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In this episode, Alex Pang and Alex Shanks cover a range of important economic updates, including Canada’s improving unemployment rate, inflation trends, banking scandals, and global financial news. Stay tuned for in-depth discussions on what these developments mean for Canadians and the broader financial landscape.

Topics Covered:

• Canada's Unemployment Rate and Wage Growth
• Inflation Trends
• Big Bank Predictions for Interest Rate Cuts
• TD Bank’s $3 Billion Fine in the US
• China’s Crackdown on Foreign Wealth
• Evergrande Real Estate Collapse
• Political Developments in Canada
• BC Election Update

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• Alex Pang
• Alex Shanks

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In this episode, Alex Pang and Alex Shanks break down significant changes announced by the government regarding insured refinances, bond yields, and the volatile geopolitical climate.

Topics Covered:

• Government to Allow Insured Refinances at 90% Loan-to-Value (LTV) Starting January 2025
• Government Plans to Tax Vacant Land
• Bond Yields and Rate Predictions
• Geopolitical Unrest and Its Impact on Canada

Tune in for an in-depth discussion of these critical issues affecting homeowners, investors, and the Canadian housing market.

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• Alex Pang
• Alex Shanks

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Episode Description:
In this episode of The Canadian Mortgage Show, Alex Pang and Alex Shanks discuss the latest updates impacting homebuyers and mortgage holders in Canada. From OSFI’s removal of the stress test for uninsured mortgage renewals to new government deals for affordable housing in BC, and the details of the $1.5M insured mortgage cap for first-time homebuyers—there’s a lot to unpack. They also answer listener questions in the Viewer Mailbag segment. Don’t miss out on the insights that could save you thousands on your next mortgage or home purchase!

Topics Covered:

1. OSFI Removes Stress Test for Uninsured Mortgage Renewals (Effective Nov 21st)
2. BC Government Partners with First Nations for Affordable Housing Development
3. Insured Mortgage Cap Raised to $1.5M for First-Time Homebuyers
4. BC’s Record-Low Fertility Rate & Canada’s Demographic Decline
5. Bill C-71 – Citizenship Act Amendment

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Alex Pang - ‪@alexpangmortgage‬
Alex Shanks - @alexshanksmortgagemanagement