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  1. Bank of Canada Lowers Interest Rate to 4.25% – Implications for Canadian Homeowners

    The Bank of Canada has recently lowered its key interest rate to 4.25%, marking the third consecutive rate reduction. This move aims to address slowing inflation while stimulating economic growth. But how does this impact homeowners and potential buyers? At Mortgage Intelligence, we’re here to guide you through what this rate cut means for your mortgage. […]

  2. Canada’s Inflation Rate Reaches a New Low: What It Means for Mortgage Borrowers and Homebuyers

    Mortgage Intelligence Inflation

    Canada’s inflation rate continues its downward trend, falling to 2.5% in July, marking the lowest level since March 2021. This decline represents significant strides in managing inflation and aligns with predictions that the Bank of Canada may implement a third consecutive interest rate cut on September 4th. A Positive Economic Shift: Moving Towards Stability The […]

  3. Recent Mortgage Rate Changes: What You Need to Know

    Mortgage Intelligence Rates

    The Bank of Canada made headlines last week with its decision to cut interest rates by 0.25%. This adjustment, the first of its kind since March 2020, has led to significant changes in both fixed and variable mortgage rates, creating new possibilities for current homeowners and potential buyers. If you’re considering a mortgage renewal or […]

  4. Steady as it goes – Bank of Canada maintains its key policy rate at 5.0 %

    In its recent decision, the Bank of Canada has opted to maintain the key policy rate at 5.0%. This move comes after assessing data as of October 2023, which indicates that the inflation rate stands at 3.1% and is expected to gradually move toward 2.5% by the third quarter of 2024. Bank of Canada Governor […]

  5. FAQs: Navigating the Ins and Outs of Mortgage Creditor Insurance 

    Question: Why should I consider mortgage creditor insurance?  Answer: Mortgage creditor insurance, along with optional add-ons like disability and critical illness coverage, provides vital protection. It ensures that significant loans, such as mortgages, will be paid off if you pass away or experience a health condition that prevents you from working.  Question: Who is mortgage […]

  6. Bank of Canada maintains its key policy rate at 5.0%

    The Bank of Canada kept the overnight rate today to 5.0% after receiving data, as of September 2023, that the inflation rate is at 3.8% and trending downward towards its target of 2%.  Canada will officially announce soon it has entered a recession which is expected to be short in duration and this also bolstered […]

  7. Why Mortgage Creditor Insurance is Crucial for Protecting Your Home and Family

    In the world of mortgages, Mortgage Creditor Insurance may not be the most common topic of discussion, but its importance cannot be understated. The topic often receives less attention, primarily because it deals with life’s more uncomfortable possibilities: the prospect of severe illnesses, unforeseen disabilities, or even mortality. Bringing up these topics isn’t always easy, […]

  8. It’s “wait and see” as Bank of Canada maintains its key policy rate at 5%

    The Bank of Canada announced today that it will hold the overnight rate at 5% despite an inflation rate increase to 3.3% in July 2023 which is trending further away from its target inflation rate of 2%. The central bank is adopting a “wait and see” stance as there was a sharp drop in domestic […]

  9. Is there a “perfect time” to purchase a home?

    You’ve saved enough for a down payment, your credit is in ship shape, you are gainfully employed, and you’ve even saved enough for closing costs and moving expenses. All systems go. You’re ready to get into the housing market! No doubt, you worked hard to get to this point and your excitement at the prospect […]

  10. Bank of Canada raises its key policy rate by .25% to 5.0%

    The Bank of Canada increased the overnight rate today to 5% despite the decline in the inflation rate to 3.4% as of May 2023 because of lower energy prices. Food and shelter inflation remains high. In a recent speech, Deputy Governor Paul Beaudry stated: “We know this tightening cycle has not been easy for many […]