Check out my latest podcast interview with Residential & Commercial Mortgage Broker, Jim Jiang, from Outline Financial where we discuss variable vs fixed rates & HELOCs.
Is the Bank of Canada putting its hand in the cookie jar?
I was quite surprised by the recent announcement that the Bank of Canada plans on purchasing mortgage-backed securities for its balance sheet. Their plan is to purchase a bundle of CMHC-backed mortgages as investments. The Bank of Canada maintains that it will continue to be impartial when setting interest rates despite this transaction.