Mortgage Blog
Your Fort McMurray Mortgage Expert
September 17-2025 - Bank of Canada lowers policy rate to 2.5%
September 17, 2025 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%. After remaining resilient to sharply higher ...
read moreCMHC - Monthly Housing Starts - July 2025
September 3, 2025 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
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 Housing Corporation's (CMHC) monthl ...
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With Inflation at 1.7%, What This Means for Canadians Considering a Home Purchase or Mortgage Refinance
August 19, 2025 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
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 headline. It can point to lower bor ...
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Is the Mortgage Stress Test on the Way Out?
August 7, 2025 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
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 years living with the mortgage "s ...
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Bank of Canada holds policy rate at 2.75%
July 30, 2025 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
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 policy have started to become m ...
read moreMortgage Payments Ease, Renewal Stress Grows in Canada
July 16, 2025 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
Mortgage Payments Are Easing Yet Renewal Stress Is Real It feels like a collective exhale. After two grueling years of rapid interest‑rate hikes, the Bank of Canada has paused an ...
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Double-Barrel Down Payments: FHSA + New $60k HBP Withdrawal Rules Explained
July 9, 2025 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
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 beefed-up Home Buyers' Plan ...
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5 Questions To Ask Before You Sign Mortgage
July 7, 2025 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
5 Questions to Ask Your Mortgage Broker in Canada Shopping for your first mortgage can feel like a big step, but it doesn’t have to be confusing. As someone who’s helped many young Canadi ...
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Bank of Canada June Rate Hold: Mortgage Strategy 2025
June 26, 2025 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
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 Canada press release, June 4 2025) ...
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The Impact of Rising Interest Rates on the Canadian Mortgage and Real Estate Market in 2024
August 6, 2024 | Posted by: Barb Pinsent - Trusted Fort McMurray Mortgage Associate
As we navigate through 2024, the Canadian mortgage and real estate market faces a dynamic landscape marked by rising interest rates. This trend, driven by the Bank of Canada's efforts to curb inflatio ...
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