Sky Sorenson-Mortgage Broker

12/10/2025

The Bank of Canada kept the policy rate target unchanged today.

If you have a variable rate, or are considering one and are wondering what might come in 2026, the Big Six banks have some forcasts. Some different ideas there, but nobody is anticipating massive changes.

12/10/2025

As widely expected, the Bank of Canada keeps their policy rate unchanged.

Automatically view the rate announcement the moment it is published.

10/29/2025

The Bank of Canada reduced their target rate, so mortgage rates are going down right?

Sadly, no. Bond yields are a principal driver of fixed mortgage rates, and the bond market had already priced in today's reduction and the possibility of future reductions.

In the Bank's press release, they indicated that they are likely done with this cycle of rate reduction which means that bond traders are walking back some of their decisions that would have included a future reduction and bond yields are up.

10/29/2025

Bank of Canada reduces the Policy rate, Oct 29 2025.

The Bank is reducing to bolster weak GDP, but playing chicken with sticky inflation.

Automatically view the rate announcement the moment it is published.

07/30/2025

The Bank of Canada held the policy rate, as expected, this morning.

Overall, trade and tariff uncertainty makes forecasting difficult for them, but inflation is still above the target and they say there are signs of excess supply, which means that we're not likely to see a rate reduction until firm data shows that inflation is down.

The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.

06/12/2025

https://www.mpamag.com/ca/mortgage-industry/market-updates/canadas-housing-market-isnt-just-toronto-and-many-regions-are-doing-fine/538546

An obsessive focus on the 'bonkers' Toronto crisis is skewing perceptions of Canada's housing market, brokers say

05/03/2025

Do you have an upcoming renewal, or plan on purchasing?

Rates are unpredictable. Let's get something locked in for you. We can get a 4 month rate hold. Give me a call.

03/07/2025

It's time to make sure that snow on your property is in a place where the meltwater won't cause problems.

02/14/2025

Folks I have an adult and three children's tickets for the Family Expo on Saturday Feb 15th.

I can't use them, are you interested?

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01/10/2025

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12/11/2024

The Bank of Canada reduced the Bank Rate again today. Prime rate should be coming down at all lender to 5.45%.

If you have an Adjustable Rate mortgage or HELOC, you'll see a corresponding change to your mortgage.

If you are thinking that you WANT an adjustable rate mortgage for your upcoming renewal, let's talk about doing it early, as the current discounts for them are likely to be shrunk by the lenders, and soon.

Note that fixed rate mortgages are somewhat disconnected from this rate; 5 year Bank of Canada bond yields are actually UP a bit this morning on the news. Don't expect much of a change to fixed rates based on this.

The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%.