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Brent Richardson
Principal Mortgage Broker/ Owner (Lic. # M08006143), Certified Financial Planner (CFP) Altrua Financial Inc. Lic. #13005
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Ground Level Updates on Mortgages and the Housing Market, before it hits the news
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Unemployment in 🇨🇦 rose to a 6 month high in April of 6.9% with the economy losing 18k jobs
Analysts had predicted a net gain of 15,000 jobs and an unemployment rate of 6.7%
Bond yields dropped easing pressure on fixed mortgage rates, as expectations fell to 1 BoC hike in 2026
Bond yields spiked Monday as oil production facilities suffered strikes, adding significant upward rate pressure
If bond yields hold at current levels, further fixed rate increases of 0.10 - 0.20% are likely
Market odds of a BoC hike in Jun are 15%, and have hit 50% for Jul
Cleanup in aisle 3....
$GIS $KHC $CPB
What a mess...
But these 7% dividend payers are safe, and will still be here in 25 years...
Not advice...
JUST IN: Bank of Canada holds its overnight interest rate at 2.25% as widely expected.
Bank Prime remains 4.45%
What’s not as expected is for BoC hikes of 0.75% within 1 year.
But that's just what financial market odds are predicting.
Will hikes actually happen?
Rate
The USD-driven global fiat currency system requires inflation to survive
However, the AI revolution will be substantially deflationary
These deflationary pressures will, to some extent, mix with spiking productivity to mitigate inflationary money printing well into the future
In an AI age of abundance, the middle class works less and receives more
Companies will lean harder on vast, emerging market populations for growth
Emerging market populations will see massive jumps in living standards as the model is applied
In this case, the indexes
Markets are pricing in a 95% chance for a BoC hold this Wed
With rising producer prices and even stronger inflation expectations, rate cut narratives are slowly changing
We’ve seen this play out recently: consensus gets comfortable and doesn't reset until it's too late
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Oil: UP
Bond Yields: UP
Gold: UP
Stock Market: UP
Bitcoin: UP
The system is being flooded with liquidity
We are Mortgage Brokers proudly serving customers from 5 locations in Ontario.
Kitchener/ Waterloo (Head Office)
In Kitchener Waterloo Call: 1-877-248-9210
Hamilton
In Hamilton Call: 905-538-0677
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