Mighty Mortgage

03/26/2026

https://news.ontario.ca/en/release/1007212/ontario-expanding-hst-rebate-to-lower-the-cost-of-new-homes-in-partnership-with-the-federal-government

The Ontario government has announced a temporary removal of the HST on new homes valued up to $1 million, allowing those who are eligible for the rebate to receive a maximum of $130,000. The rebate will be maintained for new homes valued up to $1.5 million and will scale down to a maximum of $24,000 on homes valued at $1.85 million and higher.

The rebate program begins April 1, 2026 and ceases March 31, 2027; further, new home purchases from March 20, 2025 are eligible for the rebate.

Ontario Expanding HST Rebate to Lower the Cost of New Homes in Partnership with the Federal Government | Ontario Newsroom

03/26/2026

03/23/2026

As the 3 and 5 years bond yields rise, lenders have begun increasing rates on their fixed mortgage products by up to 30 basis points; meanwhile variable rate products remain stable. Since February, the five-year Government of Canada bond yield has climbed upwards of more than 50 basis points, and three-year benchmark bond yields have jumped nearly 80 basis points.

Markets are rapidly repricing inflation and rate expectations, driving bond yields higher and triggering a new round of fixed mortgage increases

03/18/2026

NEW: The Bank of Canada held its key rate at 2.25% today, as expected, opting for a more cautious, wait-and-see approach as inflation eases but risks—like higher oil prices and a softening economy—linger.

03/06/2026

https://www.mpamag.com/ca/mortgage-industry/industry-trends/bank-of-canada-signals-rates-could-rise-even-in-a-slowdown/567064?hsmemberId=1938001&tu=59031435-53f9-45da-9444-2a2ddfad17a5&utm_campaign=&utm_source=

"The remarks came as the Bank’s policy rate sat at 2.25%, with Governing Council stressing it needs to maintain optionality on its next move after January’s hold.

“Many people may find it surprising or counterintuitive that, at times, monetary policy needs to be tightened when the economy is weak. Yet that is exactly the difficult trade-off we sometimes face,” Kozicki said.

“Generally, when a supply shock is expected to have large or persistent impacts on inflation, some degree of policy restraint will be needed to bring inflation back to target,” she said."

Deputy governor warns supply shocks may force hikes despite economic slack

03/06/2026

A cooling housing market has been good news for those looking to buy their first home, but for homeowners looking to move up the property ladder, the slowdown is more of a mixed blessing.

01/29/2026

BREAKING: OSFI says loan-to-income (LTI) limits will remain in place after its pilot, citing their role in curbing highly leveraged borrowing. Notably, today’s release made no mention of changes to the mortgage stress test, leaving the status quo intact for now.

Full release: https://www.osfi-bsif.gc.ca/en/news/osfis-quarterly-release-continuing-advance-smart-well-calibrated-risk-taking

01/28/2026

Automatically view the rate announcement the moment it is published.

01/27/2026

https://www.canadianmortgagetrends.com/2026/01/bank-of-canada-set-to-pause-again-as-economists-look-beyond-this-weeks-rate-decision/?_cldee=OA1ZpFgH4eRD6cfJTdfvBVfZdno1z4G07u8FKtJGPJSGW5xrnSTjZOKP0wZgGul2&recipientid=contact-e415c52bd88aec11b84700155d230a07-ab98168b1779434d885f2c1144b9c4f8&esid=d47e14dd-81fb-f011-8406-6045bd6064db

With rates widely expected to remain unchanged, attention shifts to updated forecasts, inflation signals and how trade uncertainty is shaping the Bank’s outlook.

12/01/2025

Stronger-than-expected GDP data supports a December rate hold from the Bank of Canada, but economists warn underlying weakness remains.

11/20/2025

https://www.mississauga.ca/city-of-mississauga-news/news/city-of-mississauga-and-habitat-for-humanity-halton-mississauga-dufferin-announce-innovative-affordable-home-ownership-partnership/

“This “first of its kind” partnership for Mississauga will connect non-profit providers like Habitat HMD with community-minded developers who may have unsold market units close to completion. Through this innovative model, more affordable home ownership opportunities can be delivered quickly – without requiring new land or lengthy construction timelines.”..
“Families benefit from an affordable mortgage tailored to their income, with a secondary mortgage provided by Habitat HMD covering the difference between the discounted purchase price and fair market value, including a buy-back provision to ensure the units stay affordable in perpetuity.

This approach ensures that no family initially allocates more than 30 per cent of their income toward housing costs – enabling them to save, invest in education and plan for the future with greater peace of mind.

Habitat’s model has a proven track record across Canada. After moving into their Habitat homes, families see household incomes rise 28 per cent higher than comparable renters, while health, education, and employment outcomes improve significantly. The result is an estimated $35 million in annual economic uplift compared to renting.

Habitat HMD bridges the gap for families who aspire to home ownership but are hindered by unaffordable market prices. The organization prioritizes families who are willing to contribute 500 volunteer hours in the community, and are currently living in unsafe, unhealthy, or inadequate housing.”

Home ownership remains a strong aspiration for Canadians and a vital contributor to our economy.