On September 2nd, the Bank of Canada left its overnight rate unchanged. Many believe this means that fixed mortgage rates will also remain stable. But this is not accurate. Bond yields continue to trend upward, which is putting serious upward pressure on fixed mortgage rates. A few lenders have already increased and I would expect [...]
The Bank of Canada just hit pause again, holding its rate for the seventh consecutive time. The overnight rate remains at 2.25%, which is what mortgage lenders use to set their prime rate, which will remain at 4.45%. So, what does this mean for your mortgage? It means that floating rate products such as variable-rate [...]
A fresh round of Canada-U.S. tariffs has put mortgage rate watchers on alert. After negotiations broke down over the weekend, approximately $20 billion of Canadian exports to the United States were hit with 50% US tariffs. Prime Minister Mark Carney has said Canada will respond dollar for dollar, announcing retaliatory tariffs on Tuesday, covering approximately [...]
Some Canadians are hoping for another Bank of Canada rate cut before the end of 2026, but this is something the current forecasts do not support. But that does not mean the outlook is settled. Canada is dealing with several issues that could impact mortgage rates. President Trump’s proposed 50% tariffs on Canadian goods have [...]
You have an accepted offer to purchase a new home... but there’s just one problem: your down payment is coming from the sale of your current home, which closes at a later date than the purchase. In other words, you won't have the funds in time for the closing of the new property. That timing [...]
Being an entrepreneur takes serious drive and dedication. You take the risks, you put in the long hours, and you build something from the ground up. But when it comes time to buy a home, you might feel like you're being penalized for your success... which is more than a little frustrating. As a former [...]
It should come as no surprise that Trump is now threatening a new wave of tariffs on Canada. I still scratch my head, wondering if Trump actually understands that tariffs are paid by the US importers of Canadian goods, therefore driving up prices for Americans. Particularly given the inflation problem, not just in the US, [...]
Everyone loves a bargain... whether it’s a half-price designer coat or a loyalty-point haul at the grocery store, that dopamine hit of "saving money" is real. But when it comes to your mortgage, hunting for the lowest number on a screen can seem like the right move. After all, the lower the rate, the more [...]
Another scheduled announcement, another hold. This morning, the Bank of Canada confirmed what many were expecting: the policy interest rate isn’t going anywhere just yet. Today, Wednesday, July 15, 2026, the Bank of Canada (BoC) announced it is holding its key policy interest rate steady at 2.25%. This marks the sixth consecutive time BoC Governor [...]
If you took a 5-year fixed mortgage back in 2021, you probably felt like you’d won the lottery when you locked in a mortgage rate somewhere between 1.29% and 1.79%. It was essentially the era of "free money," which was like rocket fuel for the housing boom. Now fast-forward to 2026. Approximately 1.15 million Canadians [...]
