The Bank of Canada cut its key overnight rate by 0.25% yesterday, bringing it down to 2.25% . This decision was widely expected, but the tone that came with it is what really matters — Governor Tiff Macklem knows what’s coming, and he made his move. The new Commercial Bank Prime Rate is now 4.45% , and that’s good news for anyone with a variable-rate mortgage or home equity line of credit (HELOC) . Why the Bank Made This Move Let’s be honest — the simple answer is that the

Just when we thought the fall market was finding its rhythm, the world threw us another curveball - puns within fully intended. A few weeks ago, Prime Minister Carney was confidently suggesting we’d see an interim trade deal with the U.S. in a matter of weeks. Fast forward — and President Trump has not only scrapped the talks entirely , but also added another 10% tariff on Canadian imports . And the reason? An Ontario commercial featuring Ronald Reagan’s old warnings about ta

The Mortgage Renewal Story That Changed How This Family Will Shop Forever When it comes to mortgage renewals, a lot of clients wonder:...

One of the biggest questions homeowners face today is whether to stay with a variable rate or lock into a fixed mortgage. The right choice depends on what matters most to you — peace of mind or flexibility. Fixed Rates: Predictability and Stability A fixed rate keeps your payment the same for the entire term, which makes budgeting straightforward. It’s a great option if your household expenses already feel tight or if rising rates make you uneasy. Knowing exactly what your pa

I always recommend including a financing condition in your offer — and honestly, I love to see a home inspection too. These conditions...

OSFI Clarifies New Mortgage Qualification Rules: What It Really Means for You The Office of the Superintendent of Financial Institutions...

Big update for property investors OSFI (Canada’s banking regulator) has announced potential new rules around rental income and mortgage...

The latest data shows that the mortgage and housing landscape is shifting — and not always in ways that make borrowing cheaper or easier....

July 30th 2025 meeting - my take - by Em Miszk The Bank of Canada held its key interest rate steady at 2.75% today, which was expected...

From This Month’s Contest Every month, I run a contest where I ask my past clients a question related to their mortgage, credit, or the...