$19 Billion Says Canadians Are Avoiding Variable

$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/

The Canadian Gov't just bailed out Developers (and what it means for you)

Last week Carney and Eby committed up to $3.2 billion to buy 2,200+ empty Vancouver condos and stop prices from falling. I'm a BC mortgage broker, and I walk through what the money actually does, who it helps and who gets nothing, how we've done this before, the immigration and rate cuts that really caused the glut, where prices could go through 2028, and whether you should be buying right now. 🛠️ FREE TOOLS & RESOURCES: Rate My Rate - Instant Mortgage Checkup (free, no login required) https://rate.getflowmortgage.ca [https://rate.getflowmortgage.ca] PREPARE Framework - Decide on Your Mortgage Fixed or Variable in 7 Questions https://mbp.getflowmortgage.ca/prepar [https://mbp.getflowmortgage.ca/prepar]... [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa2F2TkZzZW1URzdjRUl3LUV2SnhZMXlNdkpJd3xBQ3Jtc0tsMXA1aFk0Z1F0WEVzLVVJLVQzWE1NRTFRcDJuZVExTFl1X3o4dTdFdlVTcEZwanRkV3JJR0t0Ykc4ajJ5ekJseTFUVGZVWC1fS05lSktVUFZfUERRTzZGYVEwY1lLbThrT08tMmc1ZFhRT2dxTUJlTQ&q=https%3A%2F%2Fmbp.getflowmortgage.ca%2Fprepareframework&v=M981l8SGFw0] WealthFlow Newsletter - Weekly market data & Economic Updates https://zfrmz.com/4hiodTOpjIgqNIy7fvmM [https://zfrmz.com/4hiodTOpjIgqNIy7fvmM] 💰WORK WITH US: Book a free strategy call https://getflowmortgage.ca/contact [https://getflowmortgage.ca/contact] Flow Mortgage Co https://getflowmortgage.ca [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/sh [https://podcasters.spotify.com/pod/sh]... [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa2ZncS0zNFZkWTV0SVBSSUI0MnFXcFplWEMyUXxBQ3Jtc0ttcDhfTGhZOFpGaUtUdG1oTVNtSENqWTI3eEZuT3pDbEt4U0Y1bC02R19sM3JNcGR3clhBVjZwR1RXOVlIa25mak1fWVMwend3cHBIRkh5RHRGUFZYLWQ0Vm9yMk1veVhpTXRWZnprVHBUZkF2SVMzOA&q=https%3A%2F%2Fpodcasters.spotify.com%2Fpod%2Fshow%2Fthe-flow-show-real-estate&v=M981l8SGFw0] 🌐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:   / flowmortgageco   [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbk1JZkZ1TjAwcXZLeDNTdl9ISlR3X1hjOVZ2Z3xBQ3Jtc0tuS2NtaHpGR3pWbnlCVEVNUDVPTGhEQWFYX0JRcjFiTU0xVXJOV3diekRsd25ZVUJLQi16OVc2SnVScmdqMERhVWdpOVE0TGZXdGpYRnhRM0RvTm1wYkp3cTJ0MGx3bzBNLVd1aDQtVXNqN2F5MmFyMA&q=https%3A%2F%2Fwww.instagram.com%2Fflowmortgageco%2F&v=M981l8SGFw0] 🐶 Alex's Instagram:   / themortgagepug   [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa21zT01ycnlXQ3RJSUswNkRLeWhYWUVITkZKd3xBQ3Jtc0trZTMyMnBmb1BPUkd3YU1CWk41dHdHemJGNXBXbTBsV1YzSUp2dFNGTlVYb0xYOWxoUzlNYVV0R3hzTTZwMWhjSkhvM3JnSVpFTFlkRjVpNXNlRGp2QXJLNkd2dEhTSHlQV3REV01mRWJTSDZkVVdjdw&q=https%3A%2F%2Fwww.instagram.com%2Fthemortgagepug%2F&v=M981l8SGFw0] 0:00 The crash that just got cancelled 2:10 What's happening in Vancouver right now 4:00 Why it actually happened 6:00 What the $3.2B does 7:15 What "affordable" even means 9:15 We've done this before 11:15 Rates and the bigger picture 13:00 What it means for the future 15:00 Should you buy?

1 in 10 mortgages stuck

Some Canadian homeowners are about to hit a mortgage renewal problem they did not see coming. They made their payments. They did nothing wrong. But their home value dropped. And now, when their mortgage comes up for renewal, they may not have enough equity to refinance, switch lenders, or restructure their debt. In this episode, I break down the difference between a renewal, a refinance, and a switch, because they are not the same thing. I also explain why some homeowners may be stuck taking whatever their current lender offers, even if the rate is not competitive. We cover: Why falling home values can remove mortgage options The difference between renewing, refinancing, and switching lenders Why insured mortgages may still have more flexibility How banks handle renewal offers Why starting early matters What this could mean for the housing market What homeowners should do before signing a renewal The big lesson: your renewal is not just about finding the lowest rate. It is about understanding your options before they disappear. If your mortgage is coming up for renewal, or you are worried about equity, debt, or cash flow, this episode will help you understand what to look at before making a decision. Follow me @themortgagepug [instagram.com/themortgagepug]

Could Trump’s Ceasefire Lower Canadian Mortgage Rates?

Last week Trump looked at 4.2% American inflation and said he loves it. Days later the war he blamed for it started to end and oil dropped. Both halves of that reach your Canadian mortgage. Alex walks the whole chain: why a president's celebrating inflation is reckless when the U.S. spends about a trillion dollars a year just on debt interest, how the breaking US-Iran deal pulled the war premium out of oil, why cheaper oil could ease bond yields and your fixed rate,the catch for Canada as an oil producer, and where the Bank of Canada fits. This is breaking news, so the deal is treated as announced and fragile, with the signing set for June 19. 🛠️ FREE TOOLS & RESOURCES:PREPARE Framework - Decide on Your Mortgage Fixed or Variable in 7 Questionshttps://mbp.getflowmortgage.ca/prepar... [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbVViUGlMaWNiYXA5LVRNQUo1Uy1oTXRhVlRfUXxBQ3Jtc0tsNkh2cm9MZmYzMUFxa2g5ejA5MXlrbXcweHpxcjRadFU2QjV1X0c0WEFzNGNpemlEOUlYR1J4OUZlX3EwZXlBVXEwMTJfb3lwWDVDZjNzYnNzbXNKMzZtQTVidHJUOWltbWxPaF9zdGFiczdMbTlwTQ&q=https%3A%2F%2Fmbp.getflowmortgage.ca%2Fprepareframework&v=iO8r2VXYh24]WealthFlow Newsletter - Weekly market data & Economic Updateshttps://zfrmz.com/4hiodTOpjIgqNIy7fvmM [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbjFXeFlkdFpaOUw1SmMxZUk2Z3BHVXA4ZldtUXxBQ3Jtc0trLTJLMVRraWVnWnBoVFM4d2xiNVFLSUlIMmtHYjQwdGxuUGVGbHIxZFd4NTRzUHY0NVAzc3Z5cGRDZUlNb2pSUzd5UU14Q0hfTnlwZ0RPSFJUOElJQTktS0MxakZMYXUycGloaUVzQkJlQ1BtSGlUVQ&q=https%3A%2F%2Fzfrmz.com%2F4hiodTOpjIgqNIy7fvmM&v=iO8r2VXYh24]💰WORK WITH US:Book a free strategy callhttps://getflowmortgage.ca/contact [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbGtGMG5rTFltUW5VLTZwZDJtV3B6ZTEyYmpsQXxBQ3Jtc0tsY2VFU0N4NGh3QmY2cDV6NjBzUl9OMHhLdU1OaG4xXzFoT0h3U2MtdzQzalc4enRvVk8teXp1YjAzQmFVQnp0MFE0OV93eUlmeHY4ODhlbEdjdEljWnJJaDA5NE9sdWxVVVZjM05NVURUYjhMbS1KTQ&q=https%3A%2F%2Fgetflowmortgage.ca%2Fcontact&v=iO8r2VXYh24]Flow Mortgage Co https://getflowmortgage.ca [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbWRpd3hKTkhOaUNmaGNGYnl1Y2ZKTlNsQWg4UXxBQ3Jtc0ttcXNtR1BxUkNiWE1SdjYyR1pIckZRdUQ5eXQ5NU83VkQ2SHBxdUNHNHFqNkM1R0pBaFVnU2dVOXlITmZSZDJVVnJwWk5NdVlYaVlNaXFCaVhNMThlUDhGdUlYbV80RDhiZTUtNEJweVVadU5SRXkzVQ&q=https%3A%2F%2Fgetflowmortgage.ca%2F&v=iO8r2VXYh24] 🌊🌊🌊🎙️ 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/sh... [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbGsxRlh4cTNDVU1wR0NUMFhvdjZxNWVVMnB6QXxBQ3Jtc0tsLS1TODRZM1hnVF9PRW52c1dqTGdvX2JVWUd0a19mbE1xZ2xJRXNFc1NTeWtJOFdUTHZTWUhuV081cUNWOF9YemFiX0xaa1F2WHhLZ0VVOG5ob2RaVG5aRWh6RFFpc1lENGg3azBIVkJsX1p0TnlSYw&q=https%3A%2F%2Fpodcasters.spotify.com%2Fpod%2Fshow%2Fthe-flow-show-real-estate&v=iO8r2VXYh24]🌐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:   / flowmortgageco   [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbFAtc3RvTW0wMUNtcUw4Nm1yZ0FBcnc5OTB4d3xBQ3Jtc0trRUNzVEV1N1hZZk1rLUpZeHBWcWRnbnRHX3ZzRHYyS19jOThYbjdWNmFIZVVjQjY0LXRzWkhkRDZ6SVB2dFJPRnVlVUxWSl9OenVhNXljZzhZdVozNjZIQllQNHpfT1RmVnhTS3VXa1dIbWhndk9Gaw&q=https%3A%2F%2Fwww.instagram.com%2Fflowmortgageco%2F&v=iO8r2VXYh24]🐶 Alex's Instagram:   / themortgagepug   [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa252SHZCYTNUd2hrejVTXzdiZmsyM0JLcWFyZ3xBQ3Jtc0ttOG9xTDhySDNKcEdkbHVqZW5RZ3RaU2pCY2VzejlFNnkwZDQ2U09LRFFNendFdjIwY1NyNmVTU2otNDJnS2dRc0FxaS1tVjVlUmJIZ2JFZWZSSXZIMTVFRm93alJRMEdZVWlHXzN1Xy1kSm05UjNXOA&q=https%3A%2F%2Fwww.instagram.com%2Fthemortgagepug%2F&v=iO8r2VXYh24] 0:00 The four words a president should never say 0:35 Why they're reckless, the trillion-dollar debt 2:15 The pattern, bigger than one quote 3:30 His defence, and the twist that just landed 5:00 The breaking US-Iran deal 6:45 Why cheaper oil reaches your mortgage 8:15 The Canadian catch, we're an oil producer 9:45 Timing, and the housing market 11:00 Both ropes pulling on your rate 12:45 What to do and what's next