Bradyn Anderson - TMG The Mortgage Group

03/25/2026

🏡 As the spring market begins to pick up, have you considered buying a home?

✅ The best place to start is with a mortgage pre-approval. Click the link to my website below and fill out a quick, non-obligatory application to evaluate your price range. My services are free to you, and I will walk you through your options to familiarize you with the entire process before you go shopping!

📱 3067165902
📧 [email protected]

We bring to you a one-stop convenience and impartial advice when you shop for your mortgage. We offer a computerized service that can present your mortgage requirements to many lenders. We can find the mortgage that best suits your financial needs.

01/06/2026

The Bank of Canada announces interest rate decisions eight times each year. In 2026, those dates are scheduled for January 28, March 18, April 29, June 10, July 15, September 2, October 28, and December 9. These announcements can influence variable rates, borrowing costs, and overall market sentiment. Staying informed helps you make confident, well timed financial decisions. If you want to understand how rate changes may affect your mortgage or plans, a quick conversation can go a long way.

10/29/2025

📉 Rate Cut Alert: Bank of Canada Lowers Its Policy Rate 🇨🇦

The Bank of Canada announced a 0.25% rate cut today, bringing another small shift toward easing borrowing costs.

The move comes in response to slower growth, softer job numbers, and inflation holding close to target. The Bank’s aiming to give the economy a bit more breathing room while keeping prices steady.

Key points:
🔹 The economy shrank 1.6% last quarter, mostly from weaker exports and business spending.
🔹 Inflation’s sitting around 2.4% and expected to stay near 2%.
🔹 Unemployment’s up to 7.1%.
🔹 Global uncertainty, especially around U.S. trade policy, is still a drag.

💡 What this means for you:
If you’re in a variable-rate mortgage or line of credit, you’ll likely see a small drop in your rate, as most lenders’ prime rate has now fallen to 4.45%. Fixed rates, on the other hand, aren’t affected by today’s move.

Every situation’s different, so if you want to know how this shift impacts your plan, reach out and we’ll walk through it together.

09/17/2025

The Bank of Canada has dropped their key interest rate, bringing Prime down to 4.70%.

This change directly impacts variable-rate mortgages and HELOCs. Fixed rates, however, usually follow the 5-year Canada bond, which can be influenced by BoC decisions but not controlled by them.

07/30/2025

The Bank of Canada has kept its key interest rate unchanged for the third time in a row. While this isn’t a surprise, it does mean mortgage rates – both fixed and variable – remain steady for now.

Inflation is cooling, but not quickly enough to trigger a rate cut just yet. On top of that, global trade concerns, especially the risk of new U.S. tariffs, are keeping the Bank cautious. Many analysts still believe we could see the first rate cut this fall if economic conditions continue to soften.

The next rate announcement is set for September 17, 2025.

Wondering how this might impact your current or future mortgage? Reach out anytime – happy to walk you through it.

05/01/2025

April stats are in: Saskatoon hit a record-high benchmark price, inventory is down 60% from the 10-year average, and nearly a third of active listings are already conditionally sold - making this the most competitive April market since 2007. Crazy times!

https://jbuc61.wordpress.com/2025/05/01/post-347-april-2025-in-review/?fbclid=IwZXh0bgNhZW0CMTEAAR63iG-pVtelJwAjktTKnEh2eXwKkJM09GORMWYBtOC2IDLGMH4GGwcknTkJ6Q_aem_p7IltNmK6tHmirZZ4zoQgw

JOSH BUCHANAN May 1, 2025 Here are some highlights for April 2025:-The Saskatoon HPI composite benchmark price just hit an all-time high-Standing inventory is down 60% compared to the 10-year avera…

03/12/2025

The Bank of Canada just cut its key lending rate by 0.25%, bringing Prime down to 4.95%. Here’s what that means:

• If you have a variable rate mortgage, your payments will decrease.
• If you have a HELOC, you’ll see lower interest costs.
• If you have a fixed rate mortgage, nothing changes—fixed rates follow bond yields, not Prime.

More cuts are expected in 2025, making a variable rate mortgage a strong option moving forward.

01/09/2025

Is Your Mortgage Up for Renewal in 2025?

Recent CMHC data shows that 85% of the 1.2 million mortgages reaching their maturity date were secured when the Bank of Canada (BoC) rate was at or below 1%. Today, that rate stands at 3.75%.

As your renewal approaches, it’s important to review your entire financial situation. The average monthly mortgage payment increase across Canada is projected to be $513 in 2025.

Before making any decisions, consider your existing financial obligations. If you're managing significant debt, refinancing to include those in your mortgage at a lower interest rate and lengthening the amortization could be a more beneficial option to drop your monthly payments.

Consolidating high-interest credit cards, loans, and lines of credit into one payment can lead to major savings.

Take control of your financial future—explore your options today and contact us for guidance.

01/07/2025

2024 Mortgage Market Recap & 2025 Outlook

2024 Recap: After a tough 2023, 2024 was a year of recovery. The Bank of Canada reduced rates five times, bringing the prime rate from 7.20% to 5.45%. Inflation dropped to 2%, easing financial strain. The government introduced measures to improve housing affordability, including mortgage changes and incentives for secondary suites. With lower borrowing costs, the housing market showed a modest rebound, with national home prices expected to rise by 0.9%.

2025 Outlook: The Bank of Canada is expected to reduce rates further, with forecasts predicting up to 125 basis points in cuts. The housing market should remain active, with national home sales forecasted to increase 6.6% and average home prices to rise by 4.4%. Potential regulatory changes could also impact market conditions.

I’m here to guide you through 2025, whether you're buying, renewing, or refinancing. Let’s create a plan that works for you.

12/16/2024

Big news for homebuyers and homeowners – two major changes are now in effect that could benefit you:

🏠 Expanded 30-Year Amortization: For insured mortgages, the maximum amortization period is now extended to 30 years for first-time homebuyers and those purchasing newly built homes. This means lower monthly payments, making homeownership more affordable and accessible.

💰 Increased Insured Mortgage Cap: The cap on insured mortgages has increased from $1M to $1.5M, allowing you to qualify for a larger loan without having to put 20% down. This is fantastic news for those buying in higher-priced markets.

These changes offer more flexibility and opportunities, particularly for first-time buyers. If you're planning to purchase, now is the perfect time to take advantage of these new rules.

Contact me today to see how these changes can benefit you and explore your options!