Central Banks AREN'T Your Friends

The Bank of Canada now says home prices need to fall to restore affordability—but that’s a sharp reversal from its stance during the pandemic, when it actively supported the surge in housing. After years of policies that helped fuel the run-up, the central bank is now acknowledging what was clear all along: prices became detached from affordability. The shift raises a bigger question—was this a change in reality, or just a change in priorities. #housingmarket2026 #bankofcanada #canadarealestate Interest rate announcement / Annonce du taux directeur: https://www.youtube.com/watch?v=nfqf1cUaun4&t=4s An anchor of stability in uncertain times / Un pilier de stabilité en période d’incertitude: https://www.youtube.com/watch?v=kLVCs5cDN7E&list=PLy27bG2GkwjzE4S6AW09kst44G-nuUJRU&index=1&t=1382s Media availability on February 23, 2021 / Point de presse le 23 février 2021: https://www.youtube.com/watch?v=SCPRtDPUMwI Speech by Toni Gravelle / Discours de Toni Gravelle: https://www.youtube.com/watch?v=JLLZiXqSBzQ Release of the Financial System Review / Publication de la Revue du système financier: https://www.youtube.com/watch?v=mg0Q6b828ZA Bank of Canada governor Tiff Macklem addresses Halifax Chamber of Commerce – October 6, 2022: https://www.youtube.com/watch?v=MpeGAypzJuI Rogers of BoC says house prices need to fall to restore affordability: https://www.mpamag.com/ca/mortgage-industry/industry-trends/rogers-of-boc-says-house-prices-need-to-fall-to-restore-affordability/569363 An anchor of stability in uncertain times: https://www.bankofcanada.ca/2026/03/an-anchor-of-stability-in-uncertain-times/ Monetary aggregates: https://www.bankofcanada.ca/rates/indicators/key-variables/monetary-aggregates/ Bank of Canada plans to keep interest rate near zero until 2023: https://www.cbc.ca/news/canada/bank-of-canada-rate-decision-1.5779813 Government budget deficit: https://countryeconomy.com/deficit Bank of Canada better at handling supply shocks after 'difficult' inflation lesson, says deputy: https://financialpost.com/news/economy/bank-of-canada-learned-from-inflation-surge Economists see oil spike costing Canada jobs, raising inflation: https://financialpost.com/commodities/energy/oil-gas/economists-oil-spike-canada-jobs-raising-inflation Bank of Canada governor Tiff Macklem addresses Halifax Chamber of Commerce – October 6, 2022 : https://www.youtube.com/watch?v=MpeGAypzJuI 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