Author: themortgageedit

  • Bank of Canada Expected to Hold Rates at 2.25%

    Bank of Canada Expected to Hold Rates at 2.25%

    June 9th, 2026: As we approach the Bank of Canada’s (BoC) upcoming interest rate announcement this Wednesday, all signs point to the central bank holding its benchmark policy rate steady at 2.25% for the fifth consecutive meeting. If you are a homeowner, currently shopping for a mortgage, or simply keeping an eye on the Canadian…

  • What Canada’s Blockbuster May Jobs Report Means for Your Mortgage

    What Canada’s Blockbuster May Jobs Report Means for Your Mortgage

    If you’ve been tuning into economic news lately, you might have been bracing for a slowdown. However, the latest Labour Market Survey has thrown a curveball, dispelling recent recession concerns with a blockbuster May jobs report. At The Mortgage Professionals, we keep a close eye on these economic indicators because they directly influence the Bank…

  • First-Time Home Buyer GST Rebate Canada (2026) – Who Qualifies & How It Works

    First-Time Home Buyer GST Rebate Canada (2026) – Who Qualifies & How It Works

    April 4th, 2026: The federal government has officially introduced the First-Time Home Buyer GST Rebate, aimed at reducing the upfront cost of purchasing or building a new home in Canada. With the legislation now in effect following Royal Assent of Bill C-4, the Canada Revenue Agency (CRA) is able to begin processing rebate claims. If…

  • Bank of Canada Holds Rate at 2.25% as Trade Uncertainty Clouds the Outlook

    Bank of Canada Holds Rate at 2.25% as Trade Uncertainty Clouds the Outlook

    Jan 28th, 2026: The Bank of Canada has announced a hold on its overnight policy rate at 2.25%, marking another pause as policymakers navigate a complex mix of easing inflation, modest growth, and rising trade-related uncertainty. The current policy rate sits at the bottom of the Bank’s estimated neutral range, meaning monetary policy is now…

  • Canada’s Inflation Update: What December’s CPI Means for Rates and the Housing Market

    Canada’s Inflation Update: What December’s CPI Means for Rates and the Housing Market

    Jan 20th, 2026: Canada’s inflation rate edged higher in December, with the Consumer Price Index (CPI) rising 2.4% year over year, up from 2.2% in the previous two months. While the headline number came in slightly hotter than expected, the increase was largely driven by temporary factors — not a resurgence of underlying inflation pressure.…

  • Bank of Canada Holds Key Lending Rate: What Today’s Decision Means for Canadians

    Bank of Canada Holds Key Lending Rate: What Today’s Decision Means for Canadians

    Dec 10th, 2025: The Bank of Canada announced its latest policy decision today, opting to hold the overnight rate at 2.25%. After a year of multiple rate reductions, today’s hold signals that policymakers believe interest rates are now at an appropriate level to support economic growth while still managing inflation. For homeowners, buyers, and investors,…

  • Federal Budget 2025: Building a More Competitive Canada

    Federal Budget 2025: Building a More Competitive Canada

    Featuring insights from Dr. Sherry Cooper, Chief Economist, Dominion Lending Centres Nov 5th, 2025: The 2025 Federal Budget, presented by Finance Minister François-Philippe Champagne, marks the first under Prime Minister Mark Carney’s leadership — and it comes with bold ambitions to reshape Canada’s economy for the future. With a focus on strengthening domestic industries, accelerating…

  • Bank of Canada Sept 17th Rate Cut: What It Means for You

    Bank of Canada Sept 17th Rate Cut: What It Means for You

    September 17, 2025: Today, the Bank of Canada (BoC) announced a quarter-point (0.25%) rate cut, lowering the overnight rate from 2.75% to 2.50%. Here’s what’s behind the decision, and what it could mean for homeowners and borrowers across Canada. Why the BoC Cut Rates The Bank of Canada’s move marks a shift from a period…

  • Making Sense of RRSPs, TFSAs, FHSAs, and RESPs – Which One Should You Use First?

    Making Sense of RRSPs, TFSAs, FHSAs, and RESPs – Which One Should You Use First?

    September 2nd, 2025: When it comes to saving money, Canadians have several powerful tools available: RRSPs, TFSAs, FHSAs, and RESPs. Each has its own benefits, but knowing where to put your money first can feel overwhelming. Let’s break it down in a way that’s easy to understand so you can make the most of your…

  • Canadian Job Growth Slows in February — All Eyes on the Bank of Canada Next Week

    Canadian Job Growth Slows in February — All Eyes on the Bank of Canada Next Week

    April 9th, 2025: After several months of solid job gains, Canada’s labour market hit the brakes in February, adding just 1,100 jobs — a major cooldown compared to December and January’s robust growth. With economic uncertainty rising and trade tensions continuing to impact the outlook, this slowdown is adding further weight to expectations of a…