Cindy Chan Mortgages

10/12/2026

Happy Thanksgiving! 🍂 Thankful for the continued trust and support of my clients. Wishing everyone a wonderful and happy Thanksgiving💞!

10/07/2026

10/07/2026

⭐️With fixed mortgage rates on the rise, contact me to strategically plan your mortgage financing options.

10/06/2026

⭐️Why are fixed mortgage rates going up?

• More government & business borrowing → puts upward pressure on bond yields

• Higher oil prices → increases inflation concerns

• Trade & geopolitical uncertainty → markets expect rates to stay higher

⭐️Fixed mortgage rates are influenced by bond yields.

⭐️Variable mortgage rates are influenced by the Bank of Canada’s policy rate and your lender’s prime rate.

09/26/2026

🌕🏮 Happy Mid-Autumn Festival!

Wishing everyone a beautiful evening filled with light, connection, gratitude, and little moments of joy. ✨

09/18/2026

Have mortgage questions? Contact me to discuss.

09/10/2026

⭐️Have you secured your mortgage pre-approval yet?

⭐️This should be the very first step before you start house hunting with your realtor.

⭐️Get pre-approved early so you can know your budget, identify any additional requirements, and address potential issues before you find a home you love and are ready to make an offer.

09/02/2026

📢 Bank of Canada Holds at 2.25%

The Bank of Canada held its overnight rate at 2.25% today.

💰 What does this mean for borrowers?
Lenders’ prime rate stays at 4.45%. Variable-rate mortgages, HELOCs and lines of credit tied to prime are therefore unchanged.

For variable-rate mortgage clients, your contracted discount from prime remains the same. You don’t pay 4.45% — your actual rate is based on prime minus or plus the rate set in your mortgage contract.

🇨🇦 Canada’s economy strengthened, with Q2 GDP up 3.3%, while inflation remains around 3%, partly due to higher gasoline prices.

🌍 The Middle East conflict is keeping energy prices elevated, increasing inflation risks, while 🇺🇸 U.S. tariffs are adding uncertainty to growth and inflation.

➡️ For now, the Bank is holding steady and closely monitoring inflation and the economy.

📅 Next rate decision: October 28

08/25/2026

Should you buy or rent? There’s no right answer for everyone.

The right choice depends on your finances, goals and lifestyle.

Thinking about buying?
Let’s look at your options.

08/12/2026

It’s always a pleasure helping clients with their mortgage needs. Thinking about buying a home? Let me guide you through the process.