Ryan Dykstra Mortgages

10/28/2026

Bank of Canada has raised the overnight lending rate, which will bring the prime lending rate to 4.70%. This 0.25% increase will raise rate for Canadian's with a variable or adjustable rate mortgage. Fixed rates will not be affected. If you have questions about what this rate increase may mean for you give me a call 519-476-7355. I am always happy to help.

10/28/2026

Fall has a way of naturally slowing things down, which makes it the perfect season to reset a few habits before the year gets busy again. Small changes now can make a real difference in how you head into the next few months.

10/26/2026

Holiday closings come with a timeline most buyers don't expect, since everyone from lawyers to municipal offices tends to slow down this time of year. Building in a few extra buffer days now can save you a lot of last-minute stress later.

10/23/2026

It's tempting to treat holiday shopping as separate from your mortgage application, but lenders don't see it that way. A big purchase or new credit right before closing can genuinely shift your numbers, so it's worth holding off until after you're funded.

10/21/2026

Using gifted funds for your down payment is more common than people think, but it comes with paperwork lenders will ask for. Knowing what's required ahead of time can save you a scramble right before closing.

10/19/2026

Will the Bank of Canada hold rates steady? And what does that mean for your mortgage?

Canada’s latest inflation numbers suggest the Bank of Canada may have reason to keep interest rates on hold at its October 28 announcement.

Here are the key takeaways from September’s inflation report:

📈 Inflation edged up: Annual inflation rose to 3.1%, up from 3.0% in August, largely driven by higher energy prices.

⛽ Energy is the main driver: Gasoline prices increased 27.8% year over year. Excluding energy, inflation was considerably lower at 2.2%.

📉 Core inflation eased: The Bank of Canada’s preferred core inflation measures both declined, averaging 1.9%, suggesting underlying inflation pressures remain relatively contained.

🛒 Some relief at the grocery store: Grocery prices rose 1.7% year over year, the smallest annual increase since May 2024.

🏦 What does this mean for mortgage rates? Economists cited in the article expect the Bank of Canada to hold its overnight rate at 2.25% at its October 28 meeting. However, fixed mortgage rates can move independently of the Bank’s decision, so a rate hold doesn't automatically mean lower mortgage rates.

Thinking about buying, renewing, or refinancing? Don't leave your mortgage to chance.

Your current mortgage might not be your best option, and waiting for rates to drop isn't always the right strategy.

Whether your renewal is coming up, you're looking to purchase a home, or you want to explore refinancing and debt consolidation, let's review your options and build a strategy that makes sense for you.

Send me a message before you sign your next mortgage renewal. A quick review today could help you make a more informed decision about one of your biggest financial commitments.

📞 519-476-7355
🌐 dykstramortgages.ca

Read the full article for the latest inflation data and expert commentary.

https://www.mpamag.com/ca/mortgage-industry/industry-trends/september-cpi-keeps-bank-of-canada-hold-in-play/594068

Core inflation eases to 1.9% as energy prices drive the headline

10/19/2026

If closing before the holidays is the goal, the window is smaller than most people realize once you factor in lender processing times. Getting your documents in now protects your timeline later. Send me a message if a year-end close is on your radar.

10/16/2026

The strongest mortgage applications aren't built the week before you apply, they're built months in advance with a few intentional changes. If you're planning a purchase down the road, now's the time to start setting things up.

10/14/2026

A lot of homeowners are sitting on more options than they realize simply because nobody's walked them through what their equity could actually do. It costs nothing to find out what's available to you right now.

10/12/2026

Confidence in a home purchase doesn't come from hoping it'll work out, it comes from actually knowing your numbers ahead of time. Let's get yours sorted so you can move forward without the second-guessing.