How to grow your reverse mortgage business by partnering with realtors + MORE Jun 5th

Interested in learning more about property mortgages in Canada? Look no further!

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Refinancing your mortgage? Here’s why a professional home appraisal is step one + MORE Mar 28th

Before you refinance your mortgage, it’s important to know your home’s true value. A professional home appraisal gives you an accurate picture of the value of your property, helping you make smarter financial decisions from lowering your monthly payments to accessing equity to evaluating your re.... More »

Opinion: Why mortgage brokers are not order takers Dec 9th

A growing number of borrowers now expect fast, frictionless mortgage quotes without offering the details needed to make them real. It’s a mindset that’s becoming more common — and one that rarely survives underwriting..... More »

For many homeowners 55+, the goal is no longer downsizing, but aging in place + MORE Jul 23rd

Here’s how mortgage brokers can support their needs..... More »

Inflation holds steady at 1.7% in May Jun 26th

May inflation figures showed marginal improvements in some of the Bank of Canada’s closely watched price figures—a step in the right direction, some economists say, but likely not enough to convince the central bank to cut interest rates. The annual pace of inflation held steady at 1.7% in Ma.... More »

‘Strike Out Cancer’ goes national as mortgage industry aims to raise $1M in 2026 + MORE Jan 14th

The annual bowling fundraiser is growing from a Toronto event into a 14-city campaign, with the mortgage industry aiming to raise $1 million for cancer research this year..... More »

Mortgage Digest: Fixed mortgage rates rise as lenders retreat from aggressive pricing

– canadianmortgagetrends.com

RBC hiked its fixed mortgage rates for the second time in May last week, but it wasn’t the only one. A growing number of lenders have continued raising pricing in recent weeks, particularly for uninsured terms.

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Making sense of the Bank of Canada interest rate decision on June 4, 2025

– moneysense.ca

There’s not much action in store for Canadian interest rates, as the Bank of Canada (BoC) left its benchmark cost of borrowing unchanged in its latest rate announcement on June 4.

The central bank opted to keep its overnight lending rate—which is used by lenders to set their prime rate and, by extension, variable mortgage rates—at 2.75%.

This is the BoC’s second consecutive rate hold, following a rate pause on Apr. 16. Prior to that, the BoC had steadily decreased its rate via a series of seven rate cuts between June 2024 and March 2025. Altogether, those decreases lowered its overnight rate by 225 basis points, from a previous high of 5% to the 2.75% we have today.

As a result, the prime rate used by Canadian lenders will also remain unchanged, at 4.95%.

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