Active Lending - Mortgages

09/02/2026

🏦 Bank of Canada Holds Interest Rate at 2.25%

The Bank of Canada has announced today that it is holding its policy interest rate at 2.25%, keeping rates unchanged.

For homeowners, buyers and investors, this means no immediate change to borrowing costs tied to the Bank of Canada rate, including most variable-rate mortgages and lines of credit.

With economic growth, inflation and the labour market continuing to influence the Bank’s decisions, the focus now shifts to what the coming months could mean for interest rates.

📊 We’ll continue to monitor the market and keep you updated on what these changes mean for Canadian mortgage borrowers.

08/28/2026

🏢 Running Your Own Business? Your Mortgage Options May Be Different

Business owners and self-employed individuals often have income that doesn’t fit neatly into traditional employment documentation. That doesn’t necessarily mean mortgage financing is out of reach.

Depending on your situation, mortgage options may be available for:

• Purchasing a home
• Refinancing an existing property
• Accessing home equity
• Second mortgage financing
• Builder purchases

When reviewing a self-employed mortgage application, lenders may consider factors such as business history, reported income, credit profile, available equity and supporting financial documents.

Understanding how lenders assess self-employed income before applying can help you prepare the right documentation and identify suitable financing options.

Every situation is different, and lender requirements vary.

08/24/2026

🏡 Ready to Buy Your First Home?

Buying your first home is exciting, but understanding the mortgage process before you start looking can make a big difference.

A good first step is to understand:

• How much you may qualify for
• Your down payment requirements
• The difference between mortgage options
• How your income, debts and credit affect qualification
• The additional costs involved in purchasing a home

Getting prepared early can help you set a realistic budget and make more confident decisions when the right property comes along.

Every buyer's financial situation is different, so understanding your options before making an offer can make the home-buying process much smoother.

08/21/2026

Bank of Canada researchers found that lower rates lift home sales quickly and housing starts only after a delay, resulting in persistent price increases—particularly when unemployment is low.

08/07/2026

📊 Self-Employed? Homeownership May Be More Achievable Than You Think

Getting a mortgage when you're self-employed can be different from applying as a salaried employee, but there are financing options available for many types of businesses and professions.

Whether you're considering:
• Refinancing your current mortgage
• Purchasing a home
• Applying for a second mortgage
• Buying a builder property

Understanding income documentation, lender requirements, and available mortgage programs can make the process much smoother.

Every situation is unique, and the right mortgage solution depends on your financial profile, business structure, and long-term goals. Taking the time to understand your options can help you make confident and informed decisions.

07/31/2026

💡 Mortgage Rate Is Important—But It's Not the Only Thing That Matters

A low interest rate can be appealing, but choosing a mortgage involves much more than comparing rates. Understanding the full mortgage terms can help you make a more informed financial decision.

Here are a few factors worth reviewing:

• Whether a fixed or variable rate better suits your goals
• Prepayment privileges and potential penalties
• Closing costs and lender fees
• Mortgage features, flexibility, and renewal options

Taking the time to understand the complete picture today may help you avoid unexpected costs and provide greater flexibility in the future. Every mortgage is different, and the best option depends on your individual financial needs and long-term plans.

07/24/2026

⏱️ Need a Quick Mortgage Closing?

When you're working with a tight closing timeline, preparation and efficient coordination can make a significant difference. Every mortgage application is unique, and the time required depends on factors such as documentation, lender requirements, and property details.

To help keep the process moving, it's important to:

✔ Have your income and identification documents ready
✔ Respond promptly to requests for additional information
✔ Work with experienced professionals who coordinate efficiently with lenders, lawyers, and other parties
✔ Understand your financing options early in the process

Whether you're purchasing, refinancing, or renewing your mortgage, planning ahead can help reduce unnecessary delays and create a smoother closing experience.

07/21/2026

🏡 Is Mortgage Refinancing Right for You?

Refinancing your mortgage may be worth exploring if your financial goals or circumstances have changed. Depending on your situation, it could provide greater flexibility and help you better manage your finances.

Homeowners often consider refinancing to:

✔ Consolidate higher-interest debt into one payment
✔ Access available home equity for renovations or other financial goals
✔ Review opportunities to lower borrowing costs
✔ Adjust monthly mortgage payments to better fit their budget

Every mortgage and financial situation is different. Understanding your refinancing options can help you make informed decisions that support your long-term financial goals.

A review of your mortgage from time to time may reveal opportunities you hadn't previously considered.

07/20/2026

🇨🇦 Good news for Canadian borrowers!
Canada's annual inflation eased to 2.8% in June, while key core inflation measures also moved lower, suggesting underlying price pressures are cooling.
This supports the view that inflation is moving in the right direction, although the Bank of Canada will continue to monitor economic data closely.
For homeowners and buyers, stable inflation is a positive sign for the mortgage market in the months ahead.
If you're planning to buy, refinance, or renew your mortgage, staying informed can help you make better financial decisions.

Canada’s inflation rate slowed by more than expected last month as gasoline prices eased and a key measure of core inflation dropped below 2% for the first time in nearly six years.

07/16/2026

🏡 Fast & Flexible Mortgage Solutions

Not every mortgage application fits the same lending criteria. Depending on your financial situation, there may be a range of mortgage options available to explore.

Some homeowners and buyers may be looking for solutions if they:
✔ Have been declined by a traditional lender
✔ Are self-employed or have non-traditional income
✔ Are purchasing or refinancing an investment property
✔ Have a limited or developing credit history

Every application is unique, and mortgage options vary based on individual circumstances, lender requirements, and qualification criteria.

Understanding your available options is an important step toward making informed financial decisions.