Recent News Articles

March 12 - 2025 Bank Of Canada Rate Update

The Bank of Canada announced today a 25 basis point rate cut, lowering its policy rate to 2.75% in response to growing economic uncertainty caused by new U.S. tariffs on Canadian steel and aluminum.

With the ongoing trade tensions, Bank of Canada Governor Tiff Macklem warned that while inflation remains stable and the economy showed growth in late 2024, uncertainty around trade policies could impact economic activity, employment, and consumer confidence.

What Does This Mean for You?

Lower borrowing costs: If you have a variable-rate mortgage or home equity line of credit (HELOC), you could see a slight decrease in your interest rate.

Potential refinancing opportunities: If you're considering refinancing, now may be a good time to explore your options.

Future market volatility: Ongoing trade disputes may lead to further economic shifts, so staying informed is key.

If you have any questions about how this rate change affects your mortgage or financial plans, I'm here to help. Let's discuss your options and ensure you're making the most of the current market.

We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.