{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Bank of Canada Holds Rates: What It Means for Canadian Mortgages | Appraisal Shocks, the Slow Bleed &amp; Claude AI Rabbit Hole (S6E13)","description":"\u2b50 Enjoying The Green Effect Podcast? Follow the show and leave a 5-star rating \u2014 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 &quot;slow bleed.&quot; Chapters (estimated): 00:00 \u2013 Intro 00:45 \u2013 Middle-age dad mode, Under Armour &amp;amp; Costco 04:00 \u2013 Buying a house with a pool: the real monthly cost 09:00 \u2013 Bank of Canada overnight rate vs. your prime rate 13:00 \u2013 What Tiff Macklem actually said 17:00 \u2013 Southwestern Ontario's slow-bleed economy 20:00 \u2013 Market update: fixed vs. variable &amp;amp; bonds 23:00 \u2013 House prices &amp;amp; the coming scarcity squeeze 26:00 \u2013 The refinance appraisal problem 28:00 \u2013 The Claude AI \/ Cowork rabbit hole 33:00 \u2013 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\u20134 years (and condos in 5\u201310) - The refinance appraisal problem \u2014 homes coming in $25K\u2013$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 \ud83d\udccc 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 \u00b7 Facebook Stephen Green Mortgages \u00b7 LinkedIn Stephen Green Stephen Green, Mortgage Broker \u2014 The Financial Collective. FSRA #13496. ","author_name":"The Green Effect Podcast","author_url":"http:\/\/thegreeneffect.libsyn.com\/website","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/41637310\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/41637310"}