Angry Mortgage Bank Of Canada Aftermath | EP. 146
Nov 4, 2025
Sasha Frabri, a mortgage salesperson at Butler Mortgage, joins to dissect the recent Bank of Canada rate cut and Tiff Macklem's surprising remarks that sent bond yields soaring. They dive into the differences between variable and fixed mortgage rates, dissecting the risks of switching and hidden costs that might catch borrowers off guard. Additionally, Sasha sheds light on current market trends, including rising pre-approval timelines and regional variations in house prices. Insightful advice is shared on whether now is the right time to buy or wait.
AI Snips
Chapters
Transcript
Episode notes
Central Bank Words Move Markets
- Tiff Macklem's comment that he was "finished for now" caused bond yields to spike and threatened higher fixed mortgage rates.
- Ron Butler warns central bank commentary can move bond markets faster than rate cuts themselves.
Monitor Variable Rates Religiously
- If you take a variable mortgage, monitor Bank of Canada moves because your rate tracks them directly.
- Sasha Frabri and Ron Butler say commit to regular vigilance or choose a fixed term instead.
Expect Conversion Costs From Variable To Fixed
- You can usually switch a variable mortgage to a fixed term with the same lender, but lenders rarely preserve the original low rate.
- Expect posted fixed rates to be 20–70 basis points higher when converting, so plan for that cost.