Cindy Chan Mortgages

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.

08/05/2026

Self-employed and wondering if you can qualify for a mortgage? I can help you navigate your options and find the right financing solution.

07/30/2026

Turn your Canmore real estate dreams into reality.

Whether you’re purchasing a vacation home or investment property, I can help you explore lender options tailored to your goals.

07/28/2026

So grateful to my client for taking the time to share their review. ❤️

It’s a pleasure to help clients with their mortgage and be part of their home-buying journey. 🏡

⭐️Contact me to get your mortgage approval in place!

07/24/2026

Are you planning to upgrade to a new home? 🏡

You may have more options than you realize. Depending on your situation, you may be able to:

⭐️ Refinance your current home and access equity to help with your down payment.
⭐️ Use a bridge loan to help bridge the gap between buying your new home and selling your current one.
⭐️ Keep your current home as a rental and build long-term wealth.

Every situation is different — let’s explore the options that may work best for you.

06/10/2026

📢 As Expected: The Bank of Canada Holds Its Policy Rate at 2.25%

⭐️Why?
• Inflation remains near 3%, largely due to higher energy prices.
• Canada's economy is growing slowly.
• Trade and geopolitical uncertainty remain elevated.
• The Bank wants more data before deciding its next move.

⭐️What This Means for Borrowers
• No immediate change for most variable-rate mortgage and line of credit borrowers.
• Fixed mortgage rates are influenced primarily by Government of Canada bond yields and can move independently of Bank of Canada rate decisions.

⭐️Bottom Line:
The Bank of Canada is balancing inflation risks against a slowing economy and has chosen to wait for more evidence before changing rates.

🏡 Questions about your mortgage renewal, refinance, or home purchase? Let's connect.

06/01/2026

Starting the week with gratitude. Thank you, OW, for your kind words. Congratulations on your new home!💞

05/14/2026