Blog
April 15, 2025
Will more interest rate cuts save Canada’s economy?
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, […]
April 11, 2025
Awaiting further rate cuts before refinancing your mortgage? Better to act now
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. […]
April 1, 2025
Why Canada’s finances are about to take a hit, no matter who wins the election
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 […]
March 14, 2025
Bank of Canada cuts interest rate as trade war ‘doesn’t bode well’
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 […]
February 27, 2025
Canadians facing mortgage renewal anxiety about monthly payments: survey
Global News ~ February 21st, 2025 A survey by Royal LePage estimates more than one million Canadian mortgages will come up for renewal this year with about 85 per cent of them secured when interest rates were rock bottom. The survey found that more than half of those homeowners said […]
February 6, 2025
Falling fixed mortgage rates could be booster juice for buyers
Financial Post ~ February 6th, 2025 Robert McLister: Falling rates will entice more potential homebuyers to trade window shopping for the real deal — actual buying Other things equal, more bond buying leads to lower bond yields, which usually means lower fixed mortgage rates. And that’s exactly what we’re seeing. […]
January 31, 2025
Bank of Canada interest rate announcement and release of the Monetary Policy Report
Global News ~ January 29th, 2025 The Bank of Canada warned after delivering another interest rate cut on Wednesday that Canada’s economy would be “tested” if the United States delivers on a threat to impose blanket tariffs on Canadian goods. In a “severe” scenario mapped out by the central bank, […]
January 13, 2025
60% of Canadian mortgage renewals to face higher rates by 2026: BoC
Canadian Mortgage Trends ~ January 13th, 2025 Despite interest rates having fallen materially in 2024, recent data show that many Canadian homeowners could still face payment shocks when their mortgages renew. Around 60% of outstanding mortgages are set to renew by the end of 2026, and about 60% of those […]
January 6, 2025
Interest rate cuts, mortgage rule changes could speed up GTA housing market in 2025, experts say
CBC News ~ January 3rd, 2025 Interest rate cuts and changes to Canada’s mortgage rules could set the stage for change in the Greater Toronto Area’s real estate market this year, experts say. Last year the federal government expanded eligibility for 30-year mortgage amortizations to all first-time homebuyers and all […]
December 28, 2024
Mortgage outlook 2025: Canadians can expect lower rates, deals next year
Yahoo Finance ~ December 24th, 2024 With inflation back to the Bank of Canada’s two per cent target and rate cuts expected to continue through next year, Canadians should anticipate lower mortgage rates and better deals going into 2025, experts say. Canadians have been facing higher interest rates over the […]
