Mortgage & Wealth Strategies
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Beyond The Rate
As an expert mortgage broker, I know building wealth through homeownership and achieving financial freedom is about more than just chasing the lowest rate—it’s about strategy.
I'm taking you behind the scenes and giving you the insider tools and powerful strategies to get ahead. If you’re a first-time homebuyer, you’ll find everything you need to secure your first property and start building wealth from day one.
If you’re an existing homeowner, this is where you take control. Maximize the wealth-building potential of your current home with proven strategies for refinancing, leveraging equity, and optimizing your mortgage for bigger opportunities.
Your mortgage is more than a loan—it’s a gateway to long-term financial success.
My goal is simple: to equip you with the knowledge and tools to make smart, strategic decisions that will transform your financial future.
Let’s get started.
Why the U.S. Is Holding Back Canadian Mortgage Relief
July 7, 2025 | Posted by: Matt Broom-Hall
As we settle into July, you might be wondering why we haven’t seen more movement from the Bank of Canada on interest rates—especially with inflation easing on home turf. Well, like many things in Canadian finance, part of the answer lies just south of the border. If you’re a buyer, seller, or current homeowner, this cross-border push ‘n pull is something you’ll want to keep an eye on.So far, Canada's economy has been flashing the kinds of signals that typically encourage rate cuts: GDP is slowing, retail sales are trudging along, and June’s job numbers hinted at a softening labour market. Plus, our inflation pressures—while still present—have started to cool. That’s a compelling case for more rate relief from the BoC.
But then… there’s the U.S.
The American economy posted stronger-than-expected job growth in June, giving their central bank more confidence to play it cool before making additional cuts. In parallel, a massive (big, beautiful) budget bill—with plenty of fiscal stimulus baked in—is expected to keep inflation stubbornly high. Bond markets have responded accordingly, pushing U.S. yields higher—and pulling Canadian bond yields up along with them.
Why does that matter? Because fixed mortgage rates in Canada are directly tied to the bond market. Even if Canada wants to chart its own course, international investor sentiment often trumps domestic fundamentals—at least for a time.
That’s why, despite signs of softening at home, our fixed mortgage rates remain fairly resistant to meaningful declines. In fact, yields appear to be range-bound for now, but the risk of a bounce higher is growing. If the U.S. avoids rate cuts too long—or that stimulus bill ramps up inflation faster than expected—we could see Canadian borrowers paying the price in the form of climbing fixed rates.
What Does This Mean for You?
- If you're buying soon: Lock in a rate hold. Fixed rates are still below historical averages, but that window may not stay open for long. Rate holds last 90–120 days, so even if you're on the fence, it's smart to get one in place today.
- If you're renewing: Don’t auto-renew with your lender. With fixed and variable options in flux, it's a perfect time to strategize. I can help you compare—not just rates, but penalties, flexibility, and contract fine print.
- If you’re in a variable already: Hold steady.
Tip of the Week:
A lower mortgage rate isn’t just about saving money—it’s about buying flexibility. Even a 0.25% difference can mean the freedom to choose faster repayments, emergency funds, or that renovation you’ve been waiting on. Don’t just rate hunt—plan with purpose.