Blog
December 29, 2025
The year in money: notable personal finance changes for 2025
The Canadian Press ~ Dec 11, 2025 TORONTO – There’s been a lot to keep up with this year, so it’s easy to have missed new developments on the personal finance front even if they might mean more money in your pocket. To help stay up to date, here’s a […]
December 22, 2025
Self-employed at renewal? Why small changes can complicate your mortgage
Canadian Mortgage Trends ~ December 22nd, 2025 Renewing with your current lender is often straightforward, even if you are self-employed, but things change quickly if you want to refinance, switch lenders, or add someone to your mortgage For many Canadians, a mortgage renewal is quick and painless. If a mortgage […]
December 14, 2025
Bank of Canada maintains policy rate at 2¼%
The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. Major economies around the world continue to show resilience to US trade protectionism, but uncertainty is still high. In the United States, economic growth […]
November 30, 2025
More Canadians are missing non-mortgage debt payments, says Equifax
CBC News ~ November 26th, 2025 Equifax Canada says the number of consumers missing a non-mortgage debt payment in the third quarter rose compared with a year ago. The company says the 90-day non-mortgage balance delinquency rate was 1.63 per cent, up 14 per cent compared with the third quarter […]
November 13, 2025
Mortgage rates await the fate of Trump’s tariffs
Financial Post ~ November 6th, 2025 The path for rates now largely rests on how much harder (or lighter) Trump hits Canada with tariffs With United States President Donald Trump’s tariff policy still fogging up Canada’s economic outlook, mortgage rates remain in a two-year downtrend. And yet, despite the Bank […]
October 30, 2025
Bank of Canada lowers key interest rate to 2.25%, suggests it’s done cutting rates for now
CBC News ~ October 29th, 2025 The Bank of Canada lowered interest rates to 2.25 per cent on Wednesday, but cautioned that monetary policy can’t fix the structural economic damage caused by the U.S. trade war. The central bank said it made the 25-basis-point cut as weakness ripples through the […]
October 13, 2025
Strong September jobs report could derail Bank of Canada rate cut in October
Canadian Mortgage Trends ~ October 10th, 2025 Canada added 60,400 jobs in September, erasing August’s losses and raising the odds of a Bank of Canada rate pause later this month. The stronger-than-expected rebound immediately sparked questions about whether the central bank will follow through with another cut at its Oct. […]
September 30, 2025
First-time buyers delaying home purchases another year despite improved market: poll
Canadian Mortgage Trends ~ September 25th, 2025 Potential first-time homebuyers are continuing to put off purchases this year despite improving market conditions such as lower interest rates, rising inventory and softening prices, a new report says. The data from Royal LePage’s latest first-time homebuyers survey, conducted by Burson, […]
September 20, 2025
Renewing your mortgage? What the Bank of Canada’s rate cut means for you
Global News ~ September 20th, 2025 As the Bank of Canada on Wednesday lowered its overnight benchmark by 25 basis points from 2.75 per cent to 2.5 per cent, experts say homeowners looking to renew their mortgages have a chance to save. Commercial lenders, like private banks, base their rates […]
September 19, 2025
Bank of Canada lowers policy rate to 2½%
September 17th, 2025 The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%. After remaining resilient to sharply higher US tariffs and ongoing uncertainty, global economic growth is showing signs […]
