Mortgage Blog
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Mortgage Renewals in Early 2025 – Where Might Rates End Up?
May 4, 2025 | Posted by: Gabriel Da Silva
A friendly guide for Canadian homeowners who are about to renegotiate one of the biggest contracts of their lives. Introduction - Why Everyone Is Talking About 2025 Renewals If your mortgage is co ...
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April 16 - 2025 - Bank of Canada holds policy rate at 2.75%
April 16, 2025 | Posted by: Gabriel Da Silva
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The major shift in direction of US trade policy a ...
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Tariffs and Their Effect on Interest Rates: What Canadian Homeowners Should Know
April 5, 2025 | Posted by: Gabriel Da Silva
You might be surprised to learn how tariffs-taxes on imported goods-can affect your mortgage or home-buying plans. Tariffs can indirectly influence interest rates, which impacts mortgage payments and ...
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Pros & Cons of Paying Off Your Mortgage Before Retirement
March 21, 2025 | Posted by: Gabriel Da Silva
If retirement is approaching, you may be considering whether it's wise to pay off your mortgage early. As with many significant financial decisions, there isn't a one-size-fits-all answer. However, ...
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March 12-2025 - Bank of Canada reduces policy rate by 25 basis points to 2.75%
March 12, 2025 | Posted by: Gabriel Da Silva
The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The Canadian economy entered 2025 in a solid position, with infl ...
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Mortgage Renewal Coming UP and rates higher than 5 yrs ago - Consider increasing your amortization?
March 7, 2025 | Posted by: Gabriel Da Silva
If your mortgage renewal date is approaching, it's important to take action. You might notice something that's hard to ignore: interest rates are significantly higher now than five years ago. You're n ...
read moreCanada Finished 2024 on a Stronger Note, But Tariffs Remain a Concern
February 28, 2025 | Posted by: Gabriel Da Silva
Canada Finished 2024 on a Stronger Note, But Tariffs Remain a ConcernThis morning, Statistics Canada released the GDP data for the final quarter of last year, showing a stronger-than-expected increase ...
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How will tariffs potentially affect Interest rates
February 26, 2025 | Posted by: Gabriel Da Silva
As a mortgage broker in Canada, I often get questions about how global economic events might affect our financial landscape, particularly when it comes to interest rates and the cost of borrowing. One ...
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Is Now the Right Time to Refinance Your Mortgage?
February 5, 2025 | Posted by: Gabriel Da Silva
With interest rates in Canada decreasing, many homeowners are considering whether this may be the ideal time to refinance. Refinancing involves replacing your current mortgage with a new one, idea ...
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Bank of Canada Cuts Policy Rate By 25 BPs
January 29, 2025 | Posted by: Gabriel Da Silva
The Bank of Canada (BoC) reduced the overnight rate by 25 basis points this morning, bringing the policy rate down to 3.0%. The market had anticipated a nearly 98% chance of this 25 basi ...
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