Mortgage Blog

CMHC - Monthly Housing Starts - July 2025

Canadian Monthly Housing Starts and Other Construction Data Tables - July 2025 At our mortgage brokerage, we make it a priority to follow the Canada Mortgage and Housi ...

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• Sep 3, 2025

With Inflation at 1.7%, What This Means for Canadians Considering a Home Purchase or Mortgage Refinance

Did You Know? Did you know that Canada's latest inflation figure has cooled to 1.7% according to Statistics Canada? For everyday Canadians, this is more than a headl ...

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• Aug 19, 2025

Is the Mortgage Stress Test on the Way Out?

Is the Mortgage Stress Test on the Way Out? How OSFI's New Loan-to-Income Rules Could Reshape Borrowing in 2025-26 Canadian borrowers have spent the past seven yea ...

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• Aug 7, 2025

Bank of Canada holds policy rate at 2.75%

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%. While some elements of US trade p ...

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• Jul 30, 2025

Mortgage Payments Ease, Renewal Stress Grows in Canada

Mortgage Payments Are Easing Yet Renewal Stress Is Real It feels like a collective exhale. After two grueling years of rapid interest‑rate hikes, th ...

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• Jul 16, 2025

Double-Barrel Down Payments: FHSA + New $60k HBP Withdrawal Rules Explained

Scraping together a competitive down payment in 2025 often feels like a marathon. But two revamped federal programs-the First Home Savings Account (FHSA) and the ...

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• Jul 9, 2025

Bank of Canada June Rate Hold: Mortgage Strategy 2025

Why the June Rate Hold Matters On June 4 2025, the Bank of Canada (BoC) left its overnight rate unchanged at 2.75 % for the fourth meeting in a row (Source: Bank of Ca ...

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• Jun 23, 2025

Why the Bank of Canada’s Rate Pause Isn’t a Green Light for Cheap Mortgages

If you've been waiting for interest rates to drop before locking in a mortgage, you're not alone. On June 5, 2025, the Bank of Canada (BoC) decided to hold its overnight ...

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• Jun 8, 2025

June 4-2025 - Bank of Canada holds policy rate at 2.75%

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%. Since the April Monetary Policy R ...

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• Jun 4, 2025

Mortgage Renewals in 2025: Navigating Payment Increases Amid Rising Rates

If you're among the thousands of Canadian homeowners with a mortgage renewal coming up in 2025, you might already be concerned about what rising interest rates could mean ...

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• May 17, 2025

Mortgage Renewals in Early 2025 – Where Might Rates End Up?

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 Re ...

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• May 4, 2025
• CENTUM® Canada

April 16 - 2025 - Bank of Canada holds policy rate at 2.75%

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 ...

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• Apr 16, 2025

Tariffs and Their Effect on Interest Rates: What Canadian Homeowners Should Know

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 ...

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• Apr 5, 2025

Pros & Cons of Paying Off Your Mortgage Before Retirement

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-s ...

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• Mar 21, 2025

March 12-2025 - Bank of Canada reduces policy rate by 25 basis points to 2.75%

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 ...

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• Mar 12, 2025

Mortgage Renewal Coming UP and rates higher than 5 yrs ago - Consider increasing your amortization?

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 ...

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• Mar 7, 2025

How will tariffs potentially affect Interest rates

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 ...

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• Feb 26, 2025

Is Now the Right Time to Refinance Your Mortgage?

With interest rates in Canada decreasing, many homeowners are considering whether this may be the ideal time to refinance. Refinancing involves replacing your current ...

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• Feb 5, 2025

Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening

The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%. The Bank is also announci ...

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• Jan 29, 2025
• CENTUM® Canada

Fixed-Rate vs. Adjustable-Rate Mortgages: Which Might Be Right for You?

Hello there, and welcome! As a mortgage broker here in Canada, I know that diving into the world of mortgages can feel like stepping into a labyrinth of numbers and j ...

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• Jan 21, 2025