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 […]

Canada’s Housing Market Showing Signs of Stability Canada’s housing market showed modest improvement in April 2026, with home sales rising 0.7% month-over-month according to CREA. While activity remains softer than normal, improving buyer demand and stabilizing prices suggest the market may be finding its footing heading into spring. Key Takeaways Home sales increased slightly in […]

If your mortgage renewal is coming up and you may sell your home within the next 12 months, do not focus only on the lowest rate. Flexibility may matter more. Many Canadian homeowners renew into a fixed-rate mortgage because it feels safe. But if you sell shortly after renewing, you may need to break that […]

Have you had a mortgage check-up lately? Most people review their car insurance, phone bill, or subscriptions more often than they review the biggest debt they will ever carry: their mortgage. A mortgage check-up can help you understand: ✅ If your current rate is still competitive✅ If your renewal strategy makes sense✅ If refinancing could […]

Bond yields rocketed higher on Wednesday as oil prices surged and central banks signalled a growing willingness to tighten if inflation broadens. Markets are now aggressively repricing policy expectations—most notably in Canada, where rate cuts have vanished without a forwarding address, and a summer hike is back in play. Yield Movers Wednesday’s news flow drove […]