Canadian Dollar Edges Lower as BoC Resumes Its Easing Campaign
The Canadian dollar edged lower against the U.S. dollar after the Bank of Canada trimmed its policy rate to 2.50%. Here’s how the loonie’s weakness ties into mortgage rates, renewals, and the Canadian housing market.
Bank of Canada Cuts Rates to Three-Year Low, Cites Risks to Economy
The Bank of Canada has cut its key interest rate by 25 basis points to 2.50%, citing risks to the economy and easing inflation. Here’s what the move means for mortgage borrowers, homeowners, and Canada’s housing market.
Canadian Housing Starts Fall 16% in August — A Sign of Builder Caution
Housing starts in Canada fell 16% in August, signaling builder caution. Here’s how the slowdown could impact homebuyers, supply, and mortgage rates.
Canada’s Inflation Slows to 1.9% in August, Boosting Odds of Rate Cut
Canada’s inflation slowed to 1.9% in August, giving the Bank of Canada more room to cut rates. Here’s how the move could impact variable and fixed mortgage rates.
Fixed Mortgage Rates Dip Below 4% as BoC Cut Looms
Fixed mortgage rates in Canada have slipped under 4% as bond yields fall and the Bank of Canada prepares for a September rate cut. Buyers, renewals, and refinancing options could all benefit, while variable-rate holders await relief from lower prime rates.
Bank of Canada Poised to Cut Rates on September Amid Weak Jobs and Economy
The Bank of Canada is expected to lower its policy rate by 25 basis points on September 17, 2025. Economists cite weak jobs data, shrinking GDP, and cooling inflation. Mortgage holders could see relief, especially those with variable rates.
Build Canada Homes: New Agency to Deliver Affordable, Middle-Class, and Supportive Housing
Build Canada Homes has been launched with a bold mission — to create affordable housing for low-income families, expand middle-class housing options, and provide supportive housing to reduce homelessness. The agency’s C$13B mandate could reshape Canada’s mortgage and housing market.
Canada Launches $13 Billion Federal Agency to Build Affordable Housing
Prime Minister Mark Carney has launched Build Canada Homes, a federal agency with an initial C$13 billion budget to build affordable housing. The move aims to ease Canada’s housing shortage, provide homes for low- and middle-income families, and stabilize the mortgage market.
Mortgage Applications Surge to Highest Level Since 2022 as Rates Decline
U.S. mortgage applications have surged to their highest level since 2022 as rates fell to 6.35%. Both purchase and refinance demand are rising, signaling renewed momentum in the housing market.
U.S. 30-Year Mortgage Rates Fall to Lowest Level in a Year, Driving Surge in Applications
The U.S. 30-year fixed mortgage rate has fallen to 6.35%, its lowest point in nearly a year. Experts link the drop to easing Treasury yields and hopes of Federal Reserve rate cuts, giving homebuyers and refinancers fresh opportunities.
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