Isabel Burnett - Mortgage Agent

03/18/2026

Bank of Canada holds steady at 4.45% — but what does that really mean for you

With inflation still proving sticky and global uncertainty lingering (think ongoing geopolitical tensions, energy market volatility, and slower economic growth worldwide), today’s rate hold signals caution—not comfort.

🏡 For potential homebuyers:
Fixed rates may offer peace of mind in an unpredictable environment, while variable rates could still carry risk if inflation resurges and future hikes return. The “wait and see” approach isn’t just for central banks—it might apply to your buying strategy too. But with fixed rates are on the rise, securing a rate hold is a good idea!

📉 For current variable-rate holders:
This pause brings short-term relief, but not a full turning point yet. If global pressures keep inflation elevated, rate cuts could take longer than expected—so budgeting with a buffer remains key.

Bottom line: We’re in a “higher for longer” world, shaped as much by global forces as domestic policy. Stay informed, stay flexible, and make decisions that align with your long-term goals—not just today’s headlines.

Have any questions ? Message me today!

02/17/2026

03/12/2025

Woohoo🎉🎉

Amid all this unknown with tariffs and everything else going on the BoC has decided on a rate drop of .25% bringing the policy interest rate down to 2.75%!!!

If the banks follow and match this drop it would bring the prime rate down the 4.95%. This means that if you have a variable rate mortgage product or loan, your rates will drop .25% too!!

Going forward I think the BoC will be closely looking at the situation with the states as well as inflation to determine if they will drop again come April 16th (next rate announcement) so keep your eyes on the news and pray for the best🤞🏼

Isabel Burnett
Mortgage agent level 1

02/26/2025

Did you know that 1.2 million mortgages will be coming up for renewal in Canada in 2025!!!

Make sure to follow these tips when it comes to renewing your mortgage and reviewing your options to get the best mortgage possible for you and your goals.

1️⃣ START EARLY!!
You can start shopping for your mortgage renewal up to 120 days in advance. You could get a great rate if the timing is right and avoid a high interest open mortgage if you miss your renewal date.

2️⃣ ASSESS YOUR GOALS!
Your renewal time is the time to think about the future. Do you want to sell in the next few years? Downsize? Upsize? Retire? Do you need a lower mortgage payment and want to up your amortization? Do you want to do a renovation at some point? These are all things to consider going into your renewal. ASK THE QUESTIONS.

3️⃣ RETHINK YOUR LENDER
They will send you an offer of renewal, it may be a good one and if you have a good relationship with your institution you may want to stay. It never hurts to have fresh eyes look it over and give you some advice.

4️⃣NEGOTIATE!
If you start early you can shop around and make sure you get the best mortgage for you. There could be many different options so make sure you have someone working hard for you.

Which brings us to the most important….

5️⃣WORK WITH A MORTGAGE AGENT (aka me🤭)
I’ll work hard to make sure you can achieve your mortgage goals and get the best offer available for you.

Message me today, I’ll have your best interest at heart and will help you understand your options.

- Isabel

Mortgage agent level 1
# m24002003

01/29/2025

The Bank of Canada has announced a policy interest rate decrease by 0.25%, bringing it to 3.00% and the prime rate to 5.20%!!

This is the 6th consecutive drop and the first announcement of the year! While 3% sounds like a lovely number here’s what you need to know!

The policy interest rate or the overnight rate is the rate at which BANKS lend or borrow money with each other.

This rate sets the tone for the PRIME RATE which is the rate which banks will lend at in terms of mortgages, lines of credit etc. and are known as variable rates or ARM (adjustable rate mortgage). This is a fluctuating rate dependant on the Bank of Canada’s announcements like these ones!

A variable rate mortgage typically is a + or a - depending on the prime rate (ex. P-.80) so with the drop comes a bit of relief to those that currently hold variable rate products. There are people who are saying we could have a few more drops throughout the year so keep an eye out for more updates!!

Next announcement is Wednesday, March 12th! If you have any questions just shoot me a DM!

-Isabel

01/28/2025

Set your alarms!! BoC ANNOUNCEMENT TOMORROW MORNING☀️⏰🏦

Our first interest policy rate announcement comes tomorrow and who knows what it could bring!! While many are saying we are looking forward to another drop, we can’t be sure by how much. If that were to happen we’d be getting closer and closer together when it comes to fixed and variable interest rates! And just as a reminder this announcement will affect those with variable rate mortgages and lines of credit/loans.

What are your predictions? Do you have a variable rate mortgage that could be impacted by this announcement? Does this whole thing just confuse you as to what actually impacts rates and mortgages? If so, send me a DM! I’m happy to answer any questions you may have🤗

- Isabel
Isabel Burnett
Mortgage agent level 1
# m24002003

01/15/2025

2025 resolutions… BUYING A HOME!!✨

🪴If you’re thinking about entering the housing market you need a place to start and what better place than with people that are there for you every step of the way!

🏠Starting with your mortgage agent who can help you with a pre-approval to determine your purchasing price and find the best lender for your mortgage needs! From there, your reliable realtor can help you find your dream home!

💌Send us a message today to get started, it’s never too early to start planning for your future! Your future self will thank you!!

Always here to help,
- Isabel & Holly
Isabel Burnett
Mortgage agent level 1
# m24002003
Holly Waite
📲647-560-0848
📧 [email protected]

01/13/2025

Here’s a little reminder that you can always use the minimum down payment amount on purchases under $1.5M!✨

Back in December they announced some rule changes and one being that the maximum purchase price for a minimum down payment increased from $1M to $1.5M. This is to reflect the increasing prices of homes in Ontario and to encourage those to get into the housing market!

Here I explain how to calculate the minimum down payment. Did you know that you don’t have to be a first time home buyer to take advantage of it?

If 2025 is the year you starting thinking about purchasing a new home, whether it’s your first or not, send me a message! I’m always here to help!

- Isabel
Isabel Burnett
Mortgage agent level 1
# m24002003

01/09/2025

Mortgage 101: Terms and Amortizations!✨

When it comes to a mortgage, it will take years to pay it off! The time period of your mortgage is your amortization. This can be 25-30 years (or more depending on the lender) and will be payed off over several terms of your mortgage life. These terms can be 1-10 years with the majority of terms being 5 years.

Once your term ends you will have to renew your mortgage if you still have an outstanding balance on your mortgage. Each term will come with an interest rate and conditions to be met.

Did you know this? If you have any questions please don’t hesitate to reach out! Are you looking to renew your current mortgage? Is 2025 the year you start thinking about entering the real estate market? this is good to know and keep in mind!

I’m always here to help, send me a message today!
- Isabel
Isabel Burnett
Mortgage agent level 1
# m24002003

01/07/2025

Is 2025 the year for saving?✨

Whether it’s for a down payment on your first home, or for paying down your existing mortgage saving is harder than it sounds! In this economy?!!!

In all seriousness, saving isn’t about one big change, but lots of small changes over time! Knowing how to spend your money wisely and investing your money properly can go a long way! Here are a few tips to help you manage your savings and get you closer to your goals!

Any questions you have, always reach out! I’m always here to help.

- Isabel

01/06/2025

Bank of Canada rate announcements for 2025!!✨🗓️🔔

The eight days of interest rate announcements have been confirmed so if you have a variable interest rate mortgage or line of credit set your calendars and keep your eye out for any changes!

The prime date currently sits at 5.45% meaning that if you have a variable rate of P-0.80 your rate will be 4.65%! As prime rates are coming down they are getting closer to fixed rates.

If you have any questions about your mortgage and what this means for you contact me, I’m always here to help!

- Isabel
Isabel Burnett
Mortgage agent level 1
# m24002003

01/04/2025

And with that, 2025 is off to a great start! Happy new year✨🍾🥂

What are your resolutions for the new year? Is a mortgage in your future? It’s always good to get a head start and find out what you can qualify for when it comes to a mortgage!

Is your existing mortgage up for renewal this year? Make it a resolution to find out what your best options are! Working with so many lenders offers so much choice and it never hurts to get an opinion!

Whatever you need, contact me today and we can get started! Whatever your mortgage resolutions and goals are I’m here for you!

- Isabel