Bank of Canada Holds, 42,000 Jobs Lost, Waterloo Housing Market Update
Release Date: 09/08/2026
Bank of Canada Holds, 42,000 Jobs Lost, Waterloo Housing Market Update
The Green Effect Podcast
The Bank of Canada held the overnight rate this week, and almost every headline stopped there. The more useful information was in the press conference, where the Bank said it is not ruling out an increase — because tariffs are inflationary and inflation has climbed to the top of their tolerance band. In this episode Stephen Green breaks down what the central bank actually signalled, why headline inflation of 3% and core inflation of 2.2% tell two different stories, and what a soft August jobs report means for Canadian housing this fall. In this episode: - The Bank of Canada held, but...
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The Green Effect Podcast
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The Green Effect Podcast
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The Green Effect Podcast
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The Green Effect Podcast
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The Green Effect Podcast
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The Green Effect | Season 6, Episode 12 We are back with a jam-packed episode of The Green Effect, and Stephen is pulling absolutely no punches today. From chaotic wine country weddings and frustrating credit card fraud to deep-diving into whether we are in a "real" recession or just a half-assed make-believe one, we are covering it all. First up, Stephen shares a crucial warning on the rise of financial fraud. Learn the exact pattern scammers use to test your cards, why you need to stop texting or emailing your sensitive documents immediately, and the credit-monitoring tools that won't wreck...
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The Green Effect Podcast
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Bank of Canada Hold | Market Fragility | Why Rates Aren’t Everything
The Green Effect Podcast
"Life is stupid expensive." In Season 6, Episode 10 of The Green Effect, Stephen Green cuts through the noise of the latest Bank of Canada meeting and the quarterly monetary report to explain what’s actually happening on the ground for Canadian homeowners and investors. We’re in a market defined by "fragility," and if you aren't prepared for the hidden costs of real estate, you’re flying blind. Stephen dives into the "supply and demand" story that no one is telling—from the massive glutton of rental inventory hitting the market to the plummeting numbers of single-family building...
info_outlineThe Bank of Canada held the overnight rate this week, and almost every headline stopped there. The more useful information was in the press conference, where the Bank said it is not ruling out an increase — because tariffs are inflationary and inflation has climbed to the top of their tolerance band.
In this episode Stephen Green breaks down what the central bank actually signalled, why headline inflation of 3% and core inflation of 2.2% tell two different stories, and what a soft August jobs report means for Canadian housing this fall.
In this episode:
- The Bank of Canada held, but explicitly did not rule out an increase
- Inflation hit 3% on the headline; strip out fuel and it is 2.2%
- Bond yields moved roughly 20 basis points across the month, and fixed mortgage pricing followed
- Canada lost 42,000 jobs in August, concentrated in full-time work
- Ontario shed 18,000 jobs; unemployment sits at 6.9% against 6.4% nationally
- Weak immigration is slowing population growth and reshaping the labour numbers
- Waterloo Region: sales down roughly 11%, new listings down roughly 15%, 36 days on market, 3.5 months of inventory
- Sellers are rejecting offers conditional on the sale of a buyer's property
- The new TFC app — no signup, no account, works on any device
Key takeaways:
1. Read the Bank of Canada's comments, not just the decision. The decision is the smaller half of the story.
2. Follow the employment numbers. If people are not working, they are not buying, and housing follows.
3. If you are carrying a renewal or a purchase into the fall, talk to a broker early rather than late.
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Website: https://thefinancialcollective.ca
Stephen Green, Mortgage Broker — The Financial Collective | Better Mortgage Choice, FSRA Lic. #13496 | 519-500-1789 | stephen@thefinancialcollective.ca