The Bank of Canada has held its policy interest rate at 2.25%, extending the pause that has been in place since October 2025. For Canadian homeowners and homebuyers, the decision provides some stability—but it does not mean all mortgage rates will stay where they are. The bigger story is that the Bank is now balancing […]

Canadian fixed mortgage rates are moving higher again as rising global bond yields increase borrowing costs for lenders. The five-year Government of Canada bond yield has moved toward a 12-month high, prompting many lenders to increase three- to five-year fixed mortgage rates. For Canadians buying a home or renewing a mortgage, the key point is […]

Canadian Housing Market Rebalances in July 2026 Canada’s housing market continued to improve in July, with sales rising, new listings falling, and home prices posting their first monthly increase in nearly two years. The bigger story, however, is balance. Many Canadian markets are moving away from buyer- or seller-dominated conditions and toward a more normal […]

Canada’s inflation rate moved higher in July, but the headline number doesn’t tell the whole story. The Consumer Price Index (CPI) rose 3.0% year over year in July, up from 2.8% in June. While that might sound like inflation is heating up again, much of the increase came from gasoline and travel costs. For Canadian […]

Can You Still Be a First-Time Home Buyer in Canada? Many Canadians assume that once you’ve owned a home, you’ve permanently lost access to first-time home buyer programs. That’s not always true. The key is that Canada doesn’t have one universal definition of a first-time home buyer. Federal programs, mortgage insurance rules, and provincial incentives […]

Choosing between a 25- and 30-year amortization is one of the biggest mortgage decisions you’ll make. Many people assume a 30-year amortization is a poor financial choice because you’ll pay more interest over time. While that’s true on paper, it doesn’t tell the full story. The best option depends on your cash flow, financial goals, […]

Key Takeaways Lower inflation doesn’t automatically make variable rates the better choice. Today’s mortgage pricing still favours many fixed-rate options. A 3-year fixed offers a strong balance of stability and flexibility. The best mortgage depends on your financial situation—not rate forecasts. Lower Inflation Doesn’t Change Everything With inflation easing, many Canadians expect variable mortgages to […]

Bank of Canada Holds Rates: What It Means for Your Mortgage The Bank of Canada is widely expected to keep its policy rate at 2.25%, marking a sixth straight rate hold. While that decision may not surprise markets, the Bank’s outlook could provide important clues about where interest rates are headed next. For homeowners and […]

Canada’s economy grew 0.5% in April, beating expectations and marking its strongest monthly gain since last summer. While that’s positive news for the economy, it may also keep pressure on fixed mortgage rates. Key Takeaways Canada’s GDP rose 0.5% in April, above forecasts. Growth was led by oil and gas, mining, and construction. The 5-year […]

Key Takeaways Headline inflation increased to 3.2%, mainly due to higher energy prices. Core inflation remains close to the Bank of Canada’s 2% target. Most economists believe this spike is temporary. Mortgage rates could still face upward pressure from rising U.S. bond yields. Why This Matters Canada’s inflation climbed to 3.2% in May, but the […]