Aftab Hossain - Mortgage Agent Level 2

03/13/2026

Canada’s February jobs report was weaker than expected, with employment dropping by 83,400 jobs and unemployment rising to 6.7%. While slower job growth could support lower interest rates, rising oil prices may keep inflation elevated, meaning the Bank of Canada could hold rates steady for now. The next Bank of Canada rate announcement is on March 18.

The Canadian Jobs Report Was Much Weaker Than Expected In February Today’s Labour Force Survey showed considerable weakness last month, even before the Gulf War took hold of the global economy. Employment fell by 83,400 jobs after edging down in January (-25,000; -0.1%). This is the largest declin...

01/05/2026

𝐁𝐚𝐧𝐤 𝐨𝐟 𝐂𝐚𝐧𝐚𝐝𝐚 - 𝟐𝟎𝟐𝟔 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐑𝐚𝐭𝐞 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐦𝐞𝐧𝐭 𝐃𝐚𝐭𝐞𝐬
Here are the 2026 interest rate announcement dates to help you plan ahead with confidence. Save this post for future reference.

• January 28
• March 18
• April 29
• June 10
• July 15
• September 2
• October 28
• December 9

If you’re thinking about a home purchase, mortgage renewal, or refinancing, timing and strategy really matter. I’m always happy to have a quick conversation and share insights based on your situation.

Feel free to call or text 416-817-1096 anytime. I’m available 7 days a week🙂

12/15/2025

Bank of Canada is holding rates as inflation cools and the economy improves. Rates are expected to stay steady through most of 2026.

Housing continues to struggle, particularly in Ontario. But greater trade clarity in the New Year could help the market recover.

Good News on the Inflation Front Will Keep the BoC on the Sidelines The Consumer Price Index (CPI) held steady at 2.2% year over year in November, as core inflation continued to ease. Accelerating costs for food and some other goods were offset by slowing price growth for services. In November, pric...

09/16/2025

Homebuyers are responding to improving fundamentals in the Canadian housing market. Supply has increased, with new listings surging until May of this year. In addition, the benchmark price now stands at $664,078, which is more than 4% lower than a year ago.

Market expectations are nearly unanimous that both the Federal Reserve and the Bank of Canada will cut their overnight policy rates by 25 basis points at their upcoming meetings on Wednesday, September 17. The Canadian CPI for August will be released tomorrow, and if inflation remains stable or declines, the Bank of Canada may continue to lower rates in October and December as well.

Canadian Home Sales Post Best August In Four Years Today’s release of the August housing data by the Canadian Real Estate Association (CREA) showed good news on the housing front. The number of home sales recorded through Canadian MLS® Systems increased by 1.1% on a month-over-month basis in Augu...

08/16/2025

The Canadian Real Estate Association’s (CREA) release of July housing data brought encouraging news. After a sluggish spring selling season, national home sales rose 3.8% in July compared to the previous month. Toronto led the rebound, with transactions up 35.5% since March, though overall sales in the city remain below historical averages.

On a year-over-year basis, total transactions have climbed 11.2% since March, signalling gradual momentum in the housing market.

Good News On The Housing Front As Sales Rose 3.8% m/m in July. Both new listings and home prices were unchanged m/m.https://mailchi.mp/sherrycooper/good-news-on-the-housing-front-as-sales-rose-38-mm-in-july

07/30/2025

The Bank of Canada held its benchmark interest rate unchanged at 2.75% at today's meeting, the third consecutive rate hold since the Bank cut overnight rates seven times in the past year.

If inflation slows over the next couple of months and the economy slows in Q2 and Q3 as widely expected, the Bank will likely cut rates one more time this year, bringing the overnight rate down to 2.50%, within the neutral range for monetary policy.

Bank of Canada Holds Rates Steady As Tariff Turmoil Continues As expected, the Bank of Canada held its benchmark interest rate unchanged at 2.75% at today’s meeting, the third consecutive rate hold since the Bank cut overnight rates seven times in the past year. The Governing Council noted that th...

06/16/2025

Canadian existing home sales recorded over the MLS Systems climbed 3.6% between April and May, a normally strong month for housing, marking the first gain in activity since last November. The Greater Toronto Area (GTA), Calgary, and Ottawa led the monthly increase.

Global Tariff Uncertainty Sidelines Buyers Canadian existing home sales recorded over the MLS Systems climbed 3.6% between April and May, a normally strong month for housing, marking the first gain in activity since last November. The Greater Toronto Area (GTA), Calgary, and Ottawa led the monthly i...

06/06/2025

The unemployment rate increased 0.1 percentage points to 7.0% in May, the highest rate since September 2016 (excluding 2020 and 2021, during the pandemic). The uptick in May was the third consecutive monthly increase; since February, the unemployment rate has risen by 0.4 percentage points.

Labour Market Weakness Continued in May, Raising the Prospects of a Rate Cut at The Next BoC Meeting Today’s Labour Force Survey for May showed a marked adverse impact of tariffs on the Canadian economy. Employment held steady for the second consecutive month at a modest net job change of 8,800–...

05/31/2025

Canada's Q1 GDP grew 2.2% - beating expectations! Growth was fueled by strong exports as United States buyers rushed to stock up on Canadian goods ahead of Trump's tariff changes.

Q1 GDP Growth Was Bolstered by Tariff Reaction As Residential Construction and Resale Activity Weakened Further Statistics Canada released Q1 GDP data showing a stronger-than-expected 2.2% seasonally adjusted annual rate, a tick above the pace of the quarter before. Exports drove growth as companies...

05/09/2025

The unemployment rate rose to 6.9% in April, up 0.2 percentage points from the previous month, following a 0.1-point increase in March. With today’s job data release, market experts are increasingly anticipating a rate cut at the Bank of Canada’s next interest rate decision on June 4.

Manufacturing Employment Plunged as Tariffs Weakened the Economy Today’s Labour Force Survey for April showed a marked adverse impact of tariffs on the Canadian economy. Early evidence suggests that the slowing economy will be the primary fallout of tariffs, with upward pressure on prices a second...