Mortgagenomics Canada

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A new federal budget, a renewed inflation target and a weak jobs report all landed in the same week, and some of the headlines sound like bigger news than they really are. Ten percent down on a fourplex and new homes opening up to foreign buyers both sound great, until you read the fine print. I break down what actually changed, what hasn’t, and a little-known renewal fact every homeowner should know. Read the full article, or if you’d rather watch, the video covers it all in a few minutes.

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Contact Marko Gelo, he's a Mortgage Broker!

604-800-9593 cell/text Vancouver

403-606-3751 cell/text Calgary

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The Bank of Canada rate hike to 2.50% is its first since 2023, and history says we can expect more to come.

In this article, I dig into why the Bank hiked, why one-and-done rate hikes are basically Canadian unicorns, and what the market is pricing in for December and beyond. I also talk about how the hike hits adjustable-rate mortgages, static-payment variables and fixed-rate borrowers, and why variable rate mortgages could still be an attractive strategy.

Other points covered: the mortgage renewal wave is wrapping up over the next 12 months, the key dates to watch (November 16 inflation data and the December 9 rate decision), and my mortgage tip of the week on reading your approval conditions.

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Contact Marko Gelo, he's a Mortgage Broker!

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Inflation is back up to 3.1%, the bond market is pricing a Bank of Canada hike as early as this Wednesday, and fixed rates have already started moving — while prices in Vancouver, Calgary and Edmonton keep softening. That's a strange window for your buyers and sellers: homes are cheaper, but borrowing could get pricier within days. Here's how the seven storylines fit together, and what it means for anyone with a purchase, renewal, or variable rate in play before October 28.

CLICK HERE to be redirected to Mortgagenomics Canada Podcast YouTube Channel

CLICK HERE to download Marko's award-winning Mobile Mortgage App!

Hosted on Acast. See acast.com/privacy for more information.

Contact Marko Gelo, he's a Mortgage Broker!

604-800-9593 cell/text Vancouver

403-606-3751 cell/text Calgary

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In this episode of Mortgagenomics Canada, I break down five stories from this past week that could move your interest rate or the value of your home. We cover why bond yields are driving fixed rates higher ahead of the October 28 Bank of Canada announcement, where variable and fixed rates sit today, and what CREA's latest numbers say about the Canadian housing market, including the big drops in Victoria, Vancouver and Toronto.

We also look at Alberta's referendum day and its cooling real estate market, why hot U.S. inflation matters for your Canadian mortgage, and the "K-shaped economy" squeezing highly leveraged homeowners heading into mortgage renewals. If you're renewing in the next six to twelve months, this one is for you.

CLICK HERE to be redirected to Mortgagenomics Canada Podcast YouTube Channel

CLICK HERE to download Marko's award-winning Mobile Mortgage App!

Hosted on Acast. See acast.com/privacy for more information.

Contact Marko Gelo, he's a Mortgage Broker!

604-800-9593 cell/text Vancouver

403-606-3751 cell/text Calgary

Call Marko via WhatsApp

homefinancingsolutions.ca

Welcome to the (very first) Mortgagenomics Weekly Wrap-Up. I break down the biggest economic, market and housing headlines and connect each one to your mortgage rate. This week: the September jobs report, the falling loonie and what it means for Alberta, why bond yields are pushing fixed rates higher, the odds of a Bank of Canada rate hike on October 28, the B.C. election tax debate, and the end of the federal foreign buyer ban.

We finish with the Mortgagenomics Scoreboard of home prices and rates, plus a sobering look at Canada's record-low fertility rate and what it takes to afford a family home in Vancouver.

CLICK HERE to be redirected to Mortgagenomics Canada Podcast YouTube Channel

CLICK HERE to download Marko's award-winning Mobile Mortgage App!

Hosted on Acast. See acast.com/privacy for more information.

Contact Marko Gelo, he's a Mortgage Broker!

604-800-9593 cell/text Vancouver

403-606-3751 cell/text Calgary

Call Marko via WhatsApp

homefinancingsolutions.ca

With qualification rules as tight as they are, many buyers with strong savings are being told their income isn't enough — and the go-to suggestion is often to sell investments and put more down. What surprises most people is that there's a little-known lender guideline that can put those investments to work without selling them, and even many bankers have never heard of it. In this week's episode, I explain how it works, who it's designed for and the one condition you can't skip. If you've got money invested and a modest income on paper, this one is worth a listen.

CLICK HERE to be redirected to Mortgagenomics Canada Podcast YouTube Channel

CLICK HERE to download Marko's award-winning Mobile Mortgage App!

Hosted on Acast. See acast.com/privacy for more information.

Contact Marko Gelo, he's a Mortgage Broker!

604-800-9593 cell/text Vancouver

403-606-3751 cell/text Calgary

Call Marko via WhatsApp

homefinancingsolutions.ca

With fixer-uppers sitting longer and sellers more open to offers, dated homes are quietly becoming some of the best buys in both BC and Alberta. What most buyers don't realize is that you can roll the cost of renovations right into your mortgage — before a single wall has been painted. In this episode, I walk through how lenders fund a renovation that hasn't happened yet, and the one Vancouver-specific catch you need to know before you write an offer.

CLICK HERE to be redirected to Mortgagenomics Canada Podcast YouTube Channel

CLICK HERE to download Marko's award-winning Mobile Mortgage App!

Hosted on Acast. See acast.com/privacy for more information.

Contact Marko Gelo, he's a Mortgage Broker!

604-800-9593 cell/text Vancouver

403-606-3751 cell/text Calgary

Call Marko via WhatsApp

homefinancingsolutions.ca

Most people assume fixed mortgage rates move randomly, or that only lenders know when a change is coming — neither is actually true. There's a specific pattern that shows up in the market days before a fixed rate hike or drop, and it's not something anyone ever bothers to explain. It's genuinely something brokers watch every single day, and once you know what it is, rate timing stops feeling like a guessing game. Here's exactly what to watch, and how to use that window to your advantage.

CLICK HERE to be redirected to Mortgagenomics Canada Podcast YouTube Channel

CLICK HERE to download Marko's award-winning Mobile Mortgage App!

Hosted on Acast. See acast.com/privacy for more information.

Contact Marko Gelo, he's a Mortgage Broker!

604-800-9593 cell/text Vancouver

403-606-3751 cell/text Calgary

Call Marko via WhatsApp

homefinancingsolutions.ca

If you're not a Canadian citizen or PR and you're eyeing a home in Vancouver, Victoria, or Kelowna, there are two rules to be aware of. A lot of buyers clear the first hurdle and assume they're done, only to find out the second one applies completely independently. I break down exactly who's exempt from what, in BC and in Alberta, in this week's episode.

CLICK HERE to be redirected to Mortgagenomics Canada Podcast YouTube Channel

CLICK HERE to download Marko's award-winning Mobile Mortgage App!

Hosted on Acast. See acast.com/privacy for more information.

Contact Marko Gelo, he's a Mortgage Broker!

604-800-9593 cell/text Vancouver

403-606-3751 cell/text Calgary

Call Marko via WhatsApp

homefinancingsolutions.ca

The last few days handed us a genuinely unusual run of headlines — Canada's global investment pitch, a brand new tax break, a surprise offer from the EU, and the Fed's first rate hike in three years, all within days of each other. Any one of these could turn into something much bigger over the next few months, and every one of them eventually ties back to what the Bank of Canada does on October 28th — the economics behind your mortgage, which is exactly what Mortgagenomics is about. Here's a quick recap of what actually happened, and what it could mean for your rate.

CLICK HERE to be redirected to Mortgagenomics Canada Podcast YouTube Channel

CLICK HERE to download Marko's award-winning Mobile Mortgage App!

Hosted on Acast. See acast.com/privacy for more information.