The Bank of Canada held the overnight rate steady at 2.25% as financial conditions tightened, reflecting the surge in long bond yields.. Bank of Canada Holds Policy Rate Steady Again, As Expected Today, the Bank of Canada once again held the policy rate at 2.25%, the level it has held since October 2025. This is […]

Weak August Jobs Report In Canada Takes BoC Tightening Off The Table–The Opposite Is Likely For Federal Reserve Employment in Canada fell by 41,700 in August, reversing some of the labour market momentum seen in recent months as the manufacturing sector posted the only significant increase. The employment rate fell 0.1 percentage points to 60.8%. The […]

Canada enters a technical recession as Q1 2026 GDP fell by 0.1% on an annualized basis.. Canada’s Economy Edges Into A Technical Recession For the First Time Since 2020 Statistics Canada reported this morning that the Canadian economy contracted slightly, by 0.1%, at a seasonally adjusted annual rate in the first quarter (Q1) of 2026. That […]

The Bank of Canada has not moved in months. Your mortgage rate just went up anyway. Most people are confused by this. They watch the BoC announcements, see the rate hold steady, and assume their mortgage costs will too. That is not how fixed rates work. Fixed mortgage rates are not set by the Bank […]

Why are the Big Bank economists varying so much in their interest rate forecasts moving forward? TD thinks the Bank of Canada rate will stay at 2.25% though 2027. RBC thinks is reaches 3.25% They can’t both be right and you still need to make a mortgage decision today. So how do you make a […]

Refinancing Your Mortgage in 2026. Refinancing your mortgage can be a smart financial move for many reasons, and as your trusted mortgage advisor, I’ve seen how much it can benefit homeowners! Ideally, refinancing is done at the end of your mortgage term to avoid penalties, but the timing can vary depending on your goals. For […]

Bank of Canada Holds Policy Rate Steady Today, the Bank of Canada once again held the policy rate steady at 2.25%. This is the bottom of the Bank’s estimate of the neutral overnight rate, where monetary policy is neither expansionary nor contractionary. With inflation hovering just above 2% and core inflation falling to 2.5%, the […]

Closing Costs – The Real Numbers You Need to Budget For. Buying a home is one of the most exciting ventures in life! To ensure it goes smoothly, you need to have a proper budget in place to protect your financial security and help you make the best decision for your future location. However, the […]

Bank of Canada Lowers Policy Rate to 2.5% Today, the Bank of Canada lowered the overnight policy rate by 25 bps to 2.5% as was widely expected. Following yesterday’s better-than-expected inflation report, the Bank believes that underlying inflation was 2.5% year-over-year. Through the recent period of tariff turmoil, the Governing Council has closely monitored the […]

Buying your first Home? Check out this great  article on the benefits of the First Home Savings Account (FHSA) which may allow you to save of to 40,000.00 on a tax-free basis towards purchasing a home in Canada. It also looks into 5 other ways of growing your wealth Tax-free in Canada. There are a […]