Chad Denie, Mortgage Agent

10/28/2026

Bank of Canada decision — today, Oct 28: the Bank raised its policy rate by a quarter point, to 2.50% — its first increase since 2023.

Why: the Bank said persistently high oil and energy prices have kept inflation around 3% since April, and it expects inflation to reach about 3.5% by year-end. Core inflation is still close to 2%, but fuel costs are pushing up production and transportation costs, and near-term inflation expectations have risen — so the Bank moved now to keep energy prices from spreading into broader inflation. It also said it could raise again if needed, but will proceed carefully.

What it means for you:

Variable-rate and HELOC borrowers: lenders are expected to raise prime by a quarter point — big-bank prime is currently 4.45%, so watch for 4.70%. If your payment adjusts with prime, that's roughly $70 more a month on a $500,000 variable mortgage with 25 years of amortization remaining (illustration only, not a quote). If your payment is fixed, more of it will go toward interest instead.

Fixed-rate borrowers: nothing changes on your existing mortgage today. New fixed rates are priced off bond markets, so they don't move one-for-one with today's decision.

Renewing soon or house-hunting in Ontario? With another hike possible, this is the week to check your rate hold and renewal numbers against the new picture — based on today's actual decision, not last week's headlines.

DM me if you want your situation run with today's numbers.

Mortgageville · FSRA #13693 · License

10/20/2026

Buying, renewing, or refinancing in Ontario? You have more options than the one your bank puts in front of you.

I'm with Mortgageville. As a mortgage broker, I shop multiple lenders for you — banks, credit unions, and alternative lenders — and match the mortgage to your plans, not the other way around. That matters most at three moments: when you're buying your first home, when your renewal letter arrives, and when a refinance could actually save you money.

Over the next 3 months I'll be posting tips on pre-approvals, renewals, refinancing, and what's happening in the Ontario market — no jargon, no rate promises, just what to watch and when to act.

Thinking about a move this fall or winter? DM me for a no-obligation pre-approval chat.

Mortgageville · FSRA #13693 · License

05/22/2026

Yesterday I had the pleasure of participating in the annual Wellness Fair for the employees of the . Keeping Financial Health top of mind helps clear away additional stresses associated with money. Teaching people how to effectively utilize their mortgage products to grow wealth is a passion of mine and I'm grateful for the opportunity to have been welcomed by a business who prioritizes their team members health and wellness in all forms!

03/10/2026

Mark your calendars!

10/24/2024

Calling all wealth builders! Big changes coming down in January which will allow you to use equity in your home to fund the building of a secondary rental suite on your property. For anyone wanting to build an income generating unit to their home, this should be a welcome change. Increase your property value AND secure an additional source of income utilizing your own equity!

If you are interested in more information about the changes coming down the line and how you can take advantage of them, let's chat! DM for details.

09/10/2024

I have some thrilling news to share that I couldn't wait to tell you about! After 5 successful years of serving you at Ultimate Mortgage Group, I'm excited to announce I have joined the launch of our new brokerage—Mortgageville!​​​​​​​​​
Why Mortgageville? 🤔

At Mortgageville, our mission remains the same: to provide you with unparalleled service and the best mortgage solutions tailored to your needs. Our new name reflects our commitment to creating a supportive community where you and your clients can find everything they need to complete their home financing journey. With over 60 lenders we’ll continue to provide best rates and flexible options to ensure your needs are met.

What Can You Expect from Mortgageville? 🏠

• Expert Guidance: Our experienced team is still here for you, ready to offer personalized support and advice to help you navigate the mortgage landscape.

• Innovative Solutions: We're bringing fresh ideas and innovative products that cater to the evolving needs of homebuyers and homeowners.

• Community Focus: With Mortgageville, we’re not just about transactions; we’re about building lasting relationships within our community by supporting local charities because as our new name implies – It takes a village!

Thank you for being a part of this journey with me. I look forward to continuing to serve you with even more dedication and passion at Mortgageville!

07/02/2024

06/28/2024

Home is where the heart is, and at Ultimate Mortgage, we celebrate love in all its forms. Happy Pride Month to our incredible community of homeowners, homebuyers, and real estate enthusiasts! 🏠🌈

06/05/2024

Today, the Bank of Canada announced a rate cut of 0.25% to the overnight lending rate. This is the first rate cut since 2020 when the BoC began its rate hike period and will come as a sign of relief to those who are feeling the weight of higher monthly payments. Will this spark the market into a buying frenzy? Time will tell. For now, those with variable rate mortgages can expect a reduction on their monthly payments moving forward. This is the first reduction of many anticipated as we ease towards a 2% inflation rate with the expectation to hit net neutral rates (baseline rates) by the end of 2025.

Refinancing this year and afraid of what rates to expect? Give me a call and we can set up a renewal strategy for success!