Taylor Hayes Mortgage Agent

09/01/2026

The Bank of Canada is widely expected to hold its overnight rate at 2.25% on September 2, as it balances rising inflation against trade-related economic risks. July CPI rose to 3.0%, up from 2.8% in June, while Canada’s economy grew 3.3% annualized in Q2.

For now, the outlook is stability, with future rate moves largely dependent on how inflation and the Canada-U.S. trade situation evolve.

Rate hold likely, but the real story is what happens to fixed and variable rates from here

08/31/2026

Canada’s second-quarter rebound exceeded the Bank of Canada’s forecast but did little to change economists’ rate outlooks, with renewed trade tensions and a softer start to Q3 supporting the case for the Bank to remain on hold.

08/28/2026

Canada’s Big Six banks beat Q3 profit expectations, with capital-markets earnings up 35% year-over-year as trading and deal activity strengthened.

08/28/2026

🏡 Another successful closing!

Today, we helped our clients consolidate their debts, lower their overall monthly payments, and free up cash flow — giving them the fresh start they were looking for.

Sometimes, the right mortgage strategy can do more than just finance a home — it can help create more breathing room in your monthly budget.

Looking to consolidate debt or free up cash flow? Let’s chat.

📩 Send me a message to explore your options.

HAYES MORTGAGE
Taylor Hayes
Mortgage Agent Level 2
416-617-3956
[email protected]

08/28/2026

Canada’s economy grew at an annualized 3.3% in Q2, its fastest pace since early 2023 and just below the 3.4% economist forecast.

Growth was driven by a 15.1% surge in exports, 3.3% higher household spending, and a 10.4% increase in residential investment.

Q1 was also revised from a contraction to 0.3% growth, confirming Canada avoided a technical recession.

Growth in Canada’s real gross domestic product accelerated to 3.3% in the second quarter, confirming a strong economic rebound after a yearlong slump brought on by U.S. tariffs and a slowdown in immigration.

08/27/2026

Canada’s 5-year Government of Canada bond yield rebounded 5 bps to 3.27% on August 26 after falling from 3.36% to 3.22% over the prior two sessions.

The increase was driven by stronger U.S. economic data, with Q2 GDP at 1.5% and consumer spending up 3.4%, keeping inflation and interest-rate concerns elevated.

The 5-year yield remains about 20 bps higher than early July, keeping pressure on fixed mortgage rates.

Canada’s 5-year government bond yield rebounded Wednesday, rising about five basis points to 3.27% by early afternoon. The move followed two days of declines that pulled the yield down from 3.36% on Friday to 3.22% on Tuesday. Despite Wednesday’s increase, it remained roughly nine basis points b...

08/26/2026

The case for a Bank of Canada rate hike is weakening as the Canada-U.S. trade war puts more pressure on economic growth. While tariffs could push inflation higher, economists are increasingly concerned about the impact on the broader economy, with the BoC expected to hold its 2.25% policy rate for the foreseeable future. This suggests rates could remain lower for longer, with a hike potentially pushed into 2027.

Economists say a central bank rate jump is unlikely anytime soon as US-Canada tensions ratchet higher

08/25/2026

A quick rant — and a reminder to protect your identity.

Over 1.5 years ago, Capital One contacted me about a credit card that had been opened in my name.

The employee noticed something didn’t add up — the card had been opened in Calgary, while I live in Ontario.

That call uncovered something much bigger.

My identity had been stolen.

❌ Multiple credit cards had been opened.

❌ Online gambling accounts had been created.

❌ My credit score went from very good to UNDER 400.

❌ And the person had access to an alarming amount of my personal information — my address, signature, passport number, SIN, height, gender, and more.

As a mortgage agent, I know how important your credit is.

So I signed up for an Equifax monitoring subscription that alerts me to new inquiries and activity.

🚗 I later discovered the same person had even STOLEN A CAR from Enterprise and accumulated hundreds of dollars in tickets.

⏰ Getting everything cleaned up took countless hours on the phone, emails, documentation and repeatedly proving that I was actually me.

I thought I finally had everything locked down.

Then last week, I was talking to my parents about how I hadn’t seen any suspicious activity recently.

Fast forward to today.

💸🏠 My identity is being used again — this time to apply for RENTAL HOUSING and ONLINE GAMBLING accounts.

So why am I sharing this?

Protect your personal information.

✅ Use strong, unique passwords.

✅ Turn on 2FA.

✅ Monitor your credit regularly.

✅ And please be extremely careful about where you send sensitive documents.

Personally, I never ask my clients to send sensitive personal information through regular email. I use encrypted portals to help keep their information secure.

Yes, 2FA can be annoying.

Yes, strong passwords are inconvenient.

Yes, changing passwords and monitoring your credit takes time.

But trust me…

It’s nowhere near as annoying as having your identity stolen.

08/25/2026

Canadian home prices stabilized in July after seven consecutive monthly declines, with prices having fallen 4.1% over that period. Resale activity has increased for four straight months, helping bring more buyers back into the market.

08/24/2026

July's expected decline is a bit of a warning sign for consumer spending, but the strong Q2 numbers suggest the Canadian economy is still showing meaningful momentum.

For the Bank of Canada, this is another mixed signal—consumer strength could support keeping rates higher, while a sustained slowdown in spending would provide more room for future rate cuts.

Canadian retail sales are set to fall for the first time this year, but strong second quarter purchases point to a rebound in consumption.