Patrick Duggan, Team Duggan Mortgage

09/01/2026

There are many factors to consider when getting a mortgage.

Contact me to discuss what might be the best option for you today!

08/27/2026

Thinking about buying your first home? An FHSA could be a great way to start saving for your down payment while taking advantage of valuable tax benefits.

Reach out to learn more about whether an FHSA could help you get closer to homeownership!

07/30/2026

Did you know your home could play an important role in your retirement plan?

If you're 55 or older and have built up significant equity in your home, you may be able to access some of that wealth to help supplement your retirement income—without having to sell your home or move. Depending on your situation, there are financing options that can help provide greater financial flexibility, whether it's covering everyday expenses, funding home renovations, helping family members, or simply enjoying retirement with greater peace of mind.

Every homeowner's situation is different, so it's important to understand your options and choose the solution that's right for you. If you're curious about how your home equity could work for you in retirement, let's connect. I'd be happy to answer your questions and help you explore your options with no obligation.

Send me a message Patrick Duggan

Or send me an email
[email protected]

07/16/2026

What Yesterday's Bank of Canada Announcement Means for Variable-Rate Mortgage Clients

The Bank of Canada announced today that it is holding its Overnight Lending Rate at 2.25%, meaning there is no immediate change to the bank Prime Rate of 4.45% for variable-rate mortgage holders.

Yesterday's decision reflects the Bank's cautious approach to the economy. While Canada's economy has shown some signs of strengthening in recent months, inflation remains above the Bank's 2% target and ongoing uncertainty surrounding global trade and economic conditions continues to influence its outlook. By holding rates steady, the Bank is giving itself more time to evaluate incoming economic data before deciding whether further rate changes will be needed.

For variable-rate mortgage clients, the announcement provides continued stability and the opportunity to plan with greater confidence. If you are wondering whether it makes sense to remain in a variable rate mortgage or switch to a fixed rate, it's a good time to review your mortgage strategy. Every homeowner's situation is different, and ensuring your mortgage continues to align with your financial goals is always the best approach. I am always happy to jump on a call with you to go over your financial picture and make sure you are in the best possible mortgage.

07/07/2026

One of the biggest questions I'm being asked right now is: "where are mortgage rates headed?" While no one can predict interest rates with complete certainty, inflation and employment remain the two key indicators that the Bank of Canada is watching closely. Inflation has continued to move closer to the bank's 2% target, while Canada's job market has shown signs of slowing, with unemployment gradually increasing. These are signs that the economy is cooling, which reduces the need for higher interest rates.

What does this mean for borrowers?

If inflation continues to ease and the labor market softens further, there is a good chance the Bank of Canada will maintain or gradually lower its policy rate over time. That would directly impact lenders prime rates, making variable rate mortgages and lines of credit more affordable. Fixed mortgage rates are a little different, they're influenced primarily by government of canada bond yields and investor expectations, but they've also become more stable as inflation has moderated.

While there will always be some uncertainty, the current outlook is much more favourable than it was over the past few years.

Whether you're buying a home, renewing your mortgage, or considering a refinance, keeping an eye on these economic trends can help you make more confident financial decisions.

As always I am happy to discuss your mortgage with you at any time, and if you know of anyone looking for expert mortgage advice please feel free to send them my contact information!

06/26/2026

Welcome Matthew!

06/25/2026

Have you or has anyone you know bought a new construction condo in the last few years?

Many buyers are being surprised by lower appraisals and larger + unexpected closing costs.

Don't panic! These might seem like challenging obstacles, but there may be options available.

Send me a message and let's explore potential solutions together.

06/17/2026

Team Duggan Mortgage Inc. Is a proud member of the DLCG group of companies.

06/09/2026

06/04/2026

Updated mortgage news

Call me if you have any questions