Blog
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 […]
August 15, 2025
Canada’s housing market is in ‘new normal.’ It looks like the ‘old normal’
Global News ~ August 2nd, 2025 With the Bank of Canada holding interest rates again, economists and real estate experts say the housing market’s “new normal” may be looking more and more like the “old normal” from before the COVID-19 pandemic. “What we have now with more supply in the […]
July 28, 2025
Homebuilders navigate higher material costs, uncertain supply chains amid trade war
Canadian Mortgage Trends ~ July 28th, 2025 As a tariff storm blew in from south of the border earlier this year, many industries in Canada, including the home building sector, feared the unknown ahead of them. With stakeholders already keenly aware of the need to rapidly scale up housing supply […]
July 14, 2025
Posthaste: Canada’s mortgage renewal wave close to cresting with some Canadians set to save a ‘whopping $1,480’ a month
Financial Post ~ July 11th, 2025 A large mortgage renewal wave is approaching, with many homeowners facing a tougher financial road ahead than others, a report by TD Economics says. “About 60 per cent of outstanding mortgages will renew by the end of 2026, and 40 per cent are expected […]
July 8, 2025
Bank of Canada’s future path for interest rates still cloudy
Financial Post ~ June 17th, 2025 There is a diversity of views among members of the Bank of Canada’s governing council on the best path forward for interest rates as they assess the pressures that trade disruptions could have on inflation, according to a summary of their deliberations released on […]
June 22, 2025
Will the conflicts in the Middle East affect mortgage rates?
Robert McLister: Oil spikes only become a real headache if war-fuelled inflation drags on for more than a matter of monthsFinancial Post ~ Jun 20, 2025 Few economic shocks rattle family budgets more than rising borrowing costs. That’s one reason why wars that rocket oil prices are bad for Canadians’ […]
June 5, 2025
Many homeowners plan to rein in spending as mortgage payments rise upon renewal: TD
CTV News ~ June 5th, 2025 TORONTO — Nearly half of homeowners facing a mortgage renewal in the next year expect their monthly payments to go up — with many anticipating having to adjust their budget to keep up with the higher cost, a survey published on Thursday shows. A […]
June 4, 2025
Bank of Canada Interest Rate Announcement
OTTAWA – On Wednesday, June 4, 2025, the Bank of Canada will announce its decision on the target for the overnight rate. A press release will provide a brief explanation of the decision. Click here to read the full statement.
June 1, 2025
Paying mortgage into retirement? Here’s how you could plan your finances
Global News ~ May 31st, 2025 A generation ago, it would have been unthinkable for many Canadians to carry the mortgage on their home into retirement. But for many on the cusp of retirement now, that’s no longer the case. A survey of 1,626 Canadians conducted by real estate firm […]
