Bill Fisher London St Thomas Mortgage Broker

06/03/2026

The latest annual survey of mortgage consumers by the Canada Mortgage and Housing Corporation shows a marked improvement in confidence. Respondents who said they have concerns about making their mortgage payments dropped to 39%, down from 53% in the 2025 survey.
Despite the challenges, 81% of mortgage consumers believe their home is a good long-term financial investment. That optimism comes with an interesting caveat, though. The number who think their home will increase in value over the next 12 months has dropped to 68%, down from 74% in the previous survey.

04/29/2026

The Bank of Canada has left interest rates unchanged in its third decision of the year.
Governor Tiff Macklem has played his cards close to the chest in recent press conferences, staying guarded on the central bank’s outlook and whether it sees rate changes on the way anytime soon.
But for now, it seems much will depend on the conflict in Iran – and whether US and Iranian negotiators can strike a lasting truce to soothe financial markets and ease global economic fears.
The Bank of Canada’s next announcement is scheduled to arrive on June 10

04/20/2026

Canada’s inflation pulse quickened in March, complicating the Bank of Canada’s path on interest rates just as mortgage borrowers have started to breathe a little easier.
The consumer price index (CPI) rose 2.4% year over year, up from 1.8% in February. On a monthly basis, prices jumped 0.9%, the sharpest one‑month rise in 14 months, according to Statistics Canada .High energy costs linked to the Iran war pushed prices higher across the board.
The good news is that the Bank of Canada governor Tiff Macklem, speaking before the March data, tried to play down fears that a short‑term flare‑up in prices would force the central bank’s hand.
“It’s certainly going to go up. We are not surprised, and we are not even that worried if we see near-term inflation expectations go up,” he said.

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04/16/2026

Canadian households kept tapping their cards in March even as gasoline prices spiked, a trend that economists said underscored the resilience and limits of consumer demand as many borrowers headed into heavier mortgage-payment years.
For now, softer inflation data has markets betting the Bank of Canada would move cautiously, even after shelter inflation eased and mortgage‑interest‑cost growth slowed from its peak.

04/10/2026

Canada’s economy posted its first monthly jobs gain of 2026 in March, although employment growth was modest and the unemployment rate remained unchanged at 6.7%.
TD director and senior economist Andrew Hencic suggested that the outlook remained “fraught” for the Canadian economy despite the slight jobs gain, mainly because of uncertainty over the duration of the US-Israel-Iran conflict.
A new report by Royal Bank of Canada (RBC) said the Canadian economy had proven more resilient to that tariff wave than first feared, although it had still sustained significant damage below the surface.

04/06/2026

If you, like me, drive a gas-powered vehicle and filled up your tank recently, you likely weren’t happy with the outcome
What else is up in price since the start of the Iran War? A lot of things.
The scary part is, many of these rising prices are input costs to future products. Urea is fertilizer, diesel, iron ore and if you’re planning on travelling by air, jet fuel is up astronomically.
Why Does All This Matter?
Bank of Canada Monetary policy: The Bank’s monetary policy framework aims to keep inflation low, stable and predictable. That’s 2% or between 1% and 3%.
The market is predicting that the US Inflation number hits 3.30%. If true, that’ll be the highest reading since May 2024.
US Inflation typically influences Canada’s bond yields even though Canada’s inflation release doesn’t come out until 2 weeks from today on April 20th.
Stay tuned!!!!!
*courtesy of Bruno Valko RMG Mortgages

04/01/2026

Ontario’s provincial government has rolled out a slew of new measures to tackle the housing crisis over the past week, expanding a HST rebate to all purchases of new homes and slashing development charges in conjunction with the federal government. The Canadian Home Builders’ Association (CHBA) has welcomed steps by the federal and provincial governments to address the housing supply and affordability.
But the association says more work is needed to move the needle on housing, “including changes to the mortgage stress test for both insured and uninsured borrowers that would enable more well-qualified buyers to purchase a home.

03/27/2026

Ontario’s mortgage and housing sectors are giving a cautious thumbs-up to the provincial government’s decision to temporarily expand the harmonized sales tax (HST) rebate to all purchases of newbuild homes.

That measure, which will widen the 13% tax rebate after April 1 to all new home purchases up to $1 million. Homes valued up to $1.5 million can qualify for that maximum removal, a government release said, with proportional decreases above that limit up to $1.85 million.

03/18/2026

The Bank of Canada has kept its key policy rate unchanged at 2.25%, as expected by markets.
A sluggish economy and falling inflation would normally strengthen the case for rate cuts, but observers expected the Bank to hold steady this month because of the risk of an inflationary flareup amid volatile oil prices caused by the Middle East conflict.

03/16/2026

Canada’s inflation downshift in February landed at exactly the moment policymakers least wanted a surprise.

Annual CPI eased to 1.8%, undercutting economist expectations of 1.9% and moving below the Bank of Canada’s 2% target just as the Iran war pushed global oil prices sharply higher.

The data, shaped by base‑year effects from last year’s GST/HST holiday, effectively bought the Bank time at its next decision, even as the Middle East conflict threatened to drive energy costs – and headline inflation – back up in the months ahead.

TD Economics struck a similar tone.“We expect higher energy costs will lift headline inflation close to 3% in the months ahead, but the effect on the Bank of Canada's core measures should be more modest... The Bank of Canada's interest rate decision is coming up on Wednesday, and the Bank is universally expected to remain on pause.”