Is your mortgage renewal about to get a lot more expensive?
In this episode of Make Money Count, Marcus and Justin dig into Canada's April CPI numbers and why the story behind the data is one every Canadian borrower needs to hear. Gas prices at a record high, groceries quietly bleeding your budget, and fixed rates with nowhere to go but up. A lot is happening right now and most people do not even see it coming.
We break down:
Why April CPI is being driven by gas and food and what that means for interest rates
Is your mortgage renewal about to get a lot more expensive?
In this episode of Make Money Count, Marcus and Justin dig into Canada's April CPI numbers and why the story behind the data is one every Canadian borrower needs to hear. Gas prices at a record high, groceries quietly bleeding your budget, and fixed rates with nowhere to go but up. A lot is happening right now and most people do not even see it coming.
We break down:
- Why April CPI is being driven by gas and food and what that means for interest rates
- What 40% higher gas prices since the war actually means for your monthly mortgage payment
- How a conflict in the Middle East is directly moving Canadian fixed rates right now
- Why the Bank of Canada may surprise everyone and hold rates despite the pressure
- The exact mortgage move Marcus is recommending to every Canadian borrower today
This episode is not about panic. It is about getting ahead of what the data is already telling us, understanding what is really at stake, and making the right call before the window closes.
If you have a renewal coming up in the next few months, do not scroll past this one.
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