Channel Title: Mark Mitchell - Mortgage Broker London Ontario Channel Description: My name is Mark Mitchell and I am a Mortgage Broker in London Ontario, providing Mortgages to London Ontario and surrounding area. This channel features information and tips on mortgages and real estate in London Ontario, St Thomas and surrounding area. My channel focuses on: - Mortgages in London Ontario - Real Estate in London Ontario - Canadian Interest Rates and their Effects on Real Estate - The interplay of politics and economics On a professional note, my areas of expertise include: - First Time Home Buyers - Mortgage Pre-Approvals - Mortgage Refinancing - Refinancing with Bad Credit - Private Mortgage Lenders - Second Mortgages Mark Mitchell – Mortgage Broker London Ontario Available Days, Nights, Weekends (519)860-2102 (Call or Text) https://www.LondonOntarioMortgages.ca Broker Lic: M16001479 Brokerage Lic: 10464 <video> Canada's Inflation Drops to 1.9% – Bank of Canada Eyes 2% Target Change? Description: #canadianinflation #bankofcanada #canadianeconomy Canada’s inflation rate just dropped to 1.9%, the day after Bank of Canada Governor Tiff Macklem has hinted that we may need to rethink the 2% inflation target. Speech by Governor Tiff Macklem / Discours du gouverneur Tiff Macklem: https://www.youtube.com/watch?v=PY7n37AQang&t=1s Giving the Bank of Canada Children's Finance Books for Christmas: https://youtu.be/kZXKOp3vyH4 Lessons for the future: https://www.bankofcanada.ca/2024/12/lessons-for-the-future/ Consumer Price Index, November 2024: https://www150.statcan.gc.ca/n1/daily-quotidien/241217/dq241217a-eng.htm?indid=3665-1&indgeo=0 Canada’s inflation rate down a tick to 1.9% in November: https://www.cp24.com/news/canada/2024/12/17/canadas-inflation-rate-down-a-tick-to-19-in-november/ Canadian inflation likely headed lower, U.S. Fed to cut by 25 bps: https://thoughtleadership.rbc.com/forward-guidance-our-weekly-preview/ Canada's annual inflation rate edged down to 1.9 per cent in November, reinforcing 'gradual path' for BoC: https://ca.finance.yahoo.com/news/canadas-annual-inflation-rate-edged-down-to-19-per-cent-in-november-reinforcing-gradual-path-for-boc-150339645.html Bank of Canada to assess inflation target in coming mandate review: https://www.theglobeandmail.com/business/article-bank-of-canada-tiff-macklem-reviews-inflation-target-mandate/ Bank of Canada governor Tiff Macklem preparing for a ‘shock-prone’ future: https://financialpost.com/news/economy/bank-of-canada-tiff-macklem-shock-prone-future Canada overshoots deficit target by C$20 billion as finance minister resigns: https://www.reuters.com/world/americas/canada-overshoots-deficit-target-by-c20-billion-finance-minister-resigns-2024-12-16/ Trudeau faces frustrated MPs after Chrystia Freeland's shock resignation: https://www.cbc.ca/news/politics/trudeau-faces-frustrated-mps-after-chrystia-freeland-s-shock-resignation-1.7411380 Trump’s 25% tariff would mean recession for Canadian economy next year, economists warn: https://financialpost.com/news/trump-tariff-recession-canada-next-year-economists-warn Canada's inflation rate ticks down to 1.9% in November: https://www.reuters.com/markets/canadas-inflation-rate-ticks-down-19-november-2024-12-17/ Canada's inflation rate cools more than expected: https://financialpost.com/news/economy/canada-inflation-cools-more-than-expected Canada government adrift after finance minister resigns, Trump tariffs loom: https://www.reuters.com/world/americas/canada-government-adrift-after-finance-minister-resigns-trump-tariffs-loom-2024-12-17/ Rewired, recast and redirected: Global trade and implications for Canada: https://www.bankofcanada.ca/2024/09/rewired-recast-and-redirected-global-trade-and-implications-for-canada/ Adjusting to higher interest rates: https://www.bankofcanada.ca/2023/06/adjusting-to-higher-interest-rates/ Tiff Macklem defends Bank of Canada's two per cent inflation target: https://financialpost.com/news/macklem-defends-bank-of-canada-inflation-target The 2% Inflation Target Regime Should Now Be Retired: https://www.bloomberg.com/opinion/articles/2024-04-17/central-bankers-should-retire-the-2-inflation-target Low inflation targeting is such a dubious idea. Why did the Reserve Bank adopt it in the first place?: https://www.theguardian.com/commentisfree/article/2024/jul/03/low-inflation-targeting-is-such-a-dubious-idea-why-did-the-reserve-bank-adopt-it-in-the-first-place The Fed Is Stuck Fighting the Last War: https://www.nytimes.com/2024/12/13/business/federal-reserve-inflation-target.html Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice. </video> <video> Mortgage Renewal Wave "Less Shocking than Feared": TD Bank Description: #canadianrealestate #canadianmortgagerates #tdbank The fallout of the Mortgage Renewal Wave may not be as severe as initially though, this according to a new report coming from TD Bank. The report argues that “heightened competition” among the banks/lenders could help to push down payments heading into 2025. Yet, its not clear that these assumptions are not overly optimistic. Links: Mortgage Holders Have Moved Away From The Cliff Edge: https://economics.td.com/ca-mortgage-holders-away-from-cliff Canada’s interest rate conundrum: Too much of a good thing: https://economics.td.com/ca-interest-rate-conundrum Canada's Banking Head Warns of 2025/2026 Mortgage Renewals: https://youtu.be/OjOZYAmD5yQ Funds advanced, outstanding balances, and interest rates for new and existing lending, Bank of Canada: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1010000601&cubeTimeFrame.startMonth=01&cubeTimeFrame.startYear=2019&cubeTimeFrame.endMonth=03&cubeTimeFrame.endYear=2024&referencePeriods=20190101%2C20240301 Posthaste: Canada retreats from the edge of the mortgage renewal cliff, TD Bank says: https://financialpost.com/news/canada-retrests-edge-mortgage-renewal-cliff-td-bank-says Toronto's mortgage arrears may hit 12-year high, CMHC reports: https://www.mpamag.com/ca/mortgage-industry/market-updates/torontos-mortgage-arrears-may-hit-12-year-high-cmhc-reports/514082 Mortgage borrowers renewing in 2025 to face an average $513 monthly payment increase: RBC: https://www.canadianmortgagetrends.com/2024/12/rbc-mortgage-clients-renewing-in-2025-to-face-513-monthly-payment-increase/ Scotiabank sees rise in mortgage arrears but remains optimistic about renewals”: https://www.canadianmortgagetrends.com/2024/12/scotiabank-sees-rise-in-mortgage-arrears-but-remains-optimistic-about-renewals/ TD Bank fined $3B US after pleading guilty in historic U.S. money-laundering case: https://www.cbc.ca/news/business/td-bank-penalties-1.7348819 Long-time realtors are quitting in Ontario and the Home of the Week: Canadian real estate news for November 15: https://www.theglobeandmail.com/business/article-real-estate-housing-news-nov-22/ Wayback Machine – TD Mortgage Rates: https://web.archive.org/web/20200629090940/https://www.td.com/ca/en/personal-banking/products/mortgages/mortgage-rates/ Wayback Machine – RBC Mortgage Rates: https://web.archive.org/web/*/https://www.rbcroyalbank.com/mortgages/mortgage-rates.html Financial Reports: https://www.td.com/ca/en/about-td/for-investors/investor-relations/financial-information/financial-reports/quarterly-results Employee wages by industry, annual: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1410006401 TD Bank to pay more than US$28M in settlement for market manipulation: https://www.ctvnews.ca/business/td-bank-to-pay-more-than-us-28m-in-settlement-for-market-manipulation-1.7057164 Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ U.S. 10 Year Treasury Note: https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx Trump's tax-cut plans could be slowed by a wary bond market: https://www.reuters.com/markets/rates-bonds/trumps-big-tax-cut-plans-could-be-slowed-by-wary-bond-market-2024-11-25/ Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice. </video> <video> CREA says Real Estate Sales Surged in Nov: "Analysts" Expect More in 2025 Description: #canadianrealestate #canadarealestate #canadianmortgagerates Canadian real estate sales are set to surge further in 2025, even as worsening affordability challenges buyers – this according to a number of “analysts” in the aftermath of the Bank of Canada’s interest rate cuts. Links: Canadian Home Sales Continue to Climb in November: https://www.youtube.com/watch?v=hQ0Xh9TgdyA&list=PLOKoTy8yPzZaRjG8ArUm5F6Ny2FEl5rxb National Statistics: https://creastats.crea.ca/en-CA/ National home sales continue surging, prices rise amid falling interest rates: CREA: https://www.ctvnews.ca/business/national-home-sales-continue-surging-prices-rise-amid-falling-interest-rates-crea-1.7146916 https://www.canadianmortgagetrends.com/2024/12/national-home-sales-continue-surging-prices-rise-amid-falling-interest-rates-crea/ https://www.thestar.com/business/national-home-sales-continue-surging-prices-rise-amid-falling-interest-rates-crea/article_2fde3be2-6fa6-5c88-8cba-0a300d98a8d0.html Bank of Canada cuts key interest rate to 3.25%: https://ici.radio-canada.ca/rci/en/news/2126134/bank-of-canada-cuts-key-interest-rate-to-3-25 Will latest Bank of Canada rate cut boost the housing market? Analysts weigh in: https://financialpost.com/real-estate/bank-of-canada-rate-cut-boost-housing-market Canada’s New Mortgage Rules Will Drive Up Housing Prices: https://macleans.ca/the-year-ahead/canadas-new-mortgage-rules-will-drive-up-housing-prices/ Posthaste: Get ready for the 'great adjustment' in Canada's housing market: https://financialpost.com/news/housing-market-faces-great-adjustment Canada 5 Year Government Bond: https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ RBC Mortgage Rates – Wayback Machine: https://web.archive.org/web/20240000000000*/https://www.rbcroyalbank.com/mortgages/mortgage-rates.html Current Mortgage Rates: https://www.rbcroyalbank.com/mortgages/mortgage-rates.html Homebuyers in Canada Are So Frenzied They Won’t Wait for Rates to Go Down: https://www.bloomberg.com/news/articles/2024-02-02/homebuyers-in-canada-are-so-frenzied-they-won-t-wait-for-rates-to-go-down Who's afraid of the big bad variable rate mortgage?: https://financialpost.com/real-estate/mortgages/whos-afraid-big-bad-variable-rate-mortgage Variable rate mortgages are the best bet to save you money after Bank of Canada cut: https://financialpost.com/real-estate/mortgages/variable-rate-mortgages-best-bet-to-save-money-bank-of-canada Variable-rate borrowers poised to catch another break from Bank of Canada: https://financialpost.com/real-estate/mortgages/mortgage-rates/bank-of-canada-likely-to-give-variable-rate-borrowers-break Borrowers are catching variable rate fever and the risks abound: https://financialpost.com/real-estate/borrowers-catching-variable-rate-fever-risks-abound Will the Federal Reserve signal pause in interest rate cuts?: https://www.ft.com/content/98faa626-0076-4bc2-8628-972595fa55c7 Could rising rates cause a housing and mortgage crisis?: https://www.mpamag.com/ca/mortgage-industry/market-updates/could-rising-rates-cause-a-housing-and-mortgage-crisis/488747 New 30-year mortgage, down payment rules stoke fears of rising home prices: https://www.thestar.com/real-estate/new-30-year-mortgage-down-payment-rules-stoke-fears-of-rising-home-prices/article_4d0ac346-7434-11ef-88ac-5b92ccbc1005.html Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice. </video> <video> Bank of Canada Cuts Rates: Talks Tariffs, Recession, Immigration, Housing Description: #bankofcanada #canadianeconomy #canadianrealestate The Bank of Canada cut interest rates by 50bps this morning, holding a Press Conference thereafter. The Bank addressed tariffs, a potential recession in the Canadian economy, as well the reduction in immigration and its impact on Canada’s real estate market. Links: Media availability on December 11, 2024 / Point de presse le 11 décembre 2024: https://www.youtube.com/watch?v=x-motc1cW8s Media availability on December 15, 2023  / Point de presse le 15 décembre 2023: https://www.youtube.com/watch?v=_g3b1nDW5xM&list=PL68D102E45321F119&index=15&t=1316s Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ BoC delivers jumbo interest rate cut, signals slower pace of cuts moving forward: https://www.thestar.com/business/boc-delivers-jumbo-interest-rate-cut-signals-slower-pace-of-cuts-moving-forward/article_412b8010-9aa6-5984-8e43-61372ba5619a.html Bets are high for another big cut by the Bank of Canada on Wednesday: https://financialpost.com/news/economy/bets-high-rate-cut-bank-of-canada Bank of Canada makes another hefty rate cut with slower pace of cuts going forward: https://www.cbc.ca/news/business/bank-of-canada-dec-11-1.7407231 'We're in a recession,' says former Bank of Canada governor Stephen Poloz: https://financialpost.com/news/economy/bank-of-canada-stephen-poloz-says-recession Government of Canada reduces immigration: https://www.canada.ca/en/immigration-refugees-citizenship/news/2024/10/government-of-canada-reduces-immigration.html Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ Bank of Canada cuts its policy rate by another half point: https://financialpost.com/news/economy/bank-of-canada-cuts-its-policy-rate-by-another-half-point BoC Governor Macklem speaks on outlook after cutting policy rate by 50 bps to 3.25%: https://www.fxstreet.com/news/boc-set-to-cut-interest-rate-again-as-inflation-steadies-and-growth-slows-202412110900 Bank of Canada cuts rate by half-point, signals ‘more gradual’ approach to further easing: https://www.theglobeandmail.com/business/article-bank-of-canada-interest-rate-cut-december/ New 30-year mortgage, down payment rules stoke fears of rising home prices: https://www.thestar.com/real-estate/new-30-year-mortgage-down-payment-rules-stoke-fears-of-rising-home-prices/article_4d0ac346-7434-11ef-88ac-5b92ccbc1005.html Mortgage Rule Changes to Add Fuel to Canadian Housing Recovery: https://economics.td.com/ca-mortgage-rule-changes Canada’s oil patch rattled by Trump's tariff threat: https://www.bbc.com/news/articles/c86q87yjgzjo Bank of Canada cuts rates by half a point but signals ‘more gradual’ pace: https://chatgpt.com/c/6759e113-3a48-8011-bca8-04543953b0ea Bank of Canada holds interest rate at 5% as economy stalls: https://financialpost.com/news/economy/bank-of-canada-holds-interest-rate-december-6 Canadian dollar holds near 4½-year low ahead of BoC’s rate decision: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-holds-near-4-year-low-ahead-of-bocs-rate-decision/ Canadian dollar rallies on central bank's more hawkish guidance: https://ca.finance.yahoo.com/news/canada-fx-debt-canadian-dollar-140138755.html   Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice. </video> <video> London Ontario Real Estate: November Sales & Conditional Offers Up Description: #londonontariorealestate #londonontario #lstar London’s real estate market saw a major increase in sales in November, up 37.3% from 2023, though sales remained largely below what we would expect for November – leading to questions as to whether or not the London market is really ‘rebounding.’ Links: London and St Thomas Association of Realtors (LSTAR) Statistics: https://www.lstar.ca/our-latest-statistics London-area housing market rebounds as realtors eye 'steady, solid' 2025: https://lfpress.com/news/local-news/london-area-housing-market-rebounds-as-realtors-eye-steady-solid-2025 Toronto-area home sales surge 40% in November as prices start to edge up: https://www.thestar.com/real-estate/toronto-area-home-sales-surge-40-in-november-as-prices-start-to-edge-up/article_fde13490-b190-11ef-b78c-fb78cd2b62ac.html Toronto Housing Sales Climb With Buyers Flocking Back to Market: https://www.bloomberg.com/news/articles/2024-12-04/toronto-housing-sales-climb-with-buyers-flocking-back-to-market 'We're in a recession,' says former Bank of Canada governor Stephen Poloz: https://financialpost.com/news/economy/bank-of-canada-stephen-poloz-says-recession Interest Rate Announcement: https://www.bankofcanada.ca/2024/12/interest-rate-announcement-6/ Real GDP per capita declines for 6th consecutive quarter, household savings rise: https://www.ctvnews.ca/business/real-gdp-per-capita-declines-for-6th-consecutive-quarter-household-savings-rise-1.7127807 Canada needs to take Trump's tariff threats seriously: experts: https://www.ctvnews.ca/politics/canada-needs-to-take-trump-s-tariff-threats-seriously-experts-1.7133873 Canada needs to take Trump's tariff threats seriously: experts: https://lfpress.com/news/local-news/conditional-offers-returning-to-lukewarm-london-housing-market Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice. </video> <video> Bond Market Déjà vu: Yields to 5%? Dr. Ed Yardeni Description: #canadianeconomy #canadianmortgagerates #bondmarket Bond yields (and hence Fixed Mortgage Rates) could be returning to "normal" after over a decade of abnormal lows, as the ‘Bond Vigilantes’ make their return – this according to Dr. Ed Yardeni of Yardeni QuickTakes. Chapters 0:00 - Introduction 0:59 – What are Bond Vigilantes 03:41 – Yields to 5% 04:23 – Fiscal/Monetary Concerns 07:31 - Debt Concerns 10:39 – 4-5% Are Normal Rates 14:30 – Roaring 2020s 15:47 – 1990s Stock Melt Up 17:05 – Geopolitical risks 17:43 – Debt Crisis 19:59 – Economy Running Hot Amid Cuts? 22:25 – Trump 1.0 V.S Trump 2.0 Links: Yardeni QuickTakes: https://www.yardeniquicktakes.com/ Yardeni Research – Webcasts - https://yardeni.com/webcasts/ Fixed mortgage rates may not follow Bank of Canada cuts, former TD economist warns: https://www.canadianmortgagetrends.com/2024/11/fixed-mortgage-rates-may-not-follow-bank-of-canada-cuts-former-td-economist-warns/ Fed cuts rates again — this time by 25 bps — in effort to maintain economic momentum: https://financialpost.com/news/economy/fed-cuts-rates-25-bps-maintain-economic-momentum How ‘Trump 2.0’ could push this ‘Roaring 2020s’ stock market into the 2030s: https://www.marketwatch.com/story/how-trumps-election-could-push-this-roaring-2020s-stock-market-into-the-2030s-a42f57b6 Janet Yellen and the man who invented the term ‘bond vigilantes’ disagree about what’s happening in the Treasury market right now: https://fortune.com/2023/10/05/janet-yellen-ed-yardeni-bond-vigilantes-treasury-market-yields-economy-recession/ Inflation, consumer prices for the United States: https://fred.stlouisfed.org/series/FPCPITOTLZGUSA U.S. 10 Year Treasury Note: https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx Yardeni Research – Webcasts - https://yardeni.com/webcasts/ Federal Funds Effective Rate: https://fred.stlouisfed.org/series/DFF Federal Surplus or Deficit [-] as Percent of Gross Domestic Product: https://fred.stlouisfed.org/series/FYFSGDA188S Federal Debt: Total Public Debt as Percent of Gross Domestic Product: https://fred.stlouisfed.org/series/GFDEGDQ188S US Treasury to slow pace of longer-dated debt issuance: https://www.ft.com/content/30ca0fe4-a3e0-4e59-8590-b486443fe400 Bank of Canada needs deeper rate cuts to bring real estate sector off sidelines, say experts: https://financialpost.com/real-estate/bank-of-canada-cut-interest-rates-deeper-real-estate-sector Macklem says Bank of Canada will have to 'discover' neutral rate: https://financialpost.com/news/economy/macklem-bank-of-canada-discover-neutral-rate The Daily Prophet: Carville Was Right About the Bond Market: https://www.bloomberg.com/news/articles/2018-01-29/the-daily-prophet-carville-was-right-about-the-bond-market-jd0q9r1w Republicans will retain House majority, CNN projects, completing GOP’s dominance of Washington: https://www.cnn.com/2024/11/13/politics/house-control-republicans-trifecta/index.html S&P 500 zooms past 6,000 for the first time on Trump euphoria: https://www.theglobeandmail.com/investing/article-sp-500-zooms-past-6000-for-the-first-time-on-trump-euphoria/ Musk Wants $2 Trillion Cut From US Budget. It’d Be Difficult: https://www.bloomberg.com/news/articles/2024-10-28/musk-wants-2-trillion-cut-from-us-budget-it-d-be-difficult What’s Been Driving the US Productivity Surge?: https://www.aei.org/economics/whats-been-driving-the-us-productivity-surge/   https://archive.yardeni.com/pub/excerptbv.pdf </video> <video> Cracks Appear in the Canadian Economy as Unemployment Hits 6.8% Description: #canadianeconomy #canadaeconomy #bankofcanada Canada’s economy is starting to show some cracks under the weight of higher interest rates, with unemployment rising to its highest level in almost 8 years. Yet, the data shows that there are stark differences between 2017 and 2024, with 2024 showing more signs of stress. Links: Jobless rate reaches 6.8% in November, highest since January 2017 outside of pandemic: https://www.thestar.com/business/jobless-rate-reaches-6-8-in-november-highest-since-january-2017-outside-of-pandemic/article_3b6f058a-766f-597b-ad1b-6c352331bd41.html Jobless rate reaches 6.8% in November, highest since 2017, excluding pandemic: https://www.cbc.ca/news/business/jobs-unemployment-november-1.7403156 Odds of jumbo BoC rate cut boosted by jump in Canada's unemployment rate: https://ca.finance.yahoo.com/news/odds-of-jumbo-boc-rate-cut-boosted-by-jump-in-canadas-unemployment-rate-164728754.html?guccounter=1 BMO changes rate cut call after surprise jump in Canada’s jobless rate: https://globalnews.ca/news/10905030/canada-jobs-november-2024/ Labour Force Survey, November 2024: https://www150.statcan.gc.ca/n1/daily-quotidien/241206/dq241206a-eng.htm?indid=3587-2&indgeo=0 Canada’s economy ‘looks pretty weak’ following unemployment figures: CIO: https://www.bnnbloomberg.ca/business/economics/2024/12/06/canadas-economy-looks-pretty-weak-following-unemployment-figures-cio/ Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ Release of the Monetary Policy Report / Publication du Rapport sur la politique monétaire: https://www.youtube.com/watch?v=FeLkYlD4xYA&t=2s Canada’s Jobs Momentum Continues In January (Audio): https://immigration.ca/pt-pt/canadas-jobs-momentum-continues-january/ Open the doors: https://www.theglobeandmail.com/report-on-business/economy/canada-immigration-policy-economy-trudeau/article34070482/ Trudeau announces sharp cuts to Canada's immigration targets: https://www.bbc.com/news/articles/cd7n3rqyjqzo https://nationalpost.com/news/new-immigrants-are-worried-about-canadas-economy-new-survey-finds Report finds 1 in 5 newcomers leave Canada within 25 years, calls for retention plan: https://www.ctvnews.ca/canada/report-finds-1-in-5-newcomers-leave-canada-within-25-years-calls-for-retention-plan-1.7115347 Canada to admit nearly 1 million immigrants over next 3 years: https://www.cbc.ca/news/politics/immigration-canada-2018-1.4371146 'We're in a recession,' says former Bank of Canada governor Stephen Poloz: https://financialpost.com/news/economy/bank-of-canada-stephen-poloz-says-recession Immigration prevented a recession last year, but looming changes could stall growth: economists: https://www.cbc.ca/news/business/economic-impact-immigration-cuts-1.7362448 Government of Canada reduces immigration: https://www.canada.ca/en/immigration-refugees-citizenship/news/2024/10/government-of-canada-reduces-immigration.html Market Participants Survey: https://www.bankofcanada.ca/publications/market-participants-survey/ Posthaste: Why top economists are changing their Bank of Canada rate cut forecast: https://financialpost.com/news/bank-of-canada-will-cut-50-bps-economists-say Congrats, Canadians: You’re world leaders in debt: https://macleans.ca/economy/congrats-canadians-youre-world-leaders-in-debt/ Canada's economy grew at faster-than-expected 2.6% rate in 4th quarter of 2016: https://www.cbc.ca/news/business/canada-gdp-q4-2016-1.4006233 Rosenberg Research: Markets are underestimating how much the BoC will cut rates in the next 12 months: https://www.theglobeandmail.com/investing/markets/inside-the-market/article-rosenberg-research-markets-are-underestimating-how-much-the-boc-will/ Canada 5 Year Government Bond: https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice. </video> <video> Forecasting Canadian Real Estate with Phil Soper: 3 Year History Description: #canadianrealestate #canadarealestate #canadianhousingmarket Canada’s real estate market could take back off in 2025 – this according to a number of recent interviews with Royal LePage CEO Phil Soper. Yet, how well have Soper’s predictions worked out over the past few years? Links: Housing outlook for 2025: https://www.youtube.com/watch?v=x91pm9ex3xY Housing outlook for 2025: https://www.bnnbloomberg.ca/video/shows/trading-day/2024/11/22/housing-outlook-for-2025/ Toronto’s housing market will boom in 2025, Royal LePage head says — making it the most expensive market in Canada: https://www.thestar.com/business/torontos-housing-market-will-boom-in-2025-royal-lepage-head-says-making-it-the-most/article_a6bf290e-80d2-11ef-a353-93ec64047fd2.html Toronto’s first-time homebuyers have saved up and are finally ready to buy — but there’s one thing holding them back : https://www.thestar.com/real-estate/torontos-first-time-homebuyers-have-saved-up-and-are-finally-ready-to-buy-but-theres/article_7920cea2-a5d6-11ef-a1b1-3717a2fb244f.html Harvard Guide to Using Sources: https://usingsources.fas.harvard.edu/evaluating-sources-0 Market Watch Archive: https://trreb.ca/market-data/market-watch/market-watch-archive/ Royal LePage: Canada’s national aggregate home price forecast to rise 10.5% by the end of 2022: https://www.royallepage.ca/en/realestate/news/royal-lepage-canadas-national-aggregate-home-price-forecast-to-rise-10-5-by-the-end-of-2022/ Bank of Canada makes another emergency cut to interest rate: https://www.cbc.ca/news/business/bank-of-canada-interest-rate-1.5512098 Wayback Moneysense: Bank of Canada Holds Key Interest Rate, but the Cost of Your Mortgage May Still Go Up: https://web.archive.org/web/20210613134753/https://moneywise.ca/mortgages/mortgage-rates-news/the-bank-of-canada-held-its-overnight-rate-but-the-cost-of-your-mortgage-may-still-go-up Fixed Vs. VRM - Monthly: https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.cmls.ca/brokers/download-resource%3Fid%3D17 Consumer Price Index, November 2021: https://www150.statcan.gc.ca/n1/daily-quotidien/211215/dq211215a-eng.htm 2023 national aggregate home price forecast to end year 1.0% below fourth quarter of 2022: Royal LePage: https://www.royallepage.ca/en/realestate/news/2023-national-aggregate-home-price-forecast-to-end-year-1-0-below-fourth-quarter-of-2022-royal-lepage/ Bank of Canada warns of steep jump in mortgage payments: https://www.theglobeandmail.com/business/article-bank-of-canada-warns-of-steep-jump-in-mortgage-payments/ David Rosenberg: Canada's menacing mortgage math means crisis looming: https://financialpost.com/news/economy/canada-mortgage-math-means-crisis-looming RBC warns of rising mortgage losses through 2025 with upcoming renewals: https://www.canadianmortgagetrends.com/2024/09/rbc-warns-of-rising-mortgage-losses-through-2025-with-upcoming-renewals/ Banks are expecting a wave of mortgage defaults: Economists say a credit crunch could hurt us all: https://www.thestar.com/business/banks-are-expecting-a-wave-of-mortgage-defaults-economists-say-a-credit-crunch-could-hurt/article_c93e1d80-3ad4-11ef-90ce-bf15e20a8661.html Slow mortgage growth continued as homebuyers remained on sidelines: https://www.cmhc-schl.gc.ca/media-newsroom/news-releases/2024/slow-mortgage-growth-continued-homebuyers-remained-sidelines Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice. </video> <video> Giving the Bank of Canada Children's Finance Books for Christmas Description: #bankofcanada #canadanews #canadianeconomy As the Bank of Canada prepares findings on pandemic money-printing, children’s finance books seem like perfect Christmas gifts for key leaders. Links: Princess Persephone and the Money Wizards: Inflation Comes to Ganymede: https://www.amazon.ca/Princess-Persephone-Money-Wizards-Inflation/dp/0807552488 Daisy Bubble: A Price Crash on Galapagos: https://www.amazon.ca/Daisy-Bubble-Price-Crash-Galapagos/dp/0807552461 Billy the Borrowing Blue-Footed Booby: https://www.amazon.ca/dp/0807510394?ref=ppx_yo2ov_dt_b_fed_asin_title Homebuyer appetite amid rate cuts: https://www.youtube.com/watch?v=J-x0KKHXlB0&t=9s Canada to expand 30-year amortizations, raise insured mortgage cap, Freeland announces: https://www.youtube.com/watch?v=0EZimC4e2cw Release of the Monetary Policy Report / Publication du Rapport sur la politique monétaire: https://www.youtube.com/watch?v=yvfQHb9WS1Q&t=8s Prime Minister Justin Trudeau announces federal housing program: https://www.youtube.com/watch?v=TaYCy4pfqAI Monetary Policy Report – October 2024: https://senparlvu.parl.gc.ca/Harmony/en/PowerBrowser/PowerBrowserV2?fk=653927&globalStreamId=3 Why this former banking regulator is writing kids books: https://www.npr.org/2024/11/12/1212541658/sheila-bair-fdic-compound-interest-predatory-lenders-kids-books Bank of Canada engages experts to assess internal review of exceptional policy actions during pandemic: https://www.bankofcanada.ca/2024/08/bank-canada-engages-experts-assess-internal-review-exceptional-policy-actions/ Exceptional policies for an exceptional time: From quantitative easing to quantitative tightening: https://www.bankofcanada.ca/2024/06/exceptional-policies-exceptional-time-quantitative-easing-quantitative-tightening/ Freeland says Canada will expand 30-year amortization, raise insured mortgage cap: https://globalnews.ca/video/10757952/freeland-says-canada-will-expand-30-year-amortization-raise-insured-mortgage-cap Mortgage delinquencies rising with Canadians in ‘fragile financial state’: https://globalnews.ca/news/10849864/canada-mortgage-renewals-delinquencies-2025/ Here's why a mortgage broker thinks a 30-year amortization is a 'trap': https://toronto.ctvnews.ca/here-s-why-a-mortgage-broker-thinks-a-30-year-amortization-is-a-trap-1.7086350 Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice. </video> <video> Canada's Finance Minister Resigns Amid Spending Conflict with PM, Tariffs Description: #canadianeconomy #canadaeconomy #chrystiafreeland Canada’s now former Finance Minister Chrystia Freeland abruptly stepped down from her post today, as tensions between her and the Prime Minister over spending and the “Coming Tariff War” boiled over into public view. Links: Giving the Bank of Canada Children's Finance Books for Christmas: https://studio.youtube.com/video/kZXKOp3vyH4/edit The West Block: Nov. 6, 2022 | Freeland cuts Disney+ subscription amid Canada's high living costs: https://www.youtube.com/watch?v=r6QEneCP62c Chrystia Freeland: https://twitter.com/cafreeland Finance Minister Chrystia Freeland quits cabinet the day of fall economic statement: https://halifax.citynews.ca/2024/12/16/cp-newsalert-chrystia-freeland-quits-cabinet-the-day-of-fall-economic-statement/ Impact of mortage rule changes in 2025: https://www.bnnbloomberg.ca/video/shows/the-open/2024/12/16/impact-of-mortage-rule-changes-in-2025/ Canada 5 Year Government Bond: https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx Trudeau makes fresh bid to recruit Mark Carney amid tensions with Freeland: https://www.theglobeandmail.com/politics/article-trudeau-mark-carney-freeland-tensions/ Liberal Housing Minister Sean Fraser resigns from Trudeau's cabinet, won’t seek re-election: https://nationalpost.com/news/canada/liberal-housing-minister-sean-fraser-wont-seek-re-election The GST and HST holiday tax break begins. Here are the items that are covered: https://www.thestar.com/news/canada/the-gst-and-hst-holiday-tax-break-begins-here-are-the-items-that-are-covered/article_376d742c-b181-11ef-aeea-bfef1e6b6f45.html More money in your pocket: The Working Canadians Rebate: https://www.canada.ca/en/department-finance/news/2024/11/more-money-in-your-pocket-the-working-canadians-rebate.html Trump tariff proposal could cost Canadians $1,100 per year, report warns: https://financialpost.com/news/economy/trump-tariff-cost-canadians-1100-per-year Ottawa to expand 30-year amortizations, raise insured mortgage cap: https://globalnews.ca/news/10757723/ottawa-to-expand-30-year-amortizations-raise-insured-mortgage-cap/ Government releases economic statement today as Freeland faces heavy pressure over deficit: https://www.cbc.ca/news/politics/fall-economic-statement-freeland-deficit-1.7410406 Government finance statistics, first quarter 2024: https://www150.statcan.gc.ca/n1/daily-quotidien/240625/dq240625b-eng.htm Trump’s 25% tariff would mean recession for Canadian economy next year, economists warn: https://financialpost.com/news/trump-tariff-recession-canada-next-year-economists-warn Will latest Bank of Canada rate cut boost the housing market? Analysts weigh in: https://financialpost.com/real-estate/bank-of-canada-rate-cut-boost-housing-market Bank of Canada engages experts to assess internal review of exceptional policy actions during pandemic: https://www.bankofcanada.ca/2024/08/bank-canada-engages-experts-assess-internal-review-exceptional-policy-actions/ Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Canada: https://fred.stlouisfed.org/series/LRUNTTTTCAM156S Trump tariff threats cast shadow on Bank of Canada approach: https://www.mpamag.com/ca/mortgage-industry/market-updates/trump-tariff-threats-cast-shadow-on-bank-of-canada-approach/518008 Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice. </video> <video> Bank of Canada Says Stress Tests Limited Price Growth, Delinquencies Description: #bankofcanada #OSFI #canadianrealestate A new study from the Bank of Canada says that OSFI’s 2016 Mortgage Stress Test helped limit delinquencies once it raised rates in 2022/23, while the 2018 Stress Test (which tested everyone) helped limit price/mortgage growth. Links: Mortgage stress tests and household financial resilience under monetary policy tightening: https://www.bankofcanada.ca/2024/11/staff-analytical-note-2024-25/ Bank of Canada's Carolyn Rogers warns against ‘tinkering’ with mortgage market: https://financialpost.com/news/economy/bank-of-canada-carolyn-rogers-mortgage-market Bank of Canada Scolds Trudeau on Mortgage Rules: 'There Is No Free Lunch': https://youtu.be/2Y6p7s8OOpM Posthaste: Five market predictions in the wake of the 'hottest year in Canadian real estate history': https://financialpost.com/executive/executive-summary/posthaste-five-market-predictions-in-the-wake-of-the-hottest-year-in-canadian-real-estate-history OSFI sets new mortgage rules, including stress test for uninsured borrowers: https://www.cbc.ca/news/business/osfi-mortgage-rules-1.4358048 Bank of Canada raises its key interest rate to 5%: https://www.cbc.ca/news/business/bank-of-canada-july-meeting-1.6904330 OSFI maintains Minimum Qualifying Rate for uninsured mortgages: https://www.osfi-bsif.gc.ca/en/news/osfi-maintains-minimum-qualifying-rate-uninsured-mortgages What economists think of Trudeau's temporary tax cut, $250 cheques: https://www.ctvnews.ca/business/what-economists-think-of-trudeau-s-temporary-tax-cut-250-cheques-1.7119637 Freeland says Canada will expand 30-year amortization, raise insured mortgage cap: https://ca.news.yahoo.com/freeland-says-canada-expand-30-161050884.html?guccounter=1 Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice. </video> <video> Global Debt Binge May Force QE + Inflation: Dr. Michael Howell Description: #canadianeconomy #debt #inflation Ongoing government debt requirements could mean the resumption of Quantitative Easing and the monetization of government debt – this according to Dr. Michael Howell of CrossBorder Capital. Links: CrossBorder Capital: https://twitter.com/crossbordercap CrossBorder Capital: https://crossbordercapital.com/ Global debt is fast approaching record $300 trillion – IIF: https://www.reuters.com/business/global-debt-is-fast-approaching-record-300-trillion-iif-2021-09-14/ US Debt Clock: https://www.usdebtclock.org/ Faking Their Way to a Perfect Olympics: https://abcnews.go.com/International/China/story?id=5565191&page=1 Beijing cleans up but air pollution remains: https://www.france24.com/en/20080213-beijing-cleans-but-air-pollution-remains-beijing-olympic-games U.S. Dollar Index (DXY): https://www.marketwatch.com/investing/index/dxy The US Treasury’s Backdoor Stimulus Is Hampering the Fed: https://www.project-syndicate.org/commentary/us-treasury-backdoor-stimulus-while-fed-is-trying-to-tighten-policy-by-nouriel-roubini-and-stephen-miran-2024-08 Reserves of Depository Institutions: Total: https://fred.stlouisfed.org/series/TOTRESNS Assets: Total Assets: Total Assets (Less Eliminations from Consolidation): Wednesday Level: https://fred.stlouisfed.org/series/WALCL Britain targets the wealthy as it hikes taxes by $52 billion: https://www.cnn.com/2024/10/30/business/uk-budget-capital-gains-tax-rachel-reeves/index.html Europe’s Defense Spending May Need to Nearly Double: https://www.bloomberg.com/news/newsletters/2024-11-19/europe-s-defense-spending-may-need-to-nearly-double Chapters 0:00 - Introduction 01:12 – Global Debt Renewal Wave 03:32 – Capital Markets for Debt Refinancing 04:28 – 70 Trillion Per Year 05:15 – Debt-Liquidity Ratio - Financial Crises 06:50 – Liquidity Triggering GFC 09:56 – Dollarized China 11:20 – Dollar Strength 12:56 – Return of Quantitative Easing 15:02 – QE by Another Name 15:45 – Treasury Issuance 17:26 – Debt Monetization 18:24 - Trump Admin Tackling Debt 20:30 – Global Fiscal Pressures 21:34 –Debt Monetization - Inflation 23:46 – Fed Vulnerabilities Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice. </video> <video> Toronto Real Estate Sales 'SURGE' to 3rd Worst Since 2014: Description: #torontorealestate #torontohousingmarket #toronto Toronto Real Estate sales surged upward in November, increasing 40% from the year prior, with First Time Home Buyers facing a dilemma: Wait for the Bank of Canada to cut rates, or try to beat the hyped-up spring 2025 market. Links: TRREB Marketwatch: https://trreb.ca/market-data/market-watch/ Toronto’s first-time homebuyers have saved up and are finally ready to buy — but there’s one thing holding them back: https://www.thestar.com/real-estate/torontos-first-time-homebuyers-have-saved-up-and-are-finally-ready-to-buy-but-theres/article_7920cea2-a5d6-11ef-a1b1-3717a2fb244f.html Toronto’s housing market will boom in 2025, Royal LePage head says — making it the most expensive market in Canada: https://www.thestar.com/business/torontos-housing-market-will-boom-in-2025-royal-lepage-head-says-making-it-the-most/article_a6bf290e-80d2-11ef-a353-93ec64047fd2.html Greater Toronto home sales continue post-rate cut surge: real estate board: https://www.cp24.com/local/toronto/2024/12/04/greater-toronto-home-sales-continue-post-rate-cut-surge-real-estate-board/ Toronto home sales rise as lower interest rates bring buyers back to market: https://financialpost.com/real-estate/toronto-home-sales-rise-interest-rates-fall Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ Suddenly Toronto homes aren’t selling — even desirable ones. Here’s why realtors say owners are to blame: https://www.thestar.com/business/suddenly-toronto-homes-aren-t-selling-even-desirable-ones-here-s-why-realtors-say-owners/article_4c14ef21-7e82-5716-a989-e11b0ce286f4.html GTA Condo Supply Is Approaching A Number “The Market Has Never Seen”: https://storeys.com/gta-condo-supply-40k-units/ By how much could the Bank of Canada cut rates in December?: https://www.mpamag.com/ca/mortgage-industry/industry-trends/by-how-much-could-the-bank-of-canada-cut-rates-in-december/515463 Canadian Mortgage Rates To Rise, Housing Unaffordable Until 2035: Oxford Econ: https://betterdwelling.com/canadian-mortgage-rates-to-rise-housing-unaffordable-until-2035-oxford-econ/ Why three big banks raised fixed mortgage rates despite falling bond yields: https://www.canadianmortgagetrends.com/2024/12/why-three-big-banks-raised-fixed-mortgage-rates-despite-subdued-bond-yields/ Interest Rates: Immediate Rates (24 Hours): Prime Rates: Total for Canada: https://fred.stlouisfed.org/series/IRSTPI01CAM156N Half-point interest-rate cut back in play after meagre third-quarter Canadian GDP growth: https://www.theglobeandmail.com/business/article-meagre-q3-gdp-growth-puts-half-point-interest-rate-cut-back-in-play/ Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice. </video> <video> Canadian Finance Minister Resigns Description: </video> <video> Canada's Inflation Hotter than Expected: Food Prices UP on Weak Dollar Description: #canadianinflation #canadiandollar #canadianeconomy Canada’s inflation rate came in hotter than expected in October, rising 2% year-over-year. The data comes amid concerns that the weak Canadian dollar is putting upward pressure on imports, sending food prices rising. Consumer price index: https://www.statcan.gc.ca/en/subjects-start/prices_and_price_indexes/consumer_price_indexes Canada’s inflation rate ticks back up to two per cent in October, StatCan says: https://www.thestar.com/business/canada-s-inflation-rate-ticks-back-up-to-two-per-cent-in-october-statcan-says/article_46010836-3dc3-5f7f-8551-0571bf0d5e78.html USD/CAD trades with positive bias above 1.4000, looks to Canadian CPI for fresh impetus: https://www.fxstreet.com/news/usd-cad-trades-with-positive-bias-above-14000-looks-to-canadian-cpi-for-fresh-impetus-202411190852 Canada's inflation could rise, but won't derail progress: https://www.mpamag.com/ca/mortgage-industry/market-updates/canadas-inflation-could-rise-but-wont-derail-progress/514286 'It's all caught up to us now': Low Canadian dollar hits locally owned grocery store: https://ottawa.ctvnews.ca/it-s-all-caught-up-to-us-now-low-canadian-dollar-hits-locally-owned-grocery-store-1.7114012 Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ Why the Dollar Keeps Getting Stronger: https://www.nytimes.com/2024/11/14/business/strong-dollar-trump.html Inflation rate ticks up, thwarting hopes of bigger Bank of Canada cut: https://financialpost.com/news/economy/canadas-inflation-rate-ticks-up-october Inflation rate drops to 1.6% in September: https://www.cbc.ca/news/business/canada-inflation-september-1.7352260 ‘Trump trade’ sees loonie fall to four-year low against U.S. dollar: https://www.theglobeandmail.com/business/article-trump-win-canada-us-exchange-rate/ U.S. Dollar Index (DXY): https://www.marketwatch.com/investing/index/dxy The Canadian dollar is weak, and it will likely stay that way for months, expert says: https://www.ctvnews.ca/business/the-canadian-dollar-is-weak-and-it-will-likely-stay-that-way-for-months-expert-says-1.7114017 U.S. 2 Year Treasury Note: https://www.marketwatch.com/investing/bond/tmubmusd02y?countrycode=bx Canada 2 Year Government Bond: https://www.marketwatch.com/investing/bond/tmbmkca-02y?countrycode=bx Strong US data feeds doubts about Fed December rate cut: https://www.reuters.com/markets/us/strong-us-data-continues-reshaping-fed-views-pace-extent-rate-cuts-2024-11-15/ Posthaste: Canada's record economic gap with the United States is about to get wider: https://financialpost.com/news/canada-record-economic-gap-u-s-to-get-wider Dollar retains strength against peers on Trump trade: https://www.reuters.com/markets/currencies/dollar-one-year-high-trump-trade-momentum-eclipses-fed-easing-view-2024-11-14/ Goldman Sees Dollar ‘Stronger for Longer’ in a New Tariff Regime: https://www.bnnbloomberg.ca/investing/2024/11/18/goldman-sees-dollar-stronger-for-longer-in-a-new-tariff-regime/ Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice. </video>

Contacts and Links

Description

My name is Mark Mitchell and I am a Mortgage Broker in London Ontario, providing Mortgages to London Ontario and surrounding area. This channel features information and tips on mortgages and real estate in London Ontario, St Thomas and surrounding area.

My channel focuses on:
- Mortgages in London Ontario
- Real Estate in London Ontario
- Canadian Interest Rates and their Effects on Real Estate
- The interplay of politics and economics

On a professional note, my areas of expertise include:

- First Time Home Buyers
- Mortgage Pre-Approvals
- Mortgage Refinancing
- Refinancing with Bad Credit
- Private Mortgage Lenders
- Second Mortgages


Mark Mitchell – Mortgage Broker London Ontario
Available Days, Nights, Weekends
(519)860-2102 (Call or Text)
https://www.LondonOntarioMortgages.ca
Broker Lic: M16001479
Brokerage Lic: 10464

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