Canada’s Latest Rate Cut: What You Need to Know
What changed: On September 17, 2025, the Bank of Canada lowered its policy interest rate by 25 basis points, from 2.75% to 2.50%. This is the first rate cut in six months and brings the rate to its lowest in three years. Why they did it: The job market has weakened significantly, with over 100,000 […]
Inflation Drops: What It Means
Canada’s inflation rate cooled to 1.7% in July, thanks mostly to lower gas prices. This is good news because when inflation goes down, the Bank of Canada is more likely to lower interest rates. Right now, markets are watching closely — there’s about a 40% chance of a rate cut in September. If that happens, […]
Canada’s Housing Market: Back to (a New) Normal
After a few chaotic years, Canada’s housing market is starting to feel… normal again. But not the post-pandemic crazy—we’re talking pre-COVID normal. And that’s a good thing. 🔁 More Homes, More Balance We’re seeing more listings and more time for buyers to make decisions. No more 12-offer panic. It’s not perfect, but it’s more balanced. […]
Will the Middle East Conflict Impact Mortgage Rates in Canada?
With tensions escalating between Israel and Iran, many Canadians are asking: Could this impact mortgage rates at home? What We Know So Far: Oil prices are up 27% this month. Rising oil often leads to higher inflation. Inflation pressures can push interest rates up — or at least keep them from falling. A Look at […]
Will Rates Drop Anytime Soon? Not Likely, Says Bank of Canada Governor
Thinking a rate cut is around the corner? Don’t hold your breath. Bank of Canada Governor Tiff Macklem just delivered a reality check. Speaking from St. John’s, Newfoundland, Macklem emphasized that inflation is still too hot for comfort—and until it cools, rate cuts aren’t even on the table. 🔍 What’s Going On? Despite some economic […]
Bank of Canada Hits Pause on Rate Cuts — What It Means for You
The Bank of Canada announced today that it’s holding its key interest rate at 2.75%, meaning there’s no change to variable mortgage rates for now. This decision comes at a time when inflation is still a concern, even though the overall cost of living (CPI) dropped slightly to 1.7%. The core inflation rate (which strips […]
Canada’s Job Market Slows: What It Means for Your Mortgage
Canada’s latest job report is raising concerns. In April, only 7,400 jobs were added nationwide, while the unemployment rate rose to 6.9%, the highest since November 2023. A big part of this slowdown comes from U.S. tariffs on key exports like steel and cars, which led to 31,000 job losses in manufacturing alone. Other industries […]
Bank of Canada Holds Interest Rate at 2.75% Amid U.S. Tariff Uncertainty
The Bank of Canada (BoC) has decided to keep its key interest rate at 2.75%, ending a streak of seven straight cuts since last summer. Why? A lot of economic uncertainty — especially around new U.S. tariffs — is making it hard for the BoC to predict what comes next. Instead of their usual detailed […]
Job Losses and Rate Drops? Here’s What It Means for You
Canada’s job market just hit a bump—and it might actually mean good news for mortgage shoppers. Let’s break it down: 📉 Canada lost 33,000 jobs in MarchThat’s the largest monthly drop in employment since January 2022, pushing the unemployment rate up to 6.7%. 👥 That’s nearly 1.5 million Canadians out of work—an increase of 36,000 […]
Canada’s Inflation Rises to 2.6% in February – What It Means for Homeowners
Canada’s annual inflation rate rose to 2.6% in February, surpassing expectations and marking the first time in seven months that inflation has exceeded the Bank of Canada’s 2% target midpoint. This increase was largely driven by the end of a temporary sales tax break and broad-based price hikes across various sectors. How Inflation Affects Mortgage […]
