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As we step into 2025, I wanted to provide you with an update on the current state of fixed and variable mortgage rates, along with some predictions for the years ahead. Whether you’re considering a new mortgage, refinancing, or simply staying informed, this information will help you make better financial […]

As we bid farewell to 2024, the Bank of Canada has gifted us a parting present that will keep giving into the new year—a substantial 50 basis point reduction in the overnight rate, now at 3.25%. This latest cut caps off a year of proactive monetary policy adjustments aimed at […]

People are confused—they hear rates are going down, but then they’re told fixed rates are going up. Here’s why: It’s tied to the U.S. election. Canadian bond yields have jumped over 61 basis points in just two months, and when bond yields rise, fixed rates usually follow. The good news? […]

In 2019, Canadians aged 35 to 44 had a debt-to-income ratio of approximately 250%. Given the rising cost of living and increasing mortgage sizes, it’s likely that this figure has grown since then. Many avoid discussing finances, even though open conversations can boost confidence and improve financial outcomes. With debt […]

The Canadian housing market is always changing, so it’s important to understand key financial terms – especially if you have a mortgage or want to buy a home. One of these key terms is the Prime Rate, which affects how much you pay on your mortgage each month. Let’s break down […]

In its latest effort to foster economic stability, the Bank of Canada has reduced its key lending rate by 50 basis points (0.50%). This marks the fourth consecutive rate cut, reflecting ongoing adjustments to support economic growth and manage inflation. Quick Overview: This rate cut directly impacts mortgages and lines […]

There’s some important news for anyone with a mortgage or considering getting one! The Bank of Canada has just reduced its key lending rate by 0.25%, moving the overnight rate down to 4.25%. This is part of an ongoing effort to manage economic growth and inflation, marking the third consecutive […]

I’m excited to share some great news that came out of the Bank of Canada today! The Bank has reduced its key overnight rate to 4.50%, a move that’s aimed at bolstering the economy—which means some potentially great benefits for your wallet, especially if you have a variable-rate mortgage or […]

In a notable development amidst fluctuating global economic conditions, the Bank of Canada has reduced the prime lending rate by .25%, signaling a shift towards less restrictive monetary policy. This adjustment, paired with ongoing balance sheet normalization, is poised to influence both current and prospective homeowners significantly. Current Economic Overview:As […]

The financial horizon just received an important update from the Bank of Canada, and it’s crucial to understand what this means for your financial journey and home ownership dreams. Interest Rates: A Steady Course In a significant move, the Bank of Canada has decided to keep the overnight rate steady […]