Katie Cronin- Mortgage Centre Specialist

09/02/2026

The Bank of Canada held its policy rate again. today — meaning no immediate change to borrowing costs on prime rate products.
👉 What this means:
Variable-rate mortgages, lines of credit, and credit cards (anything tied to prime) stay the same for now.
👉 Fixed rates are different:
They’re based on the bond market — not the Bank of Canada directly. Even though the Bank held steady, fixed rates have been creeping up recently due to rising bond yields, driven by global uncertainty (like war) and higher oil prices.
👉 Bottom line:
• Variable = unchanged (for now)
• Fixed = can still move independently
The next Bank of Canada rate announcement is October 28, 2026.

06/10/2026

No change - meaning prime rate stays the same for variable rate mortgages and revolving credit (credit cards / line of credits etc) Fixed rates follow the bond markets and have crept down a tad in the past week. The next scheduled date for announcing the overnight rate target is July 15, 2026.

06/02/2026

BUYERS 👇
What would it actually take to purchase a home at this price point?
💰 Purchase Price: $719,900
🏦 Estimated Income Needed: $136,855 – $156,153
📆 Example based on first-time buyer structure with minimum down payment (insured mortgage, 30-year amortization) + additional common financing options
Most buyers are surprised to learn they may qualify sooner than expected — or that different financing options can significantly change affordability.
That’s why I’ve started creating simple affordability snapshots so you can actually see what homeownership could look like before you start house hunting.
If you want your own personalized numbers, send me a message with “HOME”.

REALTORS 📣
I also create customized versions of these affordability sheets for your listings — branded to your property and designed for social media, open houses, and buyer engagement.
If you’d like one for your next listing, message me and I’ll put a sample together for you.

04/29/2026

This effects variable rate mortgages and revolving credit based on prime rate only :) Next BOC rate announcement is June 10 2026! As always fixed rates remain being influenced with increases or decreases following bond markets… We have seen a few increases in the past month + Currently variable rate mortgage rates are lower than fixed… Reach out to me for anything mortgages!!

03/18/2026

The Bank of Canada held its policy rate today — meaning no immediate change to borrowing costs on prime.
👉 What this means:
Variable-rate mortgages, lines of credit, and credit cards (anything tied to prime) stay the same for now.
👉 Fixed rates are different:
They’re based on the bond market — not the Bank of Canada directly. Even though the Bank held steady, fixed rates have been creeping up recently due to rising bond yields, driven by global uncertainty (like war) and higher oil prices.
👉 Bottom line:
• Variable = unchanged (for now)
• Fixed = can still move independently
The next Bank of Canada rate announcement is April 29, 2026.

03/17/2026

01/28/2026

Prime will stay at 4.45% - payments on variable mortgages and lines of credit etc. No change to fixed rates as of yet (fixed rates don’t change with the bank of Canada however they can adjust afterword - typically follow bond market) Next BOC rate announcement is Wednesday March 18 2026! Reach out for all@things mortgages!

12/16/2025

Rates increased again last week.

If your mortgage is renewing in the next 1–6 months, you don’t have to wait to review your options.

I can secure a rate for up to 120 days, with the ability to reduce it if rates improve before closing.

Even if you’re planning to stay with your current lender, most renewal offers aren’t their best rates.

💬 Comment or message RENEWAL or contact me for a free, no-obligation review.

12/10/2025

The next scheduled date for announcing the overnight rate target is January 28, 2026. The Bank’s next MPR will be released at the same time.