Canada's job boom just made mortgages cost more

Canada added 88,000 jobs in May against a forecast of 10,000, and bond yields jumped on the news. In this one I break down what that actually does to fixed vs variable, why a strong economy makes your fixed rate more expensive, and how to plan your renewal around it. 🛠️ FREE TOOLS & RESOURCES: 📊 Calculate your renewal payment difference: https://www.getflowmortgage.ca/smart/calculator PREPARE Framework - Decide on Your Mortgage Fixed or Variable in 7 Questions https://mbp.getflowmortgage.ca/prepareframework WealthFlow Newsletter - Weekly market data & Economic Updates https://zfrmz.com/4hiodTOpjIgqNIy7fvmM 💰WORK WITH US: Book a free strategy call https://getflowmortgage.ca/contact Flow Mortgage Co https://getflowmortgage.ca 🌊🌊🌊 🎙️ Make sure to check out our brand new podcast, "The Flow: Real Estate & Money Show" wherever you listen to podcasts. https://podcasters.spotify.com/pod/show/the-flow-show-real-estate 🌐If this content lights a bulb for you, give us a like, share, and make sure you're subscribed to Flow Mortgage Co. 🌊🌊🌊 For daily content make sure to follow us on social media! 🌊 Flow Instagram: https://www.instagram.com/flowmortgageco/ 🐶 Alex's Instagram: https://www.instagram.com/themortgagepug/