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The Bank of Canada announced this morning that it is holding its overnight rate at 2.25%, marking the seventh consecutive rate announcement with no change. As a result, we expect bank Prime Rates to remain unchanged for now, with most lenders' Prime currently at 4.45%. While there was no rate change today, the messaging from […]

As anticipated, the Bank of Canada held its key interest rate at 2.25% this morning, July 15th, for the sixth consecutive time. This announcement directly affects borrowers with variable-rate mortgages and lines of credit, as their interest rates are tied to lenders' prime rates. The bank says: "Governing Council will continue to assess the strength […]

On June 10, 2026, the Bank of Canada maintained its overnight lending rate at 2.25%, marking its fifth consecutive rate hold. While many Canadians were hoping for a rate cut, the Bank continues to take a cautious approach as it monitors inflation, economic growth, and ongoing global uncertainty. Why Did the Bank Hold Rates? The […]

Thinking of buying a condo, townhouse or other strata-based home? There’s plenty to think about, from reserve funds to house rules to joining the board. Here are the crucial considerations before you sign on the dotted line. New or Resale? There are important differences between a new or resale unit. With a new unit, you’ll […]

Fixed rates have been on the move over the past couple of weeks, and here's what you need to know. Here’s what’s driving that: Bond yields have jumped (specifically the 5-year Government of Canada bond, which fixed rates are based on) In fact, yields have increased by roughly 0.50%+ in just the past couple of […]

The Bank of Canada maintained its policy rate at 2.25% today, March 18th, for the third consecutive time. What just happened? Today,  Wednesday, March 18, 2026, the Bank of Canada held its key interest rate at 2.25%. This is the third rate hold in a row Most experts expected this The Bank is not rushing to […]

For many Canadians, saving for a down payment is only one part of the challenge of buying a home. Closing costs, taxes, and other expenses can quickly add up and make homeownership feel just out of reach. To help address affordability, the federal government has introduced a new GST rebate for first-time home buyers purchasing […]

The Bank of Canada's recent rate announcement was a hold. Here's what it means for you, your mortgage, and your plans in 2026. What just happened? This past Wednesday, January 28, 2026, the Bank of Canada held its key interest rate at 2.25%. This is the second rate hold in a row Most experts expected this […]

One of the most common questions I hear is: “Should we wait?” “What if rates drop?” “What if they go up?” The honest answer is this: interest rates are out of our control, just like many of the factors that influence them. The Reality of the Mortgage Landscape Interest rates are shaped by forces far […]