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… Read More

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.

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 […]

Financial Post ~ May 9th, 2025 Mortgage rates need to drop to three per cent to get Canada’s housing market and homebuyers fired up again, say some industry watchers. The lowest rate for a five-year fixed-rate mortgage, preferred by many Canadian buyers and homeowners, is currently 3.74 per cent, according […]

Canadian Mortgage Trends ~ April 29th, 2025 The Liberals, under the new leadership of Mark Carney, have secured a fourth consecutive term in office following Monday’s federal election, forming another minority government. While the result maintains the status quo in terms of party balance, the change in leadership is expected […]

Canadian Mortgage Trends ~ April 28th, 2025 Markets are widely expecting two additional quarter-point cuts from the Bank of Canada this year, according to the Bank’s first-quarter Market Participants Survey. Respondents see the BoC’s policy rate falling from 2.75% currently to 2.25% by the end of 2025, suggesting two additional […]

As global recession concerns mount, Canada is likely to see at least two more interest rate cuts this year, economists say, in response to persistent economic headwinds driven largely by ongoing trade tensions between the United States and China. In a recent Reuters poll conducted from April 7 to 11, […]

Toronto Star ~ April 11th, 2025 Rates like 3.99 per cent have mortgagors increasingly jumping at refinancing opportunities to trim their payments or tap into home equity. All the recent rate cut speculation is only turbocharging this enthusiasm. In fact, refinances seem to comprise a fast growing share of mortgages. […]

Financial Post ~ March 27th, 2025 With Canada facing an evolving trade war and many big-ticket election promises already out there, this election’s winner may have a hard time keeping Canada’s finances in check. Early campaign proposals from all parties — income tax cuts, military spending, cuts to the goods […]

The Bank of Canada on Wednesday cut its key interest rate, a move that comes just hours after U.S. President Donald Trump issued new steel and aluminum tariffs against Canada. The central bank cut its benchmark rate by 25 basis points, bringing it down to 2.75 per cent. This was […]