Broker Sam Surendran

Building equity takes time, but every mortgage payment can be a step toward increasing your ownership stake in your home. While market conditions may change, building equity is often a long-term process that grows over time through consistent payments. The sooner you start planning, the more opportunities you may have to build a stronger financial foundation for the future.

Bank of Canada Update: The overnight rate remains unchanged at 2.25%.

While inflation has ticked up recently due to higher energy prices, the Bank of Canada continues to target long-term price stability. It is keeping a close eye on economic conditions.

If you're planning to buy a home, renew your mortgage, refinance, or explore your options, rate decisions can play an important role in your overall mortgage strategy.