Mortgage Intelligence Grande Prairie

07/15/2026

The Bank of Canada holds rates for a fifth consecutive review, as was expected by economists and the market.

Citing inflation fears and economic growth rebounding from the previous quarter, the Bank has decided that holding steady is the safest option; this choice was made rather than an increase to cool an overheated economy or a decrease to kickstart a frigid one.

We’ll have another review in August, but as things stand now, rates are likely to be held again unless something changes dramatically in the economy at home or abroad.

Still have questions about what today’s rate decision means for your mortgage? Give us a call at 780-296-5747.

07/01/2026

Happy Canada Day from us to you :)

03/18/2026

The Bank of Canada holds rates at 2.25%. Despite rates not decreasing, the stability of remaining at 2.25 is still a net positive.

06/04/2025

The Bank of Canada maintains its interest rate at 2.75%, leaving itself room to lower in the future if need be; this decision was likely brought on by the Bank’s concerns over inflation and the continuing tariff/trade war situation between the United States and Canada.

12/11/2024

The Bank of Canada has cut the interest rate a further 50 basis points, or half a percent from 3.75% down to 3.25%.

Expect lenders to move their rates downward in the coming days to follow suit!

11/10/2024

Hey folks!

I’d really appreciate it if you’d cast your vote for me in this years “CommunityVotes Award” for Grande Prairie’s best mortgage broker!

Thanks!

Official 2024 Community Voting Awards Platform for Grande Prairie, AB. Where the community votes for their favourites every year.