Category: Uncategorized

Do you remember back in March of 2020? You may, or you may have tried to block that time period from your memory. While March of 2023 and the months that followed were a general haze for a lot of folks, the one thing we all remember, and the one thing we will tell our…

While I hate making predictions, and often make fun of people who make predictions, I am going to throw one out there. I think we may have put in a top on the Canadian 5 year bond yield for the cycle. Yep, I said it, and I said it publicly, so now everyone can come…

In the last couple weeks, I have lost count of how many times I have had a conversation with people about the Canadian dollar ( CAD for short ). The conversation is that the BOC will have to do whatever the US Federal Reserve does, or else the CAD will plummet. Could the Canadian dollar…

Canada’s job report showed a massive increase in new jobs for September 2023. A whopping 63,800 new jobs were created for the month, blowing away expectations for 20,000. The unemployment rate held steady at 5.50%. While on the surface it looks great, a little bit of a deeper dive shows some troubling data. 75% of…

2000 years ago, the philosopher Archimedes proclaimed ” Give me a firm place to stand and a lever and I can move the earth”. Of course, 2000 years ago the term leverage meant something completely different than it does today. Today, society seems less concerned with lifting heavy objects, and instead laser focused on using…

What a time to be alive!!! What a time to be a mortgage broker!!! Well, at least one of those is true. In case you were living under a rock the last 24 hours – you may want to go and check out the yield on the 5 year bond. Well the title may be…

It is often said that what goes up must come down. But what if something can go up AND down at the same time? Well, in the world of bonds it can happen. Most people only look at one side of the bonds – yield, or rate. Mortgage brokers specifically will tell you rates are…

In case anyone hasn’t noticed – interest rates are up. It seems like every week we get another round of rate increases from lenders. No doubt it is getting tough out there in mortgage land. I am pretty certain that mortgage professionals are watching the bond more than all other financial professionals combined. I am…

With the recent inflation report on Tuesday, and the Federal Reserve meeting yesterday, bonds are taking it on the chin. Yields are up across most bonds, and the Canadian 5 year yield is higher than at any time since Sept 2007. Look for fixed rates to be adjusted higher this week ,and into next week…

These days it seems like a lot of people are wanting a quick fix. From the junkie on the streets, to almost everyone in a profession related to housing, we all want a fix. But, before we can fix anything, we need to figure out what exactly is broken. You cannot fix A PROBLEM IF…