News
Canada's May 2026 CPI jumps to 3.2% ahead of Bank of Canada's July 15 rate decision — what it means for mortgages and savings
1+ hour, 14+ min ago (249+ words) The Bank of Canada — prompted by the nation’s current economic conditions — just sent retail investors a clear signal: with the loonie sliding, gas-driven inflation climbing, and the source of both a war on the other side of the world, we’re…...
Ottawa is buying $30 billion in Canada Mortgage Bonds in 2026 — and it could keep your fixed mortgage rate lower than it might otherwise be
3+ mon, 5+ day ago (984+ words) 1,253 views this week When most Canadians hear that fixed mortgage rates are moving, they look to the Bank of Canada. That's understandable — the central bank's overnight rate is the most talked-about lever in the country's housing finance system. But it's…...
Bank of Canada data shows 60% of Canadian mortgages renew in 2025/26 — 5-year fixed holders face average payment increases of 15% to 20%, equivalent to $5,100 more per year
3+ mon, 2+ week ago (650+ words) Roughly two-thirds of all mortgages renew in 2025 and 2026 (1) — and for many households, that reset will be the single largest financial change they face this year. While the average payment increase is estimated to be 6%, this masks the monthly mortgage increase…...
More Canadians Worried About Making the Wrong Homebuying Decision, Survey Finds
3+ mon, 3+ week ago (632+ words) Canadians may still want to own a home, but many are increasingly unsure about when, or how, to make that dream a reality. A new survey from RBC suggests uncertainty is becoming a defining feature of today’s housing market, with…...
Bank of Canada Holds Rate at 2.25%: What Rising Oil Prices, 84,000 Job Losses, and Your Mortgage Renewal Mean for Canadians in 2026
3+ mon, 4+ week ago (885+ words) The Bank of Canada (BoC) overnight rate stands at 2.25% unchanged since the October 29, 2025 cut. This rate sits at the bottom of the Bank's estimated neutral range of 2.25% to 3.25%. In the accompanying rate announcement (1), Bank of Canada Governor TIff Macklem stated…...
Housing Affordability Strains Spread Across Canada
4+ mon, 1+ week ago (720+ words) Canada’s housing affordability crisis is spreading beyond its two most expensive cities, according to a new index report from the Canada Mortgage and Housing Corporation (CMHC). CMHC’s latest Housing Affordability Composite Index shows affordability pressures have spread to cities such…...
Inflation cools to 2.3%, but grocery and restaurant bills still squeeze Canadian families — Here's how investors and retirees should react
4+ mon, 3+ week ago (1335+ words) First, the good news: Canada’s inflation rate edged lower in January. Now, the bad news: Despite slowing price pressures, relief remains uneven for households juggling grocery bills, mortgage payments and retirement savings. Based on the Daily report, released by Statistics…...