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The Green Effect PodcastAuthor: Stephen Green
Finance, life, business and everything in between! Reboot 2022! Brand new content with just myself gabbing away about the real estate world, personal stuff going on in my life, stories as an investor, and whatever else fits my fancy! Proudly sponsored by Top Consulting: topconsulting.ca Language: en Genres: Business, Entrepreneurship Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Bank of Canada Holds Rates: What It Means for Canadian Mortgages | Appraisal Shocks, the Slow Bleed & Claude AI Rabbit Hole (S6E13)
Episode 13
Tuesday, 16 June, 2026
⭐ Enjoying The Green Effect Podcast? Follow the show and leave a 5-star rating — it takes 10 seconds and helps other Canadians find honest mortgage talk. The Bank of Canada held its overnight rate at 2.25%, but Canadian mortgage broker Stephen Green says the real story is what the Bank actually said, not the number. In this episode he breaks down the June 2026 Bank of Canada decision and what it means for Canadian mortgage rates and your renewal, why refinance appraisals are coming in way off, where fixed and variable rates sit today, and why he thinks Southwestern Ontario's economy is in a "slow bleed." Chapters (estimated): 00:00 – Intro 00:45 – Middle-age dad mode, Under Armour & Costco 04:00 – Buying a house with a pool: the real monthly cost 09:00 – Bank of Canada overnight rate vs. your prime rate 13:00 – What Tiff Macklem actually said 17:00 – Southwestern Ontario's slow-bleed economy 20:00 – Market update: fixed vs. variable & bonds 23:00 – House prices & the coming scarcity squeeze 26:00 – The refinance appraisal problem 28:00 – The Claude AI / Cowork rabbit hole 33:00 – Wrap-up In this episode: - How the Bank of Canada's 2.25% overnight rate differs from your bank's 4.45% prime - What Tiff Macklem actually said about inflation, energy prices, and the war - Market update: fixed rates in the low 4s, variable in the high 3s, stable bonds - Why single-family housing could get scarce in 2–4 years (and condos in 5–10) - The refinance appraisal problem — homes coming in $25K–$150K under expectations - Southwestern Ontario's squeeze: Conestoga, Hamilton, London, Brampton, Windsor - Buying a house with a pool? The real monthly cost nobody mentions - Stephen's deep dive into Claude AI / Cowork and what it's automating in his business 📌 Got a mortgage renewal coming up? Don't sign the bank's letter first. Book a free mortgage review: https://refertogreen.ca/h2z Connect: Instagram/TikTok @sgmortgageadvice · Facebook Stephen Green Mortgages · LinkedIn Stephen Green Stephen Green, Mortgage Broker — The Financial Collective. FSRA #13496.
