Pacific Shore Mortgages

12/05/2025

If you’re considering buying, refinancing or have a mortgage coming up for renewal in the next four months, call your lender or mortgage broker immediately. Rates may be going up as soon as Monday. The five-year government of Canada Bond is up 19 basis points this morning due to positive economic news with the jobs report. This increase in the future expected FIXED RATE mortgages is an exceptionally large one-day increase. This also signals that investors do not believe that the Bank of Canada will cut rates further.
If you wait until Monday, you may be too late.

10/29/2025

BREAKING: The Bank of Canada has lowered its policy rate by 25 bps to 2.25%, as expected. This marks the ninth cut since last year’s 5% peak.

This will reduce variable rae mortgaes by 0.25% effective tomorrow.

https://www.bankofcanada.ca/2025/10/fad-press-release-2025-10-29/

Automatically view the rate announcement the moment it is published.

09/17/2025

A widely expected, the Bank of Canada has lowered its policy rate by .25%. This is the Bank's eight rate cut.

08/28/2025

I sat down for a chat on all things mortgages with April Grout from Royal LePage Coast Capital Realty on the Red Chair Podcast. We talked about everything from pre-approvals to renewals, refinancing, and the truth about banks vs. brokers. If you’ve ever wanted a clear, no-nonsense explanation of how it all works, this is the one to watch 👇

You’ve crunched the numbers on a mortgage calculator, but is that really what you can afford, or just what the bank might approve? Today we’re breaking down ...

08/08/2025

📉 Job Market Surprise: What It Could Mean for Interest Rates

Well, that took a turn. After June’s jobs report showed the strongest employment growth in six months, July just flipped the script — in a big way.

Canada lost more jobs in July than any month since January 2022. In fact, outside of the pandemic, it’s the steepest monthly job loss in seven years. That strong June report? It may have been more anomaly than trend.

So what does this mean for interest rates?
Markets are now pricing in at least a 0.25% rate cut by the Bank of Canada before year-end, and there’s now about a 40% chance of a cut as early as next month.
We’re also seeing the 5-year Canadian bond yield dropping, which could lead to lower 5-year fixed mortgage rates.

📊 Inflation data is still to come, and that will be the next big piece of the puzzle. But for now, this job report is raising some eyebrows — and potentially lowering some rates.

https://www.canadianmortgagetrends.com/2025/08/canada-unexpectedly-sheds-40800-jobs-most-since-pandemic/dg

The Canadian economy lost the most jobs since January 2022, and excluding the pandemic, it’s the largest drop in seven years.

07/30/2025

No surprise here. BoC policy rate remains unchanged.

🚨 BREAKING: As expected, the Bank of Canada has held its key interest rate at 2.75%, marking its third straight pause. That means no change for variable-rate mortgages, lines of credit, or other prime-based loans.

07/24/2025

New Bank of Canada rate forecasts are in:
🔹 RBC expects no more cuts—holding at 2.75% through 2026, the most hawkish outlook.
🔹 Scotiabank revises its call lower to 2.50% (from 2.75%).
🔹 BMO Financial Group remains the most dovish, forecasting 2.00% by early 2026.
🔹 TD, CIBC & National Bank all see a 2.25% terminal rate
Read more: https://bit.ly/3TOnyJI

07/24/2025

06/19/2025

📊 Attended an insightful economic update this week to stay sharp on the latest trends, interest rate forecasts, and what’s ahead for the Canadian market. Staying informed means better advice for my clients — and that’s always the goal.

05/15/2025

Winning at Tic-Tac-Toe and mortgages! I always find a way to connect the dots! Need a game plan for your next home purchase or refinance? Let’s strategize.