Murray Mortgages

02/11/2026

📉 Home prices are softening across many Canadian cities — and buyers are starting to gain more power in the market.

🍁A new RBC report shows the gap between supply and demand widened in January. More homes are hitting the market, but many buyers are staying cautious. Winter storms, higher costs, and uncertainty are all playing a role. Across much of the country, inventory is rising faster than demand. That’s giving buyers more choice and more negotiating power than we’ve seen in a while.

📢 If you’ve been waiting for the right time to explore your options, this shift could create opportunities. Every market and every borrower is different, so it’s important to have a plan.

➡️Curious how this affects your current mortgage strategy? Send me a message—happy to break it down for you!

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01/29/2026

📣 **Bank of Canada Holds Rates Steady – What That Means for You** 🏦🇨🇦

On **January 28, 2026**, the BOC announced it is keeping its **policy interest rate at 2.25%** — no change from December. This was widely expected by markets and economists alike.

👉 **Why did they hold the rate?**
The Bank says the current rate is still *appropriate* for the economy right now. Inflation is around the target of **2%**, and economic growth is modest but steady. At the same time, the Bank highlighted **higher uncertainty** — especially from unpredictable foreign trade policies (like U.S. tariffs) and other global risks — making it harder to forecast exactly when rates should change next.

This means your **variable mortgage costs aren’t going up right now**, but they’re not going down either — at least for the moment. 🏡💡

📅 **Next Rate Decision:**
The next scheduled Bank of Canada meeting and rate announcement is on **Wednesday, March 18, 2026**.

📊 **What do experts expect next?**
Many economists believe the Bank will **keep rates steady through much of 2026** unless we see big changes in inflation, jobs, or global trade. Some think we *might* see a rate cut later in the year if the economic outlook weakens. Others are cautious — saying uncertainty could keep the Bank on hold.

➡️Curious how this affects your current mortgage strategy? Send me a message—happy to break it down for you!

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01/20/2026

📊 Inflation Update: No Rate Cut in Sight

Canada’s inflation jumped to 2.4% in December, mostly because the temporary GST break ended. Prices for groceries, rent, and dining out went up, but mortgage interest costs didn’t rise much.

The Bank of Canada is expected to keep rates steady next week (Jan 28), so homeowners and buyers can plan with some stability.

👉 What does this mean for you?
Every mortgage is different, and small changes in rates can have a BIG impact over time.

➡️Curious how this affects your current mortgage strategy? Send me a message—happy to break it down for you!

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09/17/2025

🍁🏦 The Bank of Canada has lowered it's benchmark interest rate in a move that most felt was a foregone conclusion. The Bank pointed to the weakening economy and less upside risk to inflation in its decision to cut.

👉 What does this mean for you?
Every mortgage is different, and small changes in rates can have a BIG impact over time. Even a 0.25% drop could mean thousands saved over the life of your mortgage.

➡️Curious how this affects your current mortgage strategy? Send me a message—happy to break it down for you!

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09/15/2025

09/10/2025

📉 🔮The Bank of Canada may be cutting rates as job losses and trade tensions continue to grow. Some experts say cuts could come as early as September 17, while others think we may see them later this fall.

But here’s the thing 👉 no one can predict the exact timing. That’s why locking in a rate hold today is so important. A rate hold protects you for up to 120 days, meaning even if rates rise before your mortgage closes, you’re safe ✅. What if they drop? You still get the lower rate. It’s truly a win-win! 🏡🔑 Your future home is waiting — let’s make sure you’re ready.

➡️If you are thinking of buying, renewing, refinancing or just curious how this affects your current mortgage strategy, send me a message—happy to break it down for you in plain English!

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➡️Comment GUIDE below to receive a complimentary Home Buyers Guide to kickstart your journey.

08/26/2025

📉📈 Fixed or variable? It's a question I have been hearing a lot lately. The mortgage market feels like a tug-of-war right now. Rates are moving weekly, sometimes even daily, with no clear trend in sight.

The good news? Some lenders are back with 5-year fixed rates under 4%—but that could change quickly. As one expert said, “every single news item” can swing bond yields and mortgage rates.

That’s why I always recommend a rate hold. 🏡 It locks in today’s rate for up to 120 days. If rates go up, you’re protected. If they go down, you still get the lower rate. Win-win! In this market, peace of mind is priceless. ✨

➡️If you are thinking of buying, renewing, refinancing or just curious how this affects your current mortgage strategy, send me a message—happy to break it down for you in plain English!

➡️Like, Share & Follow this page for more mortgage tips and advice.

➡️Comment GUIDE below to receive a complimentary Home Buyers Guide to kickstart your journey.

07/30/2025

📢 Bank of Canada Update – July 30 📢

🏦Today, the BoC kept its key interest rate at 2.75% 📌

Why? The economy’s going through a bit of a rough patch—U.S. tariffs are making trade tricky, and growth slowed down in the spring. But overall, Canada’s still holding steady. 💪🍁

Inflation is around 2%, with housing costs still high but slowly cooling. The Bank is being cautious—waiting to see if things improve or if a rate cut might be needed later this year. ⏳📉

➡️If your thinking about buying, renewing, refinancing or just curious how this affects your current mortgage strategy, send me a message—happy to break it down for you in plain English — staying informed is key! 🔑

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07/29/2025

🔮What's your prediction??

🍁🏦All eyes are on the Bank of Canada this week, but don’t expect much action. The central bank is likely to hold its rate steady at 2.75%—for the third time in a row.

🤔Why? Inflation’s still too sticky, even as the economy shows signs of slowing. Consumer and business confidence has dipped, spending is cautious, and job growth is uneven. But with core inflation running hot and uncertainty around trade and fiscal policy, the BoC seems content to stay put for now. As one economist put it: Canada’s not strong enough to celebrate, but not weak enough to worry—yet.

➡️Curious how this affects your current mortgage strategy? Send me a message—happy to break it down for you
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07/16/2025

📈 June Inflation Update – What It Means for You 🏡

🍁Inflation in Canada crept up slightly last month, making it more likely the Bank of Canada will hold interest rates steady on July 30.

🤔What's behind the rise? Higher costs for things like cars, furniture, and rent — all things many of us are feeling day to day. Even though the overall picture isn’t alarming, it’s clear the Bank isn’t ready to cut rates just yet.

➡️Curious how this affects your current mortgage strategy? Send me a message—happy to break it down for you
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07/02/2025

🍁🏦The next BoC announcement is slated for July 30. Experts are still predicting the rate will be further eased another two times before the year comes to a close.

➡️Curious how this affects your current mortgage strategy? Send me a message—happy to break it down for you
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Canada's economy dipped 0.1% in April, coming in below expectations and adding to speculation that the Bank of Canada may have more room to cut rates this summer.

06/04/2025

🍁🏦For the second time in as many meetings, the Bank of Canada has left it's rate unchanged. The decision was generally anticipated amongst economists. The next rate announcement will be on July 30.

➡️ Curious how this affects your current mortgage strategy? Send me a message—happy to break it down for you!

➡️Like, share and follow this page for more mortgage tips and advice.