Mortgages By Sumanta

10/31/2026

Happy Halloween!!

10/28/2026

📊 Rate Update: The Bank of Canada increased its overnight rate from 2.25% to 2.50%. With inflation picking up and continued uncertainty around the economy, the Bank is taking steps to keep prices in check. This means higher borrowing costs for those with variable-rate mortgages.

🇨🇦 Canadian Economy: Growth has been stronger than expected, with GDP rising 3.3% in the second quarter. However, unemployment remains around 6.5%, and US tariffs continue to create uncertainty.

📈 Inflation: Inflation has been hovering around 3%, largely due to higher energy prices. The Bank expects it to climb to approximately 3.5% by the end of the year.

🌎 Global Economy: Ongoing conflict in the Middle East, elevated oil prices and trade uncertainty continue to put pressure on prices, despite stronger-than-expected global economic growth.

🏦 Looking Ahead: The Bank has indicated that further rate increases may be needed but plans to proceed cautiously as it monitors inflation and economic conditions.

📅 Next Announcement: December 9, 2026.

For any mortgage related inquiries, contact Best Mortgage Loans Inc. today! 📲📧
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09/20/2026

09/20/2026

08/15/2026

Are you shopping tomorrow?? Might as well drop by 103 Glenashton Drive, Stoney Creek and have a chat with realtor Cheryl Martinez

08/09/2026

08/09/2026

07/27/2026

Weekend shenanigans 🌅

07/23/2026

Keep moving forward!!