DLC FC Funding - Wilson Mortgage Team

09/02/2026

The Bank of Canada held its overnight rate at 2.25% today.

No change means variable-rate borrowers won’t see an immediate shift tied to the Bank’s decision. Prime remains 4.45%.

For anyone renewing, refinancing or considering a move, the bigger question is still whether your mortgage structure makes sense for your plans — not just where rates sit today.

08/29/2026

Another happy client on their mortgage renewal! We were able to save them $7,260 over the next 60 months with lower payments, or $121 every month!

They chose to review their options at maturity instead of simply signing back the offer.

Apply here for your mortgage and receive professional guidance: https://velocity-client.newton.ca/en/client/journey/home?shortCode=3qcxfdb4ykdq

08/27/2026

Get the mortgage and home first 🏡 Then get the car loan 🚗 Otherwise, you’ll kill your debt servicing ratios and won’t be able to buy your home!

08/26/2026

The case for a Bank of Canada rate hike is starting to weaken.

With Canada-U.S. trade tensions escalating again, economists are increasingly expecting the Bank of Canada to stay on hold rather than raise rates. Higher energy prices and tariffs can still create inflation pressure, but right now the bigger concern appears to be slower economic growth.

BMO is currently forecasting the overnight rate to remain at 2.25% through the rest of 2026, while other economists are also saying the likelihood of a hike has fallen significantly.

The next Bank of Canada announcement is September 2, with no change currently expected.

For mortgage holders, the takeaway is simple: the outlook has shifted fairly quickly, and the argument for higher rates is becoming much less convincing.

As always, things can change with inflation, oil prices and trade negotiations, but for now a prolonged hold looks increasingly likely.

08/08/2026

A low mortgage rate doesn’t always mean a low-cost mortgage.

With a fixed mortgage, breaking your term early can trigger an Interest Rate Differential (IRD) penalty. Depending on the lender and how they calculate it, that penalty can be thousands—or even tens of thousands—of dollars.

The important part is understanding the penalty before choosing the mortgage. The right lender and mortgage structure can make a significant difference if you need to sell, refinance or make a change before maturity.

Sometimes the best mortgage isn’t the one with the lowest rate. It’s the one that gives you the right combination of rate, flexibility and exit cost.

Learn how IRD mortgage penalties work⁠:

https://dominionlendingniagara.ca/mortgage-penalties-uncovered/

08/08/2026

Niagara’s market continues to move differently from one community to the next.

Here’s a quick look at July’s benchmark prices across the region. If you’re buying, renewing or refinancing, understanding the local numbers matters.

07/30/2026

Sometimes we learn we are wrong through pain, loss and suffering.

For real advice and compassionate advice designed for your best interest — I am a phone call or email away!

1-800-969-0014 | https://wilsonmortgage.ca

https://youtu.be/xpcCEUritps?si=du2dFElC1Dax1bLq

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