Katya Ells Dominion Lending Centres The Mortgage Source

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Almonte, ON
Katya Ells Dominion Lending Centres The Mortgage Source

5-Star Local Mortgage Broker Helping families & first-time buyers across our community feel confident and supported through every step of the mortgage journey.

Clear guidance. Tailored solutions. Stress-free closings. When you hear Mortgage, think Katya

10/28/2026

👀 As the expectation of the increase was growing exponentially, I was hoping we would see one more hold!

The Bank of Canada announced a 0.25% rate increase today, bringing its overnight lending rate to 2.50%. This would make lenders prime change from 4.45 to 4.70%

🏡 What does this mean for your mortgage?

📈 Variable/Adjustable-rate mortgages: Your interest rate will likely increase as lenders adjust their prime rates accordingly. Adjustable rate mortgage holds will see an increase in their rate and payment as lenders make these adjustments. Variable rate your payment won’t change but the interest being charged will take up more of that payment.

🔒 Fixed-rate mortgages: No immediate impact on your existing mortgage rate!
Fixed rates are based off bond yields and started increasing weeks ago. Do not wait for the Bank of Canada announcements to lock into a fixed rate - these are on a different trend.

💡 Why the increase?
Inflation remains higher than anticipated, and the Bank of Canada is working to prevent further inflationary pressures.

10/22/2026

👀 Could interest rates be increasing sooner than expected?

Canada’s latest inflation report is out, and the outlook for interest rates is shifting!

While headline inflation has increased to 3.1%, much of that increase is being driven by higher gasoline prices. The good news? Underlying inflation is showing signs of cooling.

🏦 So, what does this mean for the Bank of Canada’s October 28 announcement?

Financial markets are increasingly confident on a rate increase, although some economists still anticipate a hold due to core inflation cooling & a weaker labour market.

🏡 What does this mean for your mortgage?

Remember, fixed and variable mortgage rates are influenced by different factors and don’t always move together.

If you’re in a variable-rate mortgage, now is a good time to understand your current rate, compare your fixed-rate options, and see how a potential increase could impact your payments.

The takeaway? Don’t panic, but be prepared!

Every mortgage is different, and the right decision depends on your individual circumstances and long-term goals.

Have questions about your mortgage? Reach out [email protected] 📩 I’m trash with DMs

When you hear Mortgage, think Katya. 🏡

07/15/2026

These are the two kids reviewing your mortgage application. 😂🏡

Who would’ve thought we would grow up to help people buy, refinance, renew & navigate some of the biggest financial decisions of their lives?!

We may look a little different now, but we still bring the same curiosity, determination, and enthusiasm to every file.

Meet the younger versions of Katya and Justin—the team working behind the scenes to help get your mortgage to the finish line 🏠.

Fun fact about me (Katya) I’m still struggling to put down the scissors when it comes to giving myself bangs 🫣

06/11/2026

🏦 The Bank of Canada has held the overnight rate again- meaning the prime rate has remained unchanged.

🤷‍♀️ WHAT DOES THIS MEAN FOR YOU?
🏠 If you are a variable/adjustable mortgage rate holder, your payment and rate will remain the same ✅
🏠 If your mortgage is a fixed rate, continue on, these announcements don’t effect you ✅
🏠 If your mortgage is up for a renewal, may be a great option to consider variable - if going fixed rates are rather stagnant at this time.

🤷‍♀️ WHAT DOES THE FUTURE HOLD?
🔮 If inflation accelerates there is a chance we could see a rate hike - however with the economy in a slump, we could see a decrease to help stimulate the housing market/overall economy. With two opposing focuses as play, economist predict the overnight rate will be kept steady this year as it has been.

06/04/2026

🤷‍♀️”How much money will I have once our house sells?“

This is a question I love to hear! When we are doing a mortgage application for sellers looking to buy - we complete a cost sheet to get a proper estimate of the funds remaining for your next down payment!

On this sheet we consider realtor costs, legal fees for both selling and buying (HST!!) plus if there are any debts we need or want to pay out! Lastly we always make sure there is a buffer in case we need a bridge loan or if there are more legal fees, moving expenses etc.

05/08/2026

💐 it’s Mother’s Day weekend 💐
Wanted to share some things you may hear me say professionally and personally 👀

💕 Happy Mothers Day (I know I’m early) to all the moms out there - biological moms, bonus mom, those missing their moms, those longing to be moms, moms missing their littles 💕

05/07/2026

Let’s talk 🏠 EQUITY 🏠

🤔 How much equity do you have in your home?
Equity = Market Value - Current Mortgage/HELOC Balance

🏠 How much can you access? 80% of the value
Leaving 20% equity in your home, or more!

What can you use it for??
💸 Paying off high interest debt 💸
🔨 Renovations 🔨
🏦 Investments 🏠
🧑‍🧑‍🧒‍🧒 Kids school - competitive sports - kids in general lol they are expensive 👀

04/30/2026

👀 As expected the Bank of Canada has maintained the overnight rate. Lenders have followed suit and kept their prime rate at 4.45%
👋 Variable rate/Adjustable rate mortgage holders (and HELOC havers) there is no change to your rate or payment 🙅🏼‍♀️
👋 fixed rate mortgage holders - this announcement still has nothing to do with your mortgage 💁🏼‍♀️

02/03/2026

👀 This is the most common mortgage question I get — and the answer isn’t just a number.

When someone asks me this, I look at:
✔ Income (and how stable it is)
✔ Existing debts
✔ Down payment
✔ Monthly comfort level
✔ Life costs calculators don’t account for

Because the max approval and the right payment are rarely the same.

The goal isn’t to buy the biggest house possible.
It’s to buy a home that still lets you live.

If you have questions about qualifying or want to get a pre-approval started, don’t hesitate to reach out!

01/29/2026

As per my post yesterday- here’s your update!!

📢 Mortgage Update!
Canada’s banking regulator — OSFI (Office of the Superintendent of Financial Institutions) — released its quarterly report TODAY!

Here’s what that means for house hunter and mortgage shoppers:
🏠 The mortgage stress test is staying in place for now — no changes on how borrowers must qualify.

📊 OSFI reaffirmed loan-to-income (LTI) limits for lenders, which means banks still have rules about how much high-leverage lending they can do overall.

👩🏼‍💻 They also opened a 6-month consultation on consolidating and modernizing mortgage guidelines — something that could shape future lending practices.

💬 Basically…. For now, the way YOU qualify for a mortgage hasn’t changed — but lenders are watching income and risk closely, and changes could be ahead once consultation wraps up in 6 months!

Address

110 Heather Crescent
Almonte, ON
K0A1A0

Website

http://katyaells.ca/

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