Short answer:
1) Significant number of Canadians locking from variable into fixed rates out of fear rather than doing the actual math
2) Banks report record earnings as the result of the previous point
3) A ”Net” zero increase in prime rate (relating to variable rates) by year end. Might go up and then back down
4) The few remaining banks outside of the channel come into the broker channel or working towards it by year end.
5) 2020 Broker share will exceed 40% of market share
6) 35% down payment on investment residential properties
7) By 2026, Canada’s population will have increased by 4 Million
Long version:
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