04/29/2026
We heard from the Bank of Canada today that while inflation has eased over the past year, uncertainty remains around the global and Canadian economic outlook. Recent global developments, including geopolitical tensions and higher oil prices, are adding pressure to inflation, while signs of slower growth are emerging at home.
For existing mortgage holders, there’s no immediate change to borrowing costs. Variable-rate mortgages and lines of credit tied to prime remain unchanged.
Looking ahead, the outlook for interest rates remains uncertain. For now, the base case among many economists is that the Bank of Canada holds rates steady through the rest of the year, with any changes depending on how inflation and the broader economy evolve.
Even though the Bank of Canada has held rates steady, there may still be opportunities to improve your mortgage strategy, and a quick review now can make a meaningful difference. I’m happy to schedule time with you to walk through your situation and make sure you’re in the best possible position.
We heard from the Bank of Canada today that while inflation has eased over the past year, uncertainty remains around the global and Canadian economic outlook. Recent global developments, including geopolitical tensions and higher oil prices, are adding pressure to inflation, while signs of slower growth are emerging at home.
For existing mortgage holders, there’s no immediate change to borrowing costs. Variable-rate mortgages and lines of credit tied to prime remain unchanged.
Looking ahead, the outlook for interest rates remains uncertain. For now, the base case among many economists is that the Bank of Canada holds rates steady through the rest of the year, with any changes depending on how inflation and the broader economy evolve.
Even though the Bank of Canada has held rates steady, there may still be opportunities to improve your mortgage strategy, and a quick review now can make a meaningful difference. I’m happy to schedule time with you to walk through your situation and make sure you’re in the best possible position.
