Frederick Chan, Mortgage Broker

06/10/2026

Bank of Canada holds key rate steady in fifth consecutive decision

The decision further pauses the Bank’s easing cycle as it continues to monitor inflation and economic conditions.

During a period of deep uncertainty in the global economy, it is a wise and cautious approach from the Bank of Canada not to act over-quickly to concerns about renewed rises in inflation. This is the kind of confidence-building decision that Canada’s housing market needs.

04/29/2026

Bank of Canada maintains policy rate at 2¼%

This morning, the Bank of Canada chose to keep its overnight policy interest rate at 2.25%, low by historical standards and good news for borrowers.

While not a surprising outcome, economists are parsing the Bank’s statements carefully for signs that a policy change may be on the way, given recent oil prices and the resulting pressure on inflation.

The evolving conflict in the Middle East is causing heightened volatility and US trade policy continues to reshape global trade patterns.

03/18/2026

The Bank of Canada has kept its key policy rate unchanged at 2.25%, as expected by markets. The decision further pauses the Bank’s easing cycle as it continues to monitor inflation and economic conditions.

01/28/2026

The Bank of Canada has kept its key policy rate unchanged at 2.25%

The decision further pauses the Bank’s easing cycle as it continues to monitor inflation and economic conditions.

"The Bank of Canada continues to face a difficult backdrop in setting interest rate policy. Uncertainty from U.S. trade tensions remains the top concern for consumers as a key driver of price pressures. Additional rate relief will be essential, as our latest housing market report underscores the growing financial strain Canadians face—whether striving to purchase their first home or managing higher mortgage costs at renewal.”

- Mortgage Professionals Canada.

12/10/2025

Bank of Canada leaves key interest rate unchanged at 2.25%, a move economists widely anticipated following recent signs of economic improvement. The decision follows the central bank’s October signal that it was likely finished cutting rates for now. More details are expected as the Bank releases its full economic outlook.

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

11/11/2025

The Vacant Home Tax declaration portal is now open!

Own a house or condo in Toronto? You need to let the City know if it’s occupied or vacant every year. Even if you live there.

Make your Vacant Home Tax declaration:

Toronto’s Vacant Home Tax (VHT) requires homeowners to declare their property as vacant or occupied each year. This initiative encourages property owners to rent or sell unused homes to increase housing supply, with taxes on vacant properties supporting affordable housing programs.

10/29/2025

The central bank has lowered its key policy rate by 25 basis points to 2.25%, in line with expectations. This is the ninth reduction since the Bank began easing monetary policy.

"We welcome the decision for the Bank of Canada to cut the overnight interest rate to 2.25%. It is our hope that the latest rate cut will provide needed economic momentum during these uncertain times. Rate relief is also essential to Canadian households, as our latest housing market report underscores the growing financial strain Canadians face—whether striving to purchase their first home or managing higher mortgage costs at renewal.”

- Lauren van den Berg, President and CEO of Mortgage Professionals Canada.

10/27/2025

Even if the Jays win it all in seven games, those mortgage payments will keep on going!

Fortunately, the right lender can help you handle any curveballs life throws your way.

If you have any questions, I am ready to chat whenever you are!

09/17/2025

BREAKING: The Bank of Canada has lowered its benchmark interest rate by 25 bps to 2.50%

The Bank of Canada has cut its key policy rate by 25 basis points (bps), bringing it to 2.50%, down from 2.75% where it has rested since March.

07/01/2025

Happy Canada Day!