Mahmud Mortgage Services

03/15/2026

Alhamdulillah for a beautiful Iftar evening! 🌙

Mahmud Mortgage Services would like to thank everyone who attended my Iftar gathering and made the evening memorable.

Your presence and support mean a lot to me.

Ramadan Mubarak!
-Mahmud Mortgage Services

02/28/2026

Successfully completed Mortgage Agent level-2!!

Send a message to learn more

10/29/2025

The Bank of Canada lowered its overnight rate by 0.25% to 2.25%, bringing the Bank Rate to 2.50% and the Deposit Rate to 2.20%. The prime mortgage rate now stands at 4.45%.

Reason for the cut:

The economy shrank 1.6% in Q2 due to weak exports and business investment.

Global trade tensions and U.S. tariffs have hurt key industries such as autos, steel, aluminum, and lumber.

Inflation is near the 2% target, allowing room for monetary easing.

The labour market is soft, with slow wage growth and 7.1% unemployment.

Send a message to learn more

09/17/2025

The Bank of Canada reduced its policy interest rate for the first time since March, by 0.25 percentage points to 2.50% on September 17, 2025. The decision was made as trade and tariff concerns continue to hinder growth, Canada's economy slows, the employment market deteriorates, and inflation moderates to about 1.9%. Making borrowing more affordable for consumers and businesses, the cut is intended to balance risks and promote demand, while the Bank indicated it will move slowly. There will be another rate decision on October 29, 2025.

Send a message to learn more

08/23/2025

Thank you for inviting me to your BBQ Party. It was such a pleasure to be there and enjoy the great food and company. I truly appreciate your hospitality!

07/30/2025

On July 30, 2025, the Bank of Canada held its key interest rate at 2.75% for the third straight time. The decision reflects persistent inflation near 3% and economic uncertainty, especially around U.S. trade policy.

While the Bank maintained a cautious stance, it signaled that rate cuts may come later in 2025 if inflation eases and economic conditions weaken. Most economists expect cuts starting in September.

04/22/2025

✨ As a Licensed Mortgage Professional, I am passionate about helping my clients to achieve their financial goals. Please contact me for more tips on home refinance, new purchases, HELOC, second/third mortgages, debt consolidation and commercial mortgages ✨

04/22/2025

✨ As a Licensed Mortgage Professional, I am passionate about helping my clients to achieve their financial goals. Please contact me for more tips on home refinance, new purchases, HELOC, second/third mortgages, debt consolidation and commercial mortgages ✨

04/16/2025

Today, the Bank of Canada declared that it would maintain its benchmark interest rate at 2.75%. The key details are as follows:

- Overnight rate remains at 2.75%
- Bank Rate is at 3.00%
- Deposit rate stays at 2.70%

The decision comes amid weakening inflation and concerns about global economic uncertainty due to ongoing tariff disputes. This marks a pause after seven consecutive rate cuts previously.

Send a message to learn more

04/11/2025

The next rate announcement is scheduled for April 16, 2025. TD Economics predicts the BoC will bring its lending rate down to around 2% by the end of 2025. The policy rate has seen multiple cuts since June 2024, reaching a 'neutral rate' of 2.75% (down from a 5.0% high).