Kalson Jang Mortgage Agent

10/30/2025

The Bank of Canada (BoC) lowered its key interest rate by 0.25% to 2.25% ✅. This means the Prime Rate is now 4.45%.📉

Why did they cut rates again?

The economy has slowed — exports and business investment are weak.

Unemployment has risen to 7.1%.

Inflation is near target at around 2%, giving the BoC room to ease rates.

The BoC signaled that they are happy with where rates are at now, so its future direction will depend on how the trade war unfolds.

Home sales have been rising the last few months, so this rate cut will likely provide a tailwind to carry this momentum into the end of the year and early 2026!

The Bank’s next rate announcement is December 10, 2025.

The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

09/09/2025

Feeling truly humbled and grateful to be #1 in YTD sales at Premiere Mortgage Centre Ontario. I'm also very proud to have reached 350 reviews on Google with a perfect ⭐⭐⭐⭐⭐ rating! 🙌🏻

None of this would have been possible without my amazing clients and friends who put their trust in me, my hardworking team, and most importantly, my family who stand by me every step of the way. 🙏🏻

This is not just my achievement, it’s ours. Thank you for believing in me and allowing me to do what I love every day. 😊❤️

05/01/2025

It's been a challenging start to the year, but I'm thrilled to be ranked #1 in year-to-date mortgage sales volume at Premiere Mortgage Centre! 😊🙌🏻

With so much uncertainty due to the trade war and its impact on the markets, employing the right strategies and providing the best advice has never been more important. 📈📊

I'm incredibly grateful for the trust and support of my wonderful clients, my dedicated team, valued business partners and my loving family. This achievement wouldn't have been possible without each and every one of you. Thank you all so much! 🙏🏻👍🏻❤️

01/29/2025

The Bank of Canada (BoC) cut rates by 0.25% today, their sixth consecutive rate cut. The BoC rate is now 2% below the peak from May 2024. Big Bank Economists currently forecast another 0.75% (avg) drop in 2025.

The BoC also announced that they will be ending quantitative tightening and restarting asset purchases on Mar 5. This means they will be putting money back into the economy, which should stimulate economic activity.

The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%.

12/11/2024

The Bank of Canada (BoC) delivered its second consecutive jumbo-sized 0.5% rate cut as inflation is at the BoC's target of 2%. Combined with an uncertain economic outlook with possible US tariffs on Canadian exports, and the unemployment rate reaching 6.8% (the highest since Jan 2017 if you exclude the COVID years), the BoC decided on another 0.5% rate cut. Slower economic growth has been masked by rapid population growth, fueled by record immigration numbers. That said, the Canadian Government has shifted to lower immigration targets, so these cracks are starting to show now.

All the recent rate drops have resulted in a third straight month of increased real estate sales in the GTA, +8.5% (Sep), +44.4% (Oct) and now +40.1% in November, with the average selling price up 2.6% vs last year.

The condo market is definitely starting to heat up, with sales up 36.3%. This is a key development as many condo owners are looking to take advantage of falling rates by selling their condos to upsize into houses. That said, the condo market is still relatively soft, offering buyers lower prices, great selection and more negotiating power. Conversely, the single family home market has tightened with detached homes seeing average annual price growth above the rate of inflation.

The recent mortgage rule changes allowing mortgage insurance on properties up to $1.5M (previously $1M) with a max amortization of 30-years (previously 25-years), will provide another boost to the real estate market in 2025. This combined with interest rates that are expected to drop much more over the next 12+ months, means we should benefit from a very strong tailwind over the coming year.

Automatically view the rate announcement the moment it is published.

10/23/2024

The Bank of Canada (BoC) delivered its first jumbo sized 0.5% rate cut in years as inflation (1.6%), is below the BoC's target of 2%. Many more rate cuts are expected, which is supported by the BoC saying "If the economy evolves broadly in line with our latest forecast, we expect to reduce the policy rate further."

This will bring much needed relief as Canadian household debt is extremely high (relative to income). As a result, the Canadian economy is much more interest rate sensitive than the U.S. and has been more negatively affected by the higher rates of recent years.

The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%.

09/04/2024

The Bank of Canada (BoC) cut rates by 0.25% for a third consecutive time at their September meeting. Although Canada's recent GDP growth (2.1%) came in higher than expected, real GDP per capita shrank for the 5th quarter in a row. Inflation has also been falling despite higher mortgage rates leading to higher "shelter costs". Shelter costs have been the biggest contributor to total inflation, yet the combined number is still falling. This shows very positive progress towards the BoC's lower inflation target.

With all factors considered, the BoC felt confident to cut rates again. The Big 6 Banks are now split on what they expect for the rest of the year. All the banks are predicting at least 1 more rate cut this year, with some expecting 2 more.

The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%.

07/24/2024

The Bank of Canada (BoC) cut rates by 0.25% again at their July meeting. Population growth in Canada is exceeding employment and GDP growth, which confirms the economy is slowing as a result of high interest rates. This is further supported by lower household spending and a sluggish real estate market. All of this provided the BoC with the confidence they needed for a 2nd consecutive rate cut. The BoC also forecasts inflation to continue its downward trajectory in 2024 and heading into 2025, a clear sign that rates are also going to be trending down as well.

The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization.

06/05/2024

Bank of Canada CUT rates by 0.25% today! First cut in over 4-years!!

This signals the start of rate cuts that are projected to continue over the coming years.

The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.

06/03/2024

I'm so pleased to announce that I made one of the most prestigious lists in the Mortgage industry, Top 75 industry wide in Canada! 🏆🔥💪🏻🙌🏻

With thousands of brokerages and over 30,000 mortgage agents/brokers in Canada, making this list is something I could only dream of when this journey started. 😊

Thank You so much to everyone for making this dream a reality! 🙏🏻 Thank you to my clients for trusting me with some of your life's most important financial decisions. Thank you to my partners for your trust and support. Thank you to my team for setting a high standard for everything we do! Last but not least, thank you to my family for being beside me from day 1, I do everything to give you the best I can! ❤️

06/03/2024

I'm so pleased to announce that I made one of the most prestigious lists in the Mortgage industry, Top 75 industry wide in Canada! 🏆🔥💪🏻🙌🏻

With thousands of brokerages and over 30,000 mortgage agents/brokers in Canada, making this list is something I could only dream of when this journey started. 😊

Thank You so much to everyone for making this dream a reality! 🙏🏻 Thank you to my clients for trusting me with some of your life's most important financial decisions. Thank you to my partners for your trust and support. Thank you to my team for setting a high standard for everything we do! Last but not least, thank you to my family for being beside me from day 1, I do everything to give you the best I can! ❤️

https://www.mpamag.com/ca/best-in-mortgage/the-75-best-mortgage-brokers-in-canada/490427