Jesse Fibiger DLC-Modern Mortgage Group

04/29/2026

NEW: The Bank of Canada holds its key rate at 2.25%, as widely expected, keeping borrowing costs unchanged for variable-rate mortgages and lines of credit for now.

12/10/2025

The Bank of Canada has held its policy rate at 2.25%, a move widely expected by markets. Lenders’ prime rates remain at 4.45%, keeping borrowing costs steady for variable-rate borrowers.

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.

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

09/17/2025

The Bank of Canada cut its policy rate to 2.50%

The Bank of Canada cut interest rates as the economy and labour market show damage from U.S. tariffs, but kept tight-lipped on any future path for monetary easing.

09/16/2024

BREAKING: The federal government just raised the insured mortgage limit to $1.5M and extended 30-year amortizations to all first-time homebuyers. More to follow...

https://www.canada.ca/en/department-finance/news/2024/09/government-announces-boldest-mortgage-reforms-in-decades-to-unlock-homeownership-for-more-canadians.html

09/04/2024

Real estate experts say the Bank of Canada's third consecutive interest rate cut is welcome news for variable-rate mortgage holders, but it could still be some time before significant demand returns to the market.

06/05/2024

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.

11/02/2021

With fixed rates on the rise, a mortgage pre-approval can be a total game-changer.

05/20/2021

The qualifying rate for residential mortgages with a down payment of 20 per cent or more will rise to the contracted rate plus 200 basis or 5.25 per cent, whichever is higher.

03/24/2020

By offering customers payment deferrals during COVID-19 crisis, banks stand to increase profits.