SPECIAL FEATURE April 12, 2023 - Bank of Canada Update

The Mortgage Life

Pete and Mindy discuss today's Bank of Canada rate announcement with Professor Tom Davidoff from UBC Sauder School of Business.

Thomas Davidoff holds a BA from Harvard, an MPA/URP from Princeton, and a PhD from MIT. He holds the Stanley Hamilton Professorship in Real Estate Finance and is the Director for the UBC Centre for Urban Economics and Real Estate. He is also an Associate Professor of the Strategy and Business Economics Division at the Sauder School of Business, University of British Columbia.

Professor Davidoff talks about how the unchanged rate actually gets felt in the economy - from your mortgage rate today to the expected mortgage rates in the near future and the effects on house prices. Have a listen!