Mike Laracy Ontario Mortgage Specialist

06/10/2026

No surprises today. The Bank of Canada held rates again.

I know everyone is waiting for that dramatic rate-drop headline, but for now we’re still in a “wait and see” environment.

The good news? You don’t need to wait for the Bank of Canada to make a move before reviewing your mortgage options. I’ve had some great conversations lately with homeowners who thought they had to wait, only to find out there were options already on the table.

Sometimes the biggest savings come from a strategy change, not a rate change.

Message me anytime and let's chat about how I can help you. The next rate announcement will be July 15!

Cheers,
Mike

05/27/2026

Proud to support this amazing cause and our friend who has worked so hard on putting together an incredible evening in support of Saint Vincent de Paul!

Spotlight on Silver! 🩶 A huge thank you goes out to these Silver Sponsors whose generous financial support makes our event possible and brings us closer to our community goals. We are so grateful for your belief in our mission! Your donation will help to provide children in our community a cozy, warm bed to call their own. 💓

04/29/2026

On April 29, 2026, the Bank of Canada held its policy interest rate steady at 2.25% for the fourth consecutive decision, leaving Prime at 4.45%.

The decision comes amid continued geopolitical clashes, including conflict in the Middle East, which has sparked energy price volatility. The Bank continues to balance managing inflation, which has been affected by global supply pressures, while supporting the Canadian economy.

The next scheduled interest rate announcement is June 10, 2026.

Contact me with any questions you may have!
Mike