Mike Laracy Ontario Mortgage Specialist

06/10/2026

No surprises today. The Bank of Canada held rates again.

I know everyone is waiting for that dramatic rate-drop headline, but for now we’re still in a “wait and see” environment.

The good news? You don’t need to wait for the Bank of Canada to make a move before reviewing your mortgage options. I’ve had some great conversations lately with homeowners who thought they had to wait, only to find out there were options already on the table.

Sometimes the biggest savings come from a strategy change, not a rate change.

Message me anytime and let's chat about how I can help you. The next rate announcement will be July 15!

Cheers,
Mike

05/27/2026

Proud to support this amazing cause and our friend who has worked so hard on putting together an incredible evening in support of Saint Vincent de Paul!

Spotlight on Silver! 🩶 A huge thank you goes out to these Silver Sponsors whose generous financial support makes our event possible and brings us closer to our community goals. We are so grateful for your belief in our mission! Your donation will help to provide children in our community a cozy, warm bed to call their own. 💓

04/29/2026

On April 29, 2026, the Bank of Canada held its policy interest rate steady at 2.25% for the fourth consecutive decision, leaving Prime at 4.45%.

The decision comes amid continued geopolitical clashes, including conflict in the Middle East, which has sparked energy price volatility. The Bank continues to balance managing inflation, which has been affected by global supply pressures, while supporting the Canadian economy.

The next scheduled interest rate announcement is June 10, 2026.

Contact me with any questions you may have!
Mike

03/18/2026

The Bank of Canada just held the key rate for the third time in a row. Here’s what you need to know:

Variable Rates are Steady: With the hold, variable rates remain a strong play for those looking for immediate cash flow.

Fixed Rates are Rising: Uncertainty from the conflict in the Middle East has pushed bond yields up, meaning fixed rates are actually getting more expensive right now.

The Opportunity: Jumping on a variable rate deal now lets you avoid the rising "uncertainty premium" on fixed terms, while keeping the door open for future savings if the economy cools later this year.

Contact me to discuss your options!
P: 519-865-0451
E: [email protected]
W: www.LaracyLending.com

Mortgages Brantford Real Estate Bank of Canada

03/17/2026

"May your blessings outnumber the shamrocks that grow, and may trouble avoid you wherever you go."

Cheers, Mike

03/05/2026

Tax Season Reality Check: List your payments before you file!

Tax season has a way of showing the full picture—what came in, and where it went. Before you file, list every monthly payment: mortgage, car, credit cards, lines of credit, loans, and subscriptions. Most families are surprised by how many separate payments they’re carrying, which is why cash flow feels tight.
Once it’s on one page, we can talk about whether a simple paydown plan is enough—or whether consolidating into one structured payment is worth exploring.

DM me “payment list” and I’ll send a template + a quick ‘one payment vs many’ comparison framework.

03/04/2026

Sunday we Spring Forward! ☀️ Don't forget to change those clocks...and hopefully we follow suit with BC and this is the last year we have to do this!

Cheers, Mike

03/03/2026

2026 MARKET VIBE
Cooler Market + Rate Hold = Focus on Cash Flow!

Quick market note as we head into March: the Bank of Canada has been holding steady, and we’re in a slower, more balanced housing market than the peak years. That’s why a lot of Ontario homeowners are choosing to stay put and improve monthly cash flow instead of moving. If your mortgage renews in the next 12–18 months—or you’re carrying other debts—now is a smart time to review your structure before spring gets busy.

A short review can tell you if refinancing, consolidating, or simply staying the course makes the most sense for your situation.

DM me “March review” for a quick cash flow checkup: mortgage + debts + renewal timeline in one conversation.

03/01/2026

Tax + Cash Flow Sunday Reset: 15 minutes today can save you hours later!

Grab a folder (paper or digital) and start dropping in your mortgage statement, property tax bill, donation receipts, and any rental notes if you have them. This is general information only, not tax advice—but being organized early makes filing smoother and makes it easier to have a useful mortgage conversation if cash flow feels tight. If helpful, I’ll send you the exact checklist I use with clients.

DM me “checklist” and I’ll send the homeowner tax + cash flow folder checklist.

01/28/2026

Bank of Canada HOLDS the rate today!

That means variable mortgage rates stay steady — and there are some very strong variable rates available right now.

If you’re:
• renewing soon
• thinking about refinancing / debt consolidation
• shopping for your first home

…this is a good time for us to run your numbers and compare fixed vs variable based on your plan.