmortgage.ca 🌊🌊🌊🎙️ Make sure to check out our brand new podcast, "The Flow: Real Estate & Money Show" wherever you listen to podcasts. https://podcasters.spotify.com/pod/show/the-flow-show-real-estate🌐If this content lights a bulb for you, give us a like, share, and make sure you're subscribed to Flow Mortgage Co. 🌊🌊🌊For daily content make sure to follow us on social media!🌊 Flow Instagram: https://www.instagram.com/flowmortgageco/🐶 Alex's Instagram: https://www.instagram.com/themortgagepug/