How Canadian Bank Make Profits?

In the latest episode of Make Money Count with Marcus Tzaferis, we unravel the relationship between Canadian bond yields & mortgage rates. Brace yourself for a jaw-dropping revelation that will change the way you perceive mortgage financing!

Bond Yields Exposed: Marcus takes us back 20 years, unveiling the not-so-secret connection between government bond yields and mortgage rates. The shocking truth? It’s a cat-and-mouse game where banks maximize profits at the expense of the average Canadian consumer.

Portfolio Insurance Fallout: Discover the aftermath of the Liberal government’s decision to end portfolio insurance in 2016. Marcus exposes the two-tiered interest rate system. Leaving us to question if the removal of portfolio insurance was truly in the best interest of Canadian taxpayers.

Charts Unveiling Trends: Dive deep into the charts with Marcus as he analyzes the shifts in bond yields from July to November. The five-year fixed rate, the one-year, and the variable rate—all dissected to reveal how the banks are strategically adjusting their profit margins.

Bank Tactics Exposed: Learn how banks are playing a clever game with consumers, subtly influencing their mortgage choices. From the three-year fixed rates to the one-year options, Marcus breaks down the tactics banks use to squeeze out every bit of profit.

Consumer Beware: Marcus warns Canadian consumers about the hidden motives of banks and urges them to seek unbiased advice from independent mortgage brokers. With insightful commentary on where to find reliable information, this episode empowers you to make informed decisions.

Navigating the Mortgage Maze: In a cat-and-mouse scenario between banks and consumers, Marcus provides guidance on choosing between a one-year fixed and a five-year variable. A must-watch for anyone planning to navigate the complex world of mortgages in Canada!

Portfolio Insurance Impact: If you own a home valued over $1 million with more than 20% equity, this episode exposes how the removal of portfolio insurance has significant implications for you. Don’t miss the chance to gain valuable insights and leave your questions in the comments for a potential follow-up episode!