The Mortgage Minds Inc.

The Mortgage Minds Inc. We are a dynamic group of Mortgage Professionals with over 45 years of past financial experience. Pr

Just a reminder to all Canadiansโ€ฆ The deadline for filing your 2025 taxes is coming up.Start sending them off now, wheth...
04/17/2026

Just a reminder to all Canadiansโ€ฆ The deadline for filing your 2025 taxes is coming up.

Start sending them off now, whether you're a homeowner or not.

~The Mortgage Minds Inc~

From all of us at The Mortgage Minds, we wish you and your family a wonderful Easter weekend, if you celebrate.๐Ÿฐ๐Ÿฅš๐Ÿฐ๐Ÿฅš
04/05/2026

From all of us at The Mortgage Minds, we wish you and your family a wonderful Easter weekend, if you celebrate.

๐Ÿฐ๐Ÿฅš๐Ÿฐ๐Ÿฅš

The Bank of Canada announced today that it will once again hold the policy interest rate at 2.25%.For homeowners and buy...
03/18/2026

The Bank of Canada announced today that it will once again hold the policy interest rate at 2.25%.

For homeowners and buyers, that means no immediate change to variable mortgage rates.

So why the pause?

Over the past year, inflation in Canada has moved closer to the Bankโ€™s target range of 1โ€“3%, which reduces pressure to raise rates further.

However, the economy has been sending mixed signals. Household spending has slowed, the housing market is adjusting, and many Canadians renewing their mortgages are already dealing with higher borrowing costs than they had during the pandemic.

Plus, the global turmoil and increase in oil and natural gas prices leave economic impacts a little uncertain at this time.

Because of this, the Bank is taking a wait-and-see approach. Holding the rate gives policymakers more time to see how the economy responds to the changing environment.

For borrowers, todayโ€™s decision provides short-term stability.
If youโ€™re buying, renewing, or planning ahead, rate announcements like this are a reminder that the mortgage landscape continues to evolveโ€ฆ even when the rate itself doesnโ€™t move.

~The Mortgage Minds Inc~

From our families to yours, Merry Christmas!Wishing you a warm and joyful holiday season ๐Ÿ’–With gratitude,The Mortgage Mi...
12/25/2025

From our families to yours, Merry Christmas!

Wishing you a warm and joyful holiday season ๐Ÿ’–

With gratitude,
The Mortgage Minds Inc.

Bank of Canada Rate Update | Last Update for 2025The Bank of Canada held the overnight rate at 2.25%.Hereโ€™s what theyโ€™re...
12/10/2025

Bank of Canada Rate Update | Last Update for 2025

The Bank of Canada held the overnight rate at 2.25%.

Hereโ€™s what theyโ€™re seeing:
โ€ข Economic growth surprised on the upside, with GDP up 2.6% in Q3
โ€ข The job market improved, with unemployment dipping to 6.5% in November
โ€ข Inflation cooled slightly to 2.2%, still close to target

Thereโ€™s still global uncertainty; especially around trade and tariffs so the Bank emphasized itโ€™s ready to respond if things change, but for now, this rate supports stability.

๐Ÿก What this means for housing:
When rates rose quickly from 0.25% to 5.00%, home prices in Canada fell about 25%.

Since rates have eased back down to 2.25%, prices in Canada have remained relatively steady โ€” down around 1.4%.

๐Ÿ’ฌ Bottom line:
Rates are steady. The economy is holding up. And the Bank is watching closely. โ€œUncertainty remains elevated. If the outlook changes, we are prepared to respond.โ€
( Source: Bank of Canada )

Any questions, DM us

๐“๐ก๐ž ๐ˆ๐ฆ๐ฉ๐จ๐ซ๐ญ๐š๐ง๐œ๐ž ๐จ๐Ÿ ๐š ๐๐ซ๐ž-๐€๐ฉ๐ฉ๐ซ๐จ๐ฏ๐š๐ฅBefore you start house-hunting, a pre-approval gives you real clarity and a big advantag...
11/27/2025

๐“๐ก๐ž ๐ˆ๐ฆ๐ฉ๐จ๐ซ๐ญ๐š๐ง๐œ๐ž ๐จ๐Ÿ ๐š ๐๐ซ๐ž-๐€๐ฉ๐ฉ๐ซ๐จ๐ฏ๐š๐ฅ
Before you start house-hunting, a pre-approval gives you real clarity and a big advantage.

๐‘ฏ๐’†๐’“๐’†โ€™๐’” ๐’˜๐’‰๐’š ๐’Š๐’• ๐’Ž๐’‚๐’•๐’•๐’†๐’“๐’”:

๐™†๐™ฃ๐™ค๐™ฌ ๐™ฎ๐™ค๐™ช๐™ง ๐™ฉ๐™ง๐™ช๐™š ๐™—๐™ช๐™™๐™œ๐™š๐™ฉ
No guessing โ€” youโ€™ll understand exactly what you can afford based on your income, credit, and debts.

๐™Ž๐™ฉ๐™–๐™ฃ๐™™ ๐™ค๐™ช๐™ฉ ๐™ฉ๐™ค ๐™จ๐™š๐™ก๐™ก๐™š๐™ง๐™จ
A pre-approval shows youโ€™re serious and qualified, making your offer stronger than someone who doesnโ€™t have one.

๐™‡๐™ค๐™˜๐™  ๐™ž๐™ฃ ๐™– ๐™ง๐™–๐™ฉ๐™š
Many lenders hold a rate for 90โ€“120 days, giving you protection if rates rise while you shop.

๐™ˆ๐™–๐™ ๐™š ๐™ฉ๐™๐™š ๐™ฅ๐™ง๐™ค๐™˜๐™š๐™จ๐™จ ๐™จ๐™ข๐™ค๐™ค๐™ฉ๐™๐™š๐™ง
You move faster when you find โ€œthe oneโ€ because your finances and income are already reviewed.

๐˜ฝ๐™š ๐™ฅ๐™ง๐™š๐™ฅ๐™–๐™ง๐™š๐™™
Youโ€™ll see your estimated payments and terms upfront so nothing feels unclear or overwhelming.

If you want to get pre-approved or have questions please connect with us!

~ The Mortgage Minds Inc ~

Gratitude runs deep today.For the heroes who gave, the families who waited,and the freedoms we sometimes take for grante...
11/11/2025

Gratitude runs deep today.
For the heroes who gave, the families who waited,
and the freedoms we sometimes take for granted.
We remember. Always. โค๏ธ

Lest we forget.

~ The Mortgage Minds Inc.~

๐ŸŽƒ Happy Halloween from all of us at The Mortgage Minds! Wishing you a night full of fun, laughter, and just a little bit...
10/31/2025

๐ŸŽƒ Happy Halloween from all of us at The Mortgage Minds!

Wishing you a night full of fun, laughter, and just a little bit of spookiness ๐Ÿ‘ป

Also, go Jays! โšพ๏ธ

~The Mortgage Minds Inc ~

The Bank of Canada has dropped its rate a second time in a row.The overnight rate is now 2.25%.Whatโ€™s behind this decisi...
10/29/2025

The Bank of Canada has dropped its rate a second time in a row.

The overnight rate is now 2.25%.

Whatโ€™s behind this decision?

The economy has been facing some real headwinds lately, driven by U.S. trade uncertainty, slowing exports, and weaker business investment. Many companies are pressing pause on spending until thereโ€™s more clarity on trade policy and global supply chains.

At the same time, job growth has softened โ€” unemployment is holding around 7% โ€” and the Bank says overall momentum in the economy has cooled. That combination was enough for policymakers to step in again to give the economy a bit more support.

๐Ÿ’ฐ Hereโ€™s what it means for you:

Variable-rate mortgage holders: Expect a little relief โ€” your payments should dip slightly with this latest cut or if you have a static payment, more of that payment will be applied to the principle portion.

๐Ÿ“Š The bigger picture:

Inflation is sitting close to 2.0%, right around the Bankโ€™s target. But with growth forecasts now trimmed to 1.2% for 2025 and 1.1% for 2026, the Bank is clearly signaling that Canadaโ€™s economy is in a softer patch.

Officials said today that this rate is โ€œabout the right level for nowโ€ โ€” meaning theyโ€™re not planning more cuts unless conditions worsen.

๐Ÿ‘‡ Whatโ€™s next?

The next rate announcement is December 10, 2025

Curious about how this latest move could affect your mortgage, renewal, or financial plans?
Connect with us anytime!

~The Mortgage Minds Inc ~

National Day for Truth and Reconciliation Day ๐ŸงกWe hold space for the children who never came home, the survivors who car...
09/30/2025

National Day for Truth and Reconciliation Day ๐Ÿงก

We hold space for the children who never came home, the survivors who carry the stories, and the families and communities forever changed.

At The Mortgage Minds, we believe that community is built on listening, learning, and walking forward together. Today is a reminder to keep showing up โ€” to learn from the truth, to honour every story, and to work toward a future rooted in compassion, understanding, and respect.

Every child matters. ๐Ÿงก

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284, 6005 Gateway Boulevard (apt. Only)
Edmonton, AB
T6H2H3

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