As of October 5, 2026, fixed mortgage pricing is rising with bond yields while variable holds steady. Stephen Green breaks down what that gap means for buyers and renewers, why you need to understand the variable product you choose, and what's happening in the Kitchener-Waterloo, Cambridge, London and St. Thomas markets.

In this episode:
• Bond yields, fixed mortgages and the coming rush to variable
• Static vs adjustable variable mortgages explained
• Lessons from the 2022 increases
• Why your broker should be monitoring your variable
• Months of inventory and price risk for sellers
• Stelco layoffs, manufacturing jobs and unemployment
• What's next: inflation data October 19, Bank of Canada October 28

Key takeaways:
1. Fixed mortgages follow bond yields; variable follows prime. They don't always move together.
2. A fixed-variable gap of roughly 0.75–1% has historically pushed borrowers toward variable.
3. Know your product: a static variable keeps your payment the same; an adjustable variable changes your payment when prime moves.
4. If you choose variable, make sure someone is monitoring it with you. Many lenders let you convert to a fixed term for your remaining term.
5. Get pre-approved early. A rate hold can protect your affordability while you shop.
6. Sellers: higher inventory means longer selling times and more price risk. Price to today's market.
7. Watch unemployment. It's one of the clearest early signals for the economy and housing.

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YouTube: https://www.youtube.com/channel/UCZwLHIk2V8EIkDeRVx4EjwA
Apple Podcasts: https://podcasts.apple.com/us/podcast/the-green-effect-podcast/id1434969273
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Website: https://thefinancialcollective.ca
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Phone: 519-500-1789 | Email: stephen@thefinancialcollective.ca

General information only, not personal financial or mortgage advice.

Stephen Green, Mortgage Broker — The Financial Collective | Better Mortgage Choice, FSRA Lic. #13496