Ryan Erikson - Mortgage Broker at DLC - Modern Mortgage Group

05/25/2026

How are you saving for your down payment?

Most Canadians with marriage on the mind rank home ownership well ahead of lavish weddings and conventional gifts, a new survey finds.

04/16/2026

I definitely have heard this many times over the years from clients.

Waiting often feels like the “safe” choice, but in reality, it can be one of the most expensive decisions buyers make. The market rarely rewards perfect timing.
The good news?
You don’t need perfect timing, you need a smart plan.
With the right strategy, buyers can move forward confidently today and adjust tomorrow when conditions change. The key isn’t predicting the market… it’s preparing for it.
If you or someone you know is waiting on rates, let’s talk through a plan instead of watching opportunities pass by.

04/07/2026

The Bank of Canada has not moved in months. Your mortgage rate just went up anyway.

Most people are confused by this. They watch the BoC announcements, see the rate hold steady, and assume their mortgage costs will too.

That is not how fixed rates work.

Fixed mortgage rates are not set by the Bank of Canada. They are set by bond yields. And bond yields do not wait for central bank meetings.

Here is the chain reaction most people miss.

A war breaks out in the Middle East. The Strait of Hormuz closes. Global oil prices spike. Energy costs rise across the economy.

Now here is the part that catches people off guard.

Inflation does not need to arrive for rates to move. The 𝘳𝘪𝘴𝘬 of inflation is enough.

Bond investors see higher energy prices and start pricing in future inflation. They demand higher yields to compensate. Lenders see those yields rise and adjust their fixed mortgage rates accordingly.

In the past three weeks alone, fixed rates climbed by half a percent. The five-year fixed went from around 4% to 4.95%. And the Bank of Canada did nothing.

That is the disconnect most homeowners do not understand.

Variable rates follow the Bank of Canada.
Fixed rates follow bond markets.
Bond markets follow global risk.

Right now, 1.4 million Canadians are renewing their mortgages this year. Many of them locked in at rates from 2021. They are walking into renewals expecting stability and finding something very different.

Here is what most people miss.

You do not need to wait for the Bank of Canada to act. The market already moved. And if uncertainty continues, it could move again.

If your renewal is coming up, now is the time to lock in a rate hold. Not when the letter arrives. Now.

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There are generally two ways to get a mortgage in Canada: From a bank or from a licensed mortgage professional. With 10 years of experience in the Financial Industry and as a Mortgage Expert I thoroughly enjoy assisting my clients with consolidating debt, lowering their monthly payments as well as a...

03/23/2026

The Canadian bond market is climbing and that is a major signal for anyone shopping for a mortgage.

When bond yields rise, fixed mortgage rates usually follow. We are already seeing upward pressure build, and if this trend continues, don’t be surprised to see more 3-year fixed mortgage rates move back above 4% very soon with all lenders.

If you have not locked in your rate yet, now is the time to have that conversation.

Waiting for the “perfect moment” can cost you real money. In this market, speed matters.

03/15/2026

Why are the Big Bank economists varying so much in their interest rate forecasts moving forward?

TD thinks the Bank of Canada rate will stay at 2.25% though 2027.
RBC thinks is reaches 3.25%

They can’t both be right and you still need to make a mortgage decision today. So how do you make a decision when the experts disagree?

You’re not betting on what rates will do rather, you're choosing "How much uncertainty you can afford?"

Here are the 3 questions I ask every mortgage client:

1.Can you afford a payment if your mortgage rate rises 1.5% at renewal?
-If yes, you have flexibility. If the answer is no, you need certainty.

2. Is there a likely event in the next 3 years that changes your property?
-Renovation, Sale, Refinance, Family Change. If yes, a short term or variable rate make sense. If the answer is no, lock in more certainty.

3. How do you sleep at night?
-some people are okay with payment fluctuation (ie. Variable Rate) while others lose sleep over a $200/month change in their payment. This is an important consideration when choosing rates.

Bottom Line:

If you value certainty, take a fixed rate.
If you think your situation changes significantly in 3 years (ie. you might sell your home in the next 1-3 years," take the shorter term. This gives you flexibility without having to pay a massive penalty to break it.

Thereis no "1 size fits all solution" and all mortgages are different.
There is only the right decision for your mortgage situation.

Make your mortgage decision on factors that you can control.

ryanerikson.com
[email protected]

02/23/2026

Refinancing your mortgage can be a smart financial move for many reasons, and as your trusted mortgage advisor, I’ve seen how much it can benefit homeowners!

Ideally, refinancing is done at the end of your mortgage term to avoid penalties, but the timing can vary depending on your goals. For some, it’s about unlocking the equity in their home to fund renovations or cover big expenses like college tuition. For others, it’s an opportunity to consolidate debt, lower their interest rate, or change up their mortgage product.

Let’s take a closer look at some of the ways refinancing your mortgage can help!

Get a Better Rate: The Bank of Canada once again held the policy rate steady at 2.25% to start off 2026. Now is a great time to consider refinancing for a better rate and lower overall mortgage payments! Having access to multiple different lenders provides me the the opportunity to shop for the best rates and terms for your mortgage.

Consolidate Debt: When it comes to renewal season and considering a refinance, this is a great time to review your existing debt and determine whether or not you want to consolidate it onto your mortgage. In most cases, the interest rate on your mortgage is less than you would be charged with credit card companies or other forms of financing you may have. Plus, having all your debt consolidated into a single payment can keep you on track!

Unlock Your Home Equity: Do you have projects around the house you’ve been dying to get started on? Need funds for a large purchase such as a new vehicle or post-secondary education? When you are looking to renew your mortgage, it is a great opportunity to consider refinancing in order to take advantage of the home equity you have built up to help with these larger changes in your life!

Change Your Mortgage Product: Are you unhappy with your existing mortgage product? If you have a variable-rate or adjustable-rate mortgage, you may be considering locking it in at the lower rates. Alternatively, you may want to switch your current fixed-rate mortgage to a variable option. You can also utilize your refinance to take advantage of a different payment or amortization schedule to help pay off your mortgage faster!

No matter your plans or situation, please don’t hesitate to reach out to me today!

01/19/2026

NEW: Canada’s inflation rose to 2.4% in December (vs 2.2% expected) on base-year effects. The BoC’s trim & median core eased to 2.6% y/y, with their 3-month annualized pace down to 1.7% from 2.3% in November.

READ MORE: https://www.canadianmortgagetrends.com/2026/01/canada-inflation-ticks-up-to-2-4-on-base-effects-as-core-eases/

01/08/2026

Les économistes prévoient un redressement graduel de l'immobilier en 2026. Des taux d'intérêt plus bas soutiendront la demande. La hausse des prix restera toutefois contenue : l'accessibilité demeure problématique et l'offre, insuffisante.

01/08/2026

The British Columbia government has dropped the threshold for its homeowner grant program for the first time in six years as assessed values for homes fall in the province's Lower Mainland.