{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Bank of Canada Holds, 42,000 Jobs Lost, Waterloo Housing Market Update","description":"The Bank of Canada held the overnight rate this week, and almost every headline stopped there. The more useful information was in the press conference, where the Bank said it is not ruling out an increase \u2014 because tariffs are inflationary and inflation has climbed to the top of their tolerance band.  In this episode Stephen Green breaks down what the central bank actually signalled, why headline inflation of 3% and core inflation of 2.2% tell two different stories, and what a soft August jobs report means for Canadian housing this fall.  In this episode:  - The Bank of Canada held, but explicitly did not rule out an increase - Inflation hit 3% on the headline; strip out fuel and it is 2.2% - Bond yields moved roughly 20 basis points across the month, and fixed mortgage pricing followed - Canada lost 42,000 jobs in August, concentrated in full-time work - Ontario shed 18,000 jobs; unemployment sits at 6.9% against 6.4% nationally - Weak immigration is slowing population growth and reshaping the labour numbers - Waterloo Region: sales down roughly 11%, new listings down roughly 15%, 36 days on market, 3.5 months of inventory - Sellers are rejecting offers conditional on the sale of a buyer's property - The new TFC app \u2014 no signup, no account, works on any device  Key takeaways:  1. Read the Bank of Canada's comments, not just the decision. The decision is the smaller half of the story. 2. Follow the employment numbers. If people are not working, they are not buying, and housing follows. 3. If you are carrying a renewal or a purchase into the fall, talk to a broker early rather than late.  If you get value from the show, subscribe and leave a five star review \u2014 it genuinely helps other Canadians find it.  Apple Podcasts:&amp;nbsp;https:\/\/podcasts.apple.com\/us\/podcast\/the-green-effect-podcast\/id1434969273  Spotify:&amp;nbsp;https:\/\/open.spotify.com\/show\/6iKdA4EY2crIuYymE9SZd9  YouTube:&amp;nbsp;https:\/\/www.youtube.com\/channel\/UCZwLHIk2V8EIkDeRVx4EjwA  Libsyn:&amp;nbsp;https:\/\/thegreeneffect.libsyn.com\/thegreeneffect  Website:&amp;nbsp;https:\/\/thefinancialcollective.ca  Stephen Green, Mortgage Broker \u2014 The Financial Collective | Better Mortgage Choice, FSRA Lic. #13496 | 519-500-1789 |&amp;nbsp;stephen@thefinancialcollective.ca ","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\/42818225\/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\/42818225"}