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
Menu
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
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
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
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
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
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.
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
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.
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
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
The Bank of Canada (BoC) has officially lowered its key interest rate by 0.25%, bringing it down to 2.75%. This marks the seventh consecutive rate
A rate cut next week looks all but certain. Could more be on the way? Canada’s economic landscape is shifting, and mortgage holders could soon
Canada’s economy outperformed expectations in late 2024, with GDP growing at an annualized 2.6%—well above the 1.7% forecast. Household spending, fuelled by lower interest rates
With tariffs and trade disputes making headlines, many are wondering how this could impact mortgages, home prices, and affordability. Here’s what’s happening and what it
Rising energy costs pushed Canada’s inflation rate up to 1.9% in January, despite a temporary national GST break, according to Statistics Canada. The increase was
Canada’s economy added 76,000 jobs in January, bringing the unemployment rate down to 6.6%—a strong sign of recovery. Job growth outpaced expectations, reflecting increased economic
Bank of Canada Cuts Interest Rate to 3% – What It Means for Homebuyers and the Economy The Bank of Canada (BoC) has lowered its
Good news for Canadians: inflation fell to 1.8% in December, thanks in part to the federal GST holiday. This temporary tax break lowered the cost
Canada closed out 2024 on a high note, with the economy adding an impressive 91,000 jobs in December—nearly four times what experts had forecast. This
After slashing rates five times in 2024, the Bank of Canada is expected to ease further in 2025, but at a slower pace. The central
The Bank of Canada recently lowered its key interest rate by 0.50 percentage points to 3.25%, aiming to stimulate the economy amid signs of weakening
The Canadian government has introduced a temporary GST/HST tax break to provide financial relief during the holiday season. From December 14, 2024, to February 15,
Canada’s job market has just sent a shockwave through financial markets, increasing the likelihood of a significant interest rate cut by the Bank of Canada
When it comes to renewing your mortgage, many homeowners make the mistake of going on autopilot. After all, it’s easy to sign the renewal letter
What Trudeau’s Temporary Tax Relief Means for You” To help Canadians manage rising costs, the federal government is rolling out temporary tax relief. From December
The Bank of Canada (BoC) has been reducing its overnight rate, dropping by 125 basis points since May. While this typically impacts variable-rate mortgages, fixed
The Bank of Canada recently slashed interest rates by 50 basis points, bringing variable mortgage rates within 46 points of the lowest fixed rates. This
The Bank of Canada has recently reduced its key interest rate to 3.75%. Here’s what it means for you: What Does the Rate Cut Mean?
Fall is officially here, and Ottawa is bursting with activities to help you make the most of the season. Whether you’re looking for spooky thrills,
As housing prices remain high, it’s become increasingly difficult for Millennials and Gen Z to afford homeownership. To address this, the Canadian government has introduced
In August 2024, Canada’s inflation rate fell to 2%, reaching the Bank of Canada’s long-awaited target after a prolonged effort to control price growth. This
The Bank of Canada has reduced its key interest rate for the third consecutive time, now sitting at 4.25%. This decision comes as inflation continues
Big news, everyone! The Bank of Canada is all set to cut interest rates for the third time in a row, and if you’re a
Canada’s economy showed some unexpected growth in the second quarter, but signs of weakness over the summer have many experts predicting an interest rate cut
Big news! The Bank of Canada is expected to drop interest rates, with the current 4.5% rate potentially falling to 3% by next July. This
As we move through 2024, here’s what we’re seeing in the markets and how we’re staying proactive at TopRankinMortgages: Volatility in Markets: The first half
Big changes are happening in the financial world, and they could impact your mortgage. Here’s what you need to know: What’s Happening? The Sahm Rule,
Recent U.S. job market reports have shown weaker-than-expected results, prompting speculation about interest rate cuts. This has significant implications for Canada, including potential changes from
August is a vibrant month in Ottawa, filled with exciting events and activities for everyone. Whether you’re a local or just visiting, here’s a roundup
TLDR The Bank of Canada reduced interest rates by 25 basis points to 4.5% The rate cut is good news for buyers and owners who
The Bank of Canada (BoC) is anticipated to lower its overnight interest rate by 25 basis points to 4.50% this Wednesday, according to a Reuters
The recent surveys from the Bank of Canada have painted a concerning picture of our economy, leading some to question if the central bank has
Canadian Government Bond Yields Drop, Potentially Lowering Fixed Mortgage Rates Canadian borrowers are starting to be enticed by five-year mortgage rates. The consumer price
The Canadian labour market faces a grim outlook, with unemployment projected to exceed seven percent this year if the Bank of Canada (BoC) doesn’t implement
As your mortgage renewal date approaches, it’s important not to settle for just the five-year fixed or variable rate options that many lenders commonly offer.
Ottawa is bustling with activities this weekend, offering something for everyone. Whether you’re into sports, arts, music, or food, there’s an event for you. Here
As inflation in Canada climbed to 2.9% in May, surpassing the expected 2.6%, many Canadians are left wondering what this means for their finances, especially
Canada Day in Ottawa is a vibrant celebration of national pride, featuring an array of events from cultural showcases to spectacular fireworks. If you’re planning
Last week’s 25 basis point interest rate cut by the Bank of Canada (BOC) has brought welcome news for homeowners in Ottawa and across Canada.
The Bank of Canada has reduced its overnight rate by 25 basis points to 4.75%, a first since the pandemic began. This move comes after
Sean Rankin, Mortgage Agent Level 2
Smart Debt Mortgages a Network Partner of Mortgage Intelligence
License #12236
