Mike Garganis - Mortgage Agent

06/08/2026

ANOTHER RATE DROP!!!!

06/04/2026

Fixed (and some variable) rates are coming down.

I didn't predict it, but I suggested to many to stay in a variable rate mortgage because I weighed out factors that would impact it.

For those working with me, I will let you know when and if it makes sense to switch to a fixed rate.

If you're mortgage is coming due (and you're working with me), you will be getting a lower rate so stay tuned.

If you aren't working with me and you want a second opinion, feel free to reach out.

Have a great day!

Mike Garganis
416-481-6444
[email protected]

05/22/2026

Working with an experienced broker will save you money.

For example, did you know if your mortgage is up for renewal and you have a line of credit, you don't need to refinance and you don't need to pay lawyer fees.

AND you could be eligible for insured rates.... that's right.

Contact me today, let me know how I can help.

Have a great weekend!

Mike Garganis
C. 416-481-6444
[email protected]

*2025 Mortgage Architects - President's Club - Top 10%
*2025 Mortgage Architects - Ambassador Award - $100 million+ funded

05/19/2026

Good morning, hope everyone had a great long weekend.

April's Inflation Rate jumped to 2.8%, slightly up from March's rate of 2.4%.

This is mainly contributed to the US/Iran war driving up energy prices, specifically gas prices.

The Bank of Canada's target is 2%. Does this mean rates will go up?

The 5 yr gov't bond yields are also up. Banks have been holding off raising fixed rates again, but that could change.

June 10 is the next BoC rate announcement which would affect variable rate mortgages.

There is no one size fits all.

Let's discuss your situation, your plans for the next year, 2 years, 5 years, and so on.

If you have debt, let's get rid of it.

If your renewal is coming up, let's take a second look at your bank's offer, it might now be as good as you think. If it is, I'll tell you and not waste your time or mine.

If you're in the market to buy, it's the right time. Home prices are down and rates are low.

I'm available if you have any questions.

Have a great day!

Mike Garganis
416-481-6444
[email protected]

*2025 Mortgage Architects - President's Club - Top 10%
*2025 Mortgage Architects - Ambassador Award - $100 million+ funded

05/05/2026

Bad news.... fixed rates are going up.

Good news.... you don't need to go with a fixed rate mortgage.

In fact, if you think the variable rate mortgage is the only option, you are mistaken.

I will present options and put together a solid plan for you to improve your cashflow, eliminate high interest debt and pay off your mortgage sooner.

Is your mortgage up for renewal?

Are you looking for your next home or rental property or cottage?

Are you looking to take out equity to do a reno on your home?

Let me take the guesswork out and save you from running around by looking after your mortgage with 25+ years of experience.

As a top producer with the big banks in Canada, I get top-tiered rates and promotions.

There might be times where your bank may give you a good offer, and I'll be honest to not waste your time or mine if they do, but if I can save you some time and money, reach out and I'll look after you.

Have a great day!

Mike Garganis
C. 416-481-6444
[email protected] | www.mikegarganis.ca

*2025 Mortgage Architects - President's Club - Top 10%
*2025 Mortgage Architects - Ambassador Award - $100 million+ funded

Expert mortgage advice for purchases, refinancing, renewals, debt consolidation

04/29/2026

The Bank of Canada maintained its policy interest rate at 2.25%, citing global economic volatility driven by the conflict in the Middle East and ongoing US trade policy uncertainty.

While rising energy prices are expected to push CPI inflation to approximately 3% in April, the Bank projects a return to the 2% target by early next year as oil prices stabilize.

Canada's GDP growth is expected to resume, supported by increased national income from oil exports, despite a soft labor market and constraints on business investment.

How does this affect mortgage rates?

If you have questions or concerns on your upcoming renewal, let's review your finances to ensure you're on the right path.

Have a great day!

Mike Garganis
416-481-6444
[email protected]

*2025 Mortgage Architects - President's Club - Top 10%
*2025 Mortgage Architects - Ambassador Award - $100 million+ funded

04/27/2026

A new report from Senior bank economists are calling for a steady 2026.

Speaking at a recent industry event, TD Vice President and Deputy Chief Economist Derek Burleton is calling for rate cuts throughout the year.

“Next week (Wednesday April 29) is a slam dunk, no rate change, two-and-a-quarter (BoC lending rate), the question is what happens next,” he says. “Even pre-war we expected to stay at 2.25% and ride that out, and I do believe if the bank is going to move off it, it’s more likely they cut rates than raise.”

Resilient growth and contained inflation pressures suggest the Bank of Canada is more likely to ease than tighten if it moves.

He agrees with most Big Six forecasts calling for a steady 2026. But if the Bank does move, he sees cuts as more likely than hikes.

All the more reason not to go with a long term fixed mortgage. Or is it?

Everyone's situation is different. I have access to over 50 lenders and constantly get promotions.

If you have any questions or looking for a second opinion please feel free to contact me.

Mike Garganis
416-481-6444
[email protected]

*2025 Mortgage Architects - President's Club - Top 10%
*2025 Mortgage Architects - Ambassador Award - $100 million+ funded

04/25/2026

Next Bank of Canada overnight lending rate announcement will be on Wednesday April 29.

Consensus is it will remain unchanged. That's the good news.

The bad news - fixed rates are over 4%. But really, that's not so bad.

We were over 5% over a year ago, and now B lenders are offering below 5% to those with poor credit and/or don't meet the standard guidelines.

RENEWALS - I'm seeing a lot of bank's renewal offers and some aren't bad, and some are surprisingly bad, especially for long time clients.

Look, if you aren't taking out equity and you're just doing a straight renewal, there is no cost to move to another bank. It's so convenient, it's all set up the exact same way you have it now, your payments come out automatically, and more importantly, I can help adjust your payment to your budgeting needs.

Don't just sign on the dotted line, contact me via phone or email and let's see if you got a good offer or not.

Have a great weekend!

Mike Garganis
416-481-6444
[email protected]

04/21/2026

Canada's Inflation came in higher for March to 2.4%, up from 1.8% in February.

Slightly lower than analysts expectations, and usually a sign rates could be on the move.

So far the bond yields have been relatively modest at just 3%, so hopefully that trend continues.

The Bank of Canada's next rate announcement is on April 29.

Most economists believe they will hold steady to help the economy.

What's the right move?

Contact me and we can go over what's right for you.

Mike Garganis
416-481-6444
[email protected]

04/10/2026

How important is it to have experienced professionals on your 'Home Team' vs those who are doing it part-time or didn't work their way in the business.

I just got a client where I literally saved them $500 a month, thousands in interest, plus they didn't even need a lawyer for this transaction, so I saved them another $1,200 in lawyer fees.

I'm all for helping and supporting, but to what cost?

Certain industries require knowledge and experience.

Don't be fooled by rate alone. Being in control, especially in these times is far more important.

Talk with me if you have any questions or want a 2nd opinion/look at your offer.

Have a great weekend!

Mike Garganis
416-481-6444
[email protected]