Kevin Byworth - Mortgage & Insurance Services

Kevin Byworth - Mortgage & Insurance Services Mortgage Agent & Insurance Advisor at Premiere Mortgage Centre #10317
Agent Lv. 2

☕ The Bank of Canada held the overnight rate at 2.25% today, which means the Mortgage Prime Rate stays at 4.45%. I kno...
06/10/2026

☕ The Bank of Canada held the overnight rate at 2.25% today, which means the Mortgage Prime Rate stays at 4.45%. I know, I know. You were hoping for something more exciting. You weren't alone.

Here's the sensible read: a hold isn't inaction, it's a signal. The Bank looked at the data, looked at where inflation is sitting, and decided 2.25% is still the right number. That's actually a fairly calm environment to be making mortgage decisions in.

For buyers watching affordability, fixed rates have been moving on their own schedule anyway. The bond market does what it likes, but variable-rate holders are exactly where they were this morning, which, depending on your product, is quite a decent place to be.

If you're renewing in the next six to twelve months, this is the window to start the conversation. Not because rates might spike, but because knowing your options in advance is always better than scrambling when the letter arrives.

Give me a ring at 416-319-2457 or visit kevinbyworth.ca. Happy to walk you through it properly. 📞

— Kevin

So rates are moving. Now what? 🤔A few things worth knowing right now:If you locked in at a low rate in 2021, your renewa...
05/20/2026

So rates are moving. Now what? 🤔

A few things worth knowing right now:

If you locked in at a low rate in 2021, your renewal window is opening. What you had then isn't what's available today but there are still smart moves to make depending on your situation.

If you're buying, the pre-approval conversation is more important than ever. Locking in a rate today while you shop is a simple way to protect yourself.

If you're already in a variable and feeling nervous that's worth a conversation too. Sometimes the numbers say stay put. Sometimes they don't.

I'm not here to predict the market. Nobody does that well. I'm here to help you make the best decision with the information in front of you.

That's the job. I believe I'm good at it. 😄

📞 416-319-2457 | www.kevinbyworth.ca

Happy Victoria Day weekend! 🌿A Canadian long weekend named after a British monarch, I feel personally invested in this o...
05/17/2026

Happy Victoria Day weekend! 🌿

A Canadian long weekend named after a British monarch, I feel personally invested in this one going well.

Whether you're at the cottage, firing up the barbecue, or simply enjoying a few days that belong entirely to you, I hope it's a good one.

See you on the other side.

— Kevin

Rates are moving. Here's what's actually going on. 📊Fixed rates are trending upward — bond yields have been climbing, an...
05/15/2026

Rates are moving. Here's what's actually going on. 📊

Fixed rates are trending upward — bond yields have been climbing, and lenders are following. Variable rates are lower, but there's uncertainty about where the Bank of Canada goes next.

If you're sitting on a renewal in the next 6–12 months, this matters more than most people realise.

Here's the honest truth: there's no universally right answer between fixed and variable right now. It depends on your situation — your income, your timeline, your comfort with risk.

What I can tell you is this: waiting to "see what happens" is itself a decision. And it's not always the right one.

We should talk. 👇

📞 416-319-2457 | www.kevinbyworth.ca

🌸 To every mum who carried the schedule in her head, the grocery list in one hand, and three other problems she was quie...
05/10/2026

🌸 To every mum who carried the schedule in her head, the grocery list in one hand, and three other problems she was quietly solving — Happy Mother's Day.

Not all heroics come with a cape. Some come with a full calendar, a car full of kids, and very little sleep. Today is for them.

— Kevin

📰 You may have seen the headlines: the government is buying billions in mortgage bonds. Cue the confused looks and the "...
05/07/2026

📰 You may have seen the headlines: the government is buying billions in mortgage bonds. Cue the confused looks and the "wait, are the banks in trouble?" texts.

Let me translate.

When lenders give you a mortgage, they fund it partly through something called mortgage bonds — they sell these to investors to raise the money. The government stepping in as a buyer keeps that funding stable and costs lower for lenders.

Lower costs for lenders can mean some downward pressure on fixed mortgage rates. Not a dramatic drop — but it helps keep things from rising unnecessarily.

Now, the questions I'm already getting:

❓ Does this mean fixed rates are about to drop?
Not necessarily. Fixed rates are still driven by inflation and the bond market. This helps put a floor under things — it doesn't guarantee cuts.

❓ Does it affect variable rates?
No. Variable rates move with the Bank of Canada's overnight rate. This doesn't change that.

❓ Are the banks in trouble?
No. This is a stability measure — the government supporting the plumbing of the mortgage market, not bailing anyone out.

Bottom line: it's good news in a quiet, technical sort of way. Your strategy still matters more than any one headline.

If you want to talk through what this means for your situation specifically — I'm here.

📞 416-319-2457

🏡 If you've looked at a reverse mortgage before and thought "I don't have enough equity" — it might be worth another loo...
05/04/2026

🏡 If you've looked at a reverse mortgage before and thought "I don't have enough equity" — it might be worth another look.

As of early April, CHIP introduced the LTV Stretch — a higher loan-to-value option that lets eligible homeowners access more of their equity than was previously possible.

Combined with the CHIP Open (pay out anytime, no locked-in penalties) and a 3-year special rate currently sitting at 5.99%, there are more ways to structure this than most people realise.

Reverse mortgages aren't for everyone — but they're also not what a lot of people assume. No monthly payments. No selling. No moving. Access the equity you've spent years building, on your terms.

If you're 55+ and curious whether any of this makes sense for your situation, I'm happy to walk you through it — no pressure, just a clear picture.

📞 416-319-2457
🌐 www.kevinbyworth.ca

Somewhere in the GTA today, someone just got a mortgage renewal letter in the mail.They see the rate. Think: that seems ...
04/29/2026

Somewhere in the GTA today, someone just got a mortgage renewal letter in the mail.

They see the rate. Think: that seems about right. Sign it. Done.

Meanwhile, the Bank of Canada held at 2.25% this morning — third hold in a row — and that same person's lender counted on them not knowing that their offer was 30, 40, maybe 50 basis points above what a broker could have found them.

This is not a knock on the banks. It is how the system works. Lenders price renewals to retain customers efficiently. They are not volunteering their best rate in a letter.

Variable rates — no change today. Fixed rates — following bond yields, not the BoC. But neither of those facts matters as much as this one: you have options, and most people never use them.

For 55+ homeowners, a stable rate environment is also worth a separate conversation about reverse mortgages if that has been on your mind.

Got questions? I am genuinely happy to help.

416-319-2457 | kevinbyworth.ca

🏡 Did you know your home could be working harder for you — without you having to sell it or make a single monthly paymen...
04/12/2026

🏡 Did you know your home could be working harder for you — without you having to sell it or make a single monthly payment?

That's exactly what a reverse mortgage can do.

If you're 55 or older and own your home, you may be able to access up to 65% of your home's equity — tax-free — while continuing to live in it comfortably.

With CHIP's new LTV Stretch now available, the options are even stronger than before. Whether you're looking to supplement retirement income, consolidate debt, or simply give yourself more breathing room financially, this could be the solution worth exploring.

No monthly mortgage payments. No income qualification. No stress.

📞 Curious if this is right for you? Let's have a conversation — 416-319-2457

• •

📊 TD Economics just revised their 2026 housing forecast — and it's worth paying attention to if you're watching the GTA ...
04/08/2026

📊 TD Economics just revised their 2026 housing forecast — and it's worth paying attention to if you're watching the GTA market.

They're now expecting national home sales to dip 1.8% and prices to edge down 0.3% this year. Ontario took the sharpest downgrade — prices forecast to fall 4% provincially, with the GTA condo segment described as the weakest in the country.

Here's the flip side nobody's talking about: TD is forecasting a 9.6% rebound in home sales for 2027.

So what does that mean for you right now? If your income is stable and you're in a position to buy, today's softer prices and motivated sellers may be exactly the window you've been waiting for — before the rebound arrives.

The best time to move is rarely when everyone else is comfortable doing it.

📞 Let's talk through what this means for your situation — 416-319-2457

• •

Address

50 Gordon Way
Thornhill, ON
L3T5A2

Opening Hours

Monday 8am - 6pm
Tuesday 8am - 6pm
Wednesday 8am - 6pm
Thursday 8am - 6pm
Friday 8am - 6pm
Saturday 1pm - 6pm

Website

Alerts

Be the first to know and let us send you an email when Kevin Byworth - Mortgage & Insurance Services posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Kevin Byworth - Mortgage & Insurance Services:

Shortcuts

Featured

Share

Category