If you've been watching mortgage rates or wondering what the Bank of Canada might do next, today's inflation report is worth paying attention to. At first glance, the numbers look encouraging. Canada's annual inflation rate dropped to 2.8% in June 2026, down from 3.2% in May and slightly better than economists were expecting. That's welcome news for borrowers, homeowners, and anyone hoping interest rates continue to The bond market seemed to like the report too. Shortly after

Many Canadians are wondering when the next interest rate cut will arrive. The reality is that the Bank of Canada would likely welcome the opportunity to lower rates, particularly as economic growth remains sluggish. However, one major obstacle continues to stand in the way: energy inflation. Higher energy prices affect nearly every part of the economy. They increase transportation costs, manufacturing expenses, and ultimately the price consumers pay for goods and services. Wh

If you've been following the headlines lately, you've probably seen the word "recession" appearing more frequently. Technically speaking, Canada has now recorded two consecutive quarters of negative GDP growth—Q4 2025 and Q1 2026—which is the traditional textbook definition of a recession. But is Canada truly in a recession? The answer depends on who you ask. For many Canadians, the slowdown has felt like it has been building for some time. We've seen "For Lease" signs appear

There’s a bit of a push and pull happening in the market right now, and it’s important to understand both sides. On one hand, rising oil prices and inflation concerns are pushing bond yields higher, which is putting upward pressure on fixed mortgage rates. On the other hand, the Canadian economy is clearly slowing, and that should limit how aggressive the Bank of Canada can be moving forward. My main takeaway: Don’t just watch prices right now. Watch supply. Listings are star

The Bank of Canada has announced that it is holding its benchmark interest rate at 2.25% . This decision was widely expected, but the reasoning behind it matters—especially if you have a mortgage, are up for renewal, or are thinking about buying. Let’s break it down in a simple, easy-to-understand way. What’s Happening in Canada Right Now? The Canadian economy is showing mixed signals : The economy shrank slightly (0.6%) at the end of 2025 Consumer and government spending ar

The Purpose of the Home Inspection.... When buyers include a home inspection condition in an offer, many people assume it’s only about checking the physical condition of the property — the furnace, the roof, the wiring, or the foundation. Those items are certainly part of the process, but the purpose of the inspection period is actually broader than that. Buying a home often happens quickly. A buyer may spend a short amount of time viewing a property and then submit an offer

But for many borrowers, the rate itself is not what creates stress at renewal. The real risk is everything that changes quietly in the years leading up to it. By the time a renewal notice arrives, most households are no longer in the same financial position they were when they first qualified. Income evolves, debt accumulates, credit shifts, and lender rules move in the background. When those changes stack up, the outcome at renewal is often decided before the rate conversati

A significant wave of Canadian mortgages is set to renew through 2026. Bank of Canada staff estimate roughly 60% of outstanding mortgages will renew in 2025 and 2026 . For many homeowners — especially those who secured ultra-low fixed rates in 2020 or 2021 — renewal could bring meaningful payment increases. In many cases, I’m modeling potential payment jumps in the 15% to 20% range , depending on the rate environment and remaining amortization. The difference between a stress

What It Means for Canada’s Housing Market For the first time in decades, the federal government is stepping directly back into the business of building homes. A bill tabled in Parliament last week would give the Canada Lands Company fully enshrined Crown corporation status — with expanded authority to acquire land and partner directly with private builders. At the same time, Ottawa is restructuring Build Canada Homes into a formal Crown corporation with similar powers. Transl

Ontario’s housing market is entering a transition year. After one of the weakest periods in decades, activity is expected to improve in 2026 — but this is shaping up to be a measured recovery, not a return to peak-market conditions. According to the latest outlook from the Canada Mortgage and Housing Corporation (CMHC), the province is moving toward stabilization. The key word for 2026 is balance . Here’s what that means for Ontario — and how buyers, sellers, and investors sh