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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 "slow bleed."

Chapters (estimated):
00:00 – Intro
00:45 – Middle-age dad mode, Under Armour & Costco
04:00 – Buying a house with a pool: the real monthly cost
09:00 – Bank of Canada overnight rate vs. your prime rate
13:00 – What Tiff Macklem actually said
17:00 – Southwestern Ontario's slow-bleed economy
20:00 – Market update: fixed vs. variable & bonds
23:00 – House prices & the coming scarcity squeeze
26:00 – The refinance appraisal problem
28:00 – The Claude AI / Cowork rabbit hole
33:00 – 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 2–4 years (and condos in 5–10)
- The refinance appraisal problem — homes coming in $25K–$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

📌 Got a mortgage renewal coming up? Don't sign the bank's letter first. Book a free mortgage review:
https://refertogreen.ca/h2z

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Stephen Green, Mortgage Broker — The Financial Collective. FSRA #13496.