Mortgage Blog

Victoria - Saanich - Vancouver Island Mortgages Done the Smart Way

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

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

June 8, 2025 | Posted by: Bobby Smart

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 lending rate at 4.75%, marking ...

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

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

June 4, 2025 | Posted by: Bobby Smart

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 Report, the US administration h ...

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Mortgage Renewals in 2025: Navigating Payment Increases Amid Rising Rates

Mortgage Renewals in 2025: Navigating Payment Increases Amid Rising Rates

May 17, 2025 | Posted by: Bobby Smart

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 for your monthly payments. Du ...

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

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

May 4, 2025 | Posted by: Bobby Smart

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 Renewals If your mortgage is co ...

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

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

April 16, 2025 | Posted by: Bobby Smart

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 direction of US trade policy a ...

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

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

April 5, 2025 | Posted by: Bobby Smart

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 impacts mortgage payments and ...

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Pros & Cons of Paying Off Your Mortgage Before Retirement

Pros & Cons of Paying Off Your Mortgage Before Retirement

March 21, 2025 | Posted by: Bobby Smart

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-size-fits-all answer. However, ...

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

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

March 12, 2025 | Posted by: Bobby Smart

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 in a solid position, with infl ...

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

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

March 7, 2025 | Posted by: Bobby Smart

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 than five years ago. You're n ...

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How will tariffs potentially affect Interest rates

How will tariffs potentially affect Interest rates

February 26, 2025 | Posted by: Bobby Smart

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 and the cost of borrowing. One ...

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