Mortgage Brokers City

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Mortgage Brokers City was first established in 2005 by Michael Hapke and Frank Napolitano. With more than 20 years each of extensive banking experience, the two set out to become one of Canada’s leading brokerage firms. In January of 2008 the dynamic pair joined forces with an equally successful brokerage team under the direction of York Polk and Jeff Cody – both with impressive financial backgrou

nds and solid business acumen. Together, with their professional management style and proven track record, they have formed one of the largest, most successful Mortgage Brokerage houses in the industry. Today, Mortgage Brokers City is recognized as a dominant force in the mortgage brokerage market across Canada.

The Bank of Canada held its policy rate steady again today, which means variable mortgage rates are expected to remain u...
06/10/2026

The Bank of Canada held its policy rate steady again today, which means variable mortgage rates are expected to remain unchanged for now.

So what does that actually mean if you have a variable or adjustable rate mortgage?

For most clients, this is not a reason to panic — but it is a good reminder to review your strategy.

The Bank is balancing two very different pressures right now:

The economy is showing signs of weakness, which makes rate hikes harder to justify.

But inflation risks are still around, especially with global energy prices and geopolitical uncertainty.

For variable-rate clients, staying the course may still make sense — especially if your current rate is lower than the fixed-rate option available to you today.

Locking in can provide peace of mind, but it does not always mean savings. In many cases, it means paying a premium for certainty.

The right move depends on your mortgage, your budget, and your comfort level with risk.

Not sure whether you should stay variable or lock in? Reach out and we can run the numbers together.

For full details, check out our latest article: https://mortgagebrokers.ca/news-and-events/news/

🏦 Bank of Canada holds its rate at 2.25% — here's what that means for YOUR mortgage.No cut. No hike. Just a "wait and se...
04/29/2026

🏦 Bank of Canada holds its rate at 2.25% — here's what that means for YOUR mortgage.

No cut. No hike. Just a "wait and see" from the Bank as rising gas prices push inflation to 2.4% — with more on the way.

For homeowners and buyers, that means:
✅ Variable-rate payments stay the same (for now)
✅ Fixed rates unaffected — but bond yields are creeping up
⚠️ Affordability still a challenge for buyers

The Bank is watching energy prices and US tariffs closely. Cuts could still come later in 2026 — but only if inflation settles down.

Not sure how today's news affects your renewal or purchase plans? That's exactly what we're here for. 👇

For full details, check out our latest article: https://mortgagebrokersottawa.com/news-and-events/news/

🏦 Bank of Canada Holds at 2.25% — Stability, But With New Risks EmergingThe Bank of Canada announced today that it is ho...
03/18/2026

🏦 Bank of Canada Holds at 2.25% — Stability, But With New Risks Emerging

The Bank of Canada announced today that it is holding its overnight rate at 2.25%, marking another pause as policymakers navigate a narrowing path between slowing domestic growth and rising global inflation risks.

On the surface, the headline feels familiar: no change.

But beneath it, the backdrop has shifted meaningfully.

✅ Inflation in Canada has cooled to 1.8%, with core measures now sitting close to the Bank’s 2% target.

⚠️ Global energy prices have surged, driven by escalating conflict in the Middle East, raising the risk of renewed inflation pressure later this year.

📉 Canada’s economy contracted in Q4, and the labour market has softened, with unemployment rising to 6.7%.

🌍 Financial conditions have tightened globally, even as the Bank keeps policy steady at home.

This is why today’s decision matters.

The Bank is no longer just waiting for inflation to fall—it has largely done that. Now, policymakers are weighing how long stability can last if higher oil prices persist and economic momentum continues to fade.

For Canadians, especially homeowners and buyers, this rate hold brings short‑term relief but long‑term uncertainty:
• Variable‑rate borrowers see no immediate payment changes
• Fixed rates remain sensitive to bond market volatility
• Housing confidence may stabilize—but a rapid rebound looks unlikely

The message from the Bank is clear: policy is on hold, not on autopilot. If inflation resurfaces due to energy costs, rate hikes are back on the table. If growth weakens further, easing could return. For now, the Bank is watching—and waiting.

For full details, check out our latest article: https://mortgagebrokers.ca/news-and-events/news/bank-of-canada-holds-policy-rate3/

Bank of Canada holds rates steady.Today, the BoC kept the overnight rate at 2.25%, with the Bank Rate at 2.5% and deposi...
01/28/2026

Bank of Canada holds rates steady.

Today, the BoC kept the overnight rate at 2.25%, with the Bank Rate at 2.5% and deposit rate at 2.20%—a signal of stability as the economy navigates global uncertainty.

Key takeaways:

🇺🇸 US growth remains strong, driven by AI investment and consumer spending, but US tariffs are still disrupting Canadian exports.

📉 Canadian growth stalled in Q4, though employment has picked up and domestic demand is improving.

📊 Inflation is trending near the 2% target, with core inflation easing—good news for long‑term rate stability.

🌍 Risks remain: US trade policies, geopolitical tensions, and the upcoming CUSMA review all create uncertainty.

🏡 What this means for homeowners & homebuyers:
With the policy rate unchanged and inflation near target, mortgage rates should remain stable in the short term. Excess supply in the economy and slowing population growth reduce pressure for future rate hikes. This environment could support more predictable borrowing costs for both fixed and variable-rate mortgages.

The Bank remains ready to respond if economic conditions shift—but for now, today’s hold helps reinforce confidence and stability.

For full details, check out our latest article: https://mortgagebrokers.ca/news-and-events/news/

Wishing you a fantastic New Year from all of us at Mortgage Brokers City! May this year bring you new opportunities and...
01/01/2026

Wishing you a fantastic New Year from all of us at Mortgage Brokers City!

May this year bring you new opportunities and exciting adventures. Cheers to fresh beginnings and successful ventures ahead! 🎉

Let’s make it a great one together!

Warm greetings this holiday season from all of us at Mortgage Brokers City! May your days be filled with joy and laught...
12/23/2025

Warm greetings this holiday season from all of us at Mortgage Brokers City!

May your days be filled with joy and laughter, as you create wonderful memories with loved ones.

Here's to a prosperous new year ahead! 🎉

📢 Bank of Canada Holds Rate at 2.25%!Good news for homeowners and buyers: The overnight rate stays steady, meaning no ch...
12/10/2025

📢 Bank of Canada Holds Rate at 2.25%!

Good news for homeowners and buyers: The overnight rate stays steady, meaning no changes for variable-rate mortgages and continued stability for fixed-rate holders.

✅ Fixed = Predictable payments
✅ Variable = No hike (for now!)

Thinking about buying or renewing? Now’s the time to review your options!

👉 Contact Mortgage Brokers City for expert advice.

For full details, check out our latest article: https://mortgagebrokers.ca/news-and-events/news/

Many Canadians are waiting for lower rates before buying a home — but that decision could cost more than you think.Here’...
11/26/2025

Many Canadians are waiting for lower rates before buying a home — but that decision could cost more than you think.

Here’s why:

Even a 2% rise in home prices can offset the savings from a 0.25% rate drop.

When rates fall, buyer competition returns fast, driving prices higher.

Renting while you wait means lost equity every month.

Example: If you’re paying $2,500 in rent each month, that’s $30,000 per year — money that could have been building equity in your own home.

Right now, Ottawa’s market is balanced — more listings, fewer bidding wars, and stable prices. Waiting could mean missing this sweet spot.

📖 Read our full article for strategies to get into the market sooner and make today’s rates work for you.

https://mortgagebrokers.ca/news-and-events/news/

Here’s something most headlines miss: even though the Bank of Canada rate is steady at 2.50%, lenders are quietly raisin...
11/19/2025

Here’s something most headlines miss: even though the Bank of Canada rate is steady at 2.50%, lenders are quietly raising fixed mortgage rates.

The reason? Rising funding costs.
Lenders are paying more to borrow money themselves — due to higher bond yields, global credit spreads, and investor demands.

For landlords and investors, that means:

Renewals could be 0.25–0.50% higher than expected.

Cash flow might tighten as rental yields flatten.

Refinancing still makes sense in some cases, especially to consolidate higher-interest debt.

🧠 Smart strategies:

Keep leverage below 70% for stronger renewal terms.

Explore alternative lenders or MICs for flexible short-term options.

Plan renewals strategically — 1-year terms can bridge to future rate cuts.

📖 Read the full blog for a deep dive on what’s driving funding costs — and how to protect your portfolio in 2025.

https://mortgagebrokers.ca/news-and-events/news/

Another small cut this winter is possible—but not guaranteed. Either way, we’re in a planning window: small policy moves...
11/12/2025

Another small cut this winter is possible—but not guaranteed. Either way, we’re in a planning window: small policy moves can be offset by bond/funding swings that drive fixed mortgage pricing.

What this means:

- Renewals (winter): Early-renew and lock a safety net; don’t wait for a “perfect” headline.

- Buyers: A 25 bps cut saves ≈$65–$75 per $500k—often less than a 1–2% spring price bump.

- Variable holders: You’ve already felt the cut; consider a short fixed if you want 2026 budget certainty.

Read the full article for what economists are watching next and how to position your mortgage before spring demand returns.

https://mortgagebrokers.ca/news-and-events/news/

Address

788 Island Park Drive
Ottawa, ON
K1Y0C2

Telephone

+16137981973

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