Trina Tallon - Mortgage Agent at Neighbourhood Dominion Lending Centres

10/29/2025

BREAKING NEWS! This means that the prime rate will now be at 4.45%. VARIABLE and ADJUSTABLE rates are based on the prime rate. For most people, your mortgage rate is based on prime minus a discount.
**For example, less than 20% down, Prime minus .8% would give you a mortgage rate of 3.65%
WHY VARIABLE over FIXED?
*Variable is flexible. You can choose to stay with variable for your term or lock into a fixed rate at anytime.
*Variable carries a 3 month interest only penalty, whereas fixed is either 3 month interest or Interest Rate Differential calculation, whichever is greater.
*Making variable more affordable if you want to refinance for renovations, for your next property purchase, investments, debt repayment, etc.
HOWEVER, when the Prime rate fluctuates, so does your mortgage rate.
DECIDING on Variable vs Fixed is dependent on your plans, comfort level and budget.
Contact Trina 705.669.7798 or [email protected]
Get your pre-approval going BestMortgageForYou.ca
**If you found this information valuable, please share with your friends and family.**

09/17/2025

BREAKING NEWS! This means that the prime rate will now be at 4.7%. VARIABLE and ADJUSTABLE rates are based on the prime rate. For most people, your mortgage rate is based on prime minus a discount.
**For example, less than 20% down, Prime minus .8% would give you a mortgage rate of 3.9%

WHY VARIABLE over FIXED?
*Variable is flexible. You can choose to stay with variable for your term or lock into a fixed rate at anytime.
*Variable carries a 3 month interest only penalty, whereas fixed is either 3 month interest or Interest Rate Differential calculation, whichever is greater.
*Making variable more affordable if you want to refinance for renovations, for your next property purchase, investments, debt repayment, etc.

HOWEVER, when the Prime rate fluctuates, so does your mortgage rate.

DECIDING on Variable vs Fixed is dependent on your plans, comfort level and budget.

Contact Trina 705.669.7798 or [email protected]
Get your pre-approval going BestMortgageForYou.ca
**If you found this information valuable, please share with your friends and family.**

03/19/2025

A bit of inform from DLC's chief economist, Dr Shery Cooper and latest inflation
Canadian Inflation Jumped to 2.6% y/y in February As GST Tax Holiday Ended" from Chief Economist
https://dominionlending.ca/economic-insights/canadian-inflation-jumped-to-2-6-y-y-in-february-as-gst-tax-holiday-ended

Contact Trina 705.669.7798 or [email protected]
Get your pre-approval going BestMortgageForYou.ca
**If you found this information valuable, please share with your friends and family.**

Canadian Inflation Surged to 2.6% in February, Much Stronger Than Expected The Consumer Price Index (CPI) rose 2.6% year-over-year (y/y) in February, following an increase of 1.9% in January. With the federal tax break ending on February 15, the GST and HST were reapplied to eligible products. This....

09/17/2024

Government raises insured mortgage cap
The federal government is raising the cap on insured mortgages to $1.5 million and expanding access to extended mortgage amortization periods, a bid to tackle a housing affordability crisis that’s put homeownership out of reach of scores of Canadians.

We don't have all the details yet. Possible roll-out by December 15th. Standy by for more details.

Contact Trina 705.669.7798 or [email protected]
Get your pre-approval going BestMortgageForYou.ca
**If you found this information valuable, please share with your friends and family.**

09/04/2024

WOOT WOOT Bank of Canada reduces policy rate by 25 basis points - what does this mean? For variable/adjustable rate mortgages (not fixed rates), the Prime rate has now decreased to 6.45%. Most mortgages have a discount off of Prime. For example, Prime minus 1% = a now interest rate of 5.45%. In January we were at Prime 7.2%. Variable rates offer lots of flexibility in your mortgage
Is it time to convert to a fixed rate? Maybe, maybe not.... contact me to review your mortgage.

Contact Trina 705.669.7798 or [email protected]
Get your pre-approval going BestMortgageForYou.ca
**If you found this information valuable, please share with your friends and family.**

06/05/2024

For more information, contact Trina:
☎️ 705-669-7798
📧 [email protected]
Get your pre-approval going BestMortgageForYou.ca
Download My Mortgage Toolbox App SudburyMortgageInfo.ca
**If you found this information valuable, please share with your friends and family.**

06/05/2024

🚨 The Bank of Canada has cut its overnight rate by 25 basis points for the first time since the pandemic! The policy rate is now 4.75%, down from 5%. This changes the Prime rate to 6.95% and this is the rate that effects VARIABLE/ADJUSTABLE rate mortgages (not fixed).
This move signals easing inflation. The Bank of Canada leads ahead of the Bank of England, ECB, and the US Federal Reserve.

03/04/2024

😂🙌

03/01/2024

Counting down the days until winter bids adieu! 🌸 Spring's peeking around the corner, and you know what that means – summer's inching closer too! ☀️ What's your favorite season? Drop your thoughts below! 🌷
For more information, contact Trina:
☎️ 705-669-7798
📧 [email protected]
Get your pre-approval going BestMortgageForYou.ca
Download My Mortgage Toolbox App SudburyMortgageInfo.ca
**If you found this information valuable, please share with your friends and family.**

02/29/2024

Ready to buy your first home? Great! You’re about to take a BIG step.
But, before you do, there are some important things to keep in mind.
For more information, contact Trina:
☎️ 705-669-7798
📧 [email protected]
Get your pre-approval going BestMortgageForYou.ca
Download My Mortgage Toolbox App SudburyMortgageInfo.ca
**If you found this information valuable, please share with your friends and family.**