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 […]

Key Takeaway: Inflation rose to 3.2% in May, its highest level since late 2023, largely driven by higher gasoline and food prices. However, underlying inflation remains relatively stable, reducing pressure on the Bank of Canada to raise interest rates. What Drove Inflation Higher? Gasoline prices surged 33.2% year-over-year due to Middle East supply concerns. Grocery […]

Key Takeaways Home sales posted their strongest monthly gain of 2026 in May. Home prices are stabilizing after months of declines. Inventory remains balanced at 4.8 months nationally. Lower borrowing costs are helping bring buyers back to the market. Single-family homes are outperforming the condo sector. The Bank of Canada is expected to remain on […]

Theme: Uncertainty is shaping Canada’s economy—and understanding interest rate risks can help Canadians make smarter mortgage decisions. Key Takeaways The Bank of Canada held its overnight rate at 2.25%. Inflation remains above the Bank’s 2% target and could rise further if energy prices stay elevated. Economic growth has weakened, creating a difficult balancing act for […]

Canada’s economy lost 17,700 jobs in April, while the unemployment rate climbed to 6.9%, its highest level in six months. Normally, weaker employment data would strengthen the case for interest rate cuts. However, rising oil prices are complicating the outlook. Key Takeaways Canada lost jobs and unemployment increased. Economic weakness typically supports lower interest rates. […]

Canada’s latest inflation report delivered encouraging news for mortgage borrowers. Headline inflation rose 2.8% in April, but the more important number was core inflation, which fell to: 2.05%2.05\%2.05% That’s very close to the Bank of Canada’s 2% target and the lowest level since 2021. Key Takeaways Core inflation cooled significantly in April Gas prices were […]