Interest Rates

For the seventh time in a row, Canada’s central bank has opted to maintain its overnight policy interest rate at 2.25%, unchanged since October of 2025. This decision was widely anticipated, but as always, the Bank provided new insights into its thinking and updated its economic and market outlook. Canadian Economic Performance and Outlook Canadian economic activity strengthened in the second quarter, with GDP up by 3.3%, following very weak growth in the first quarter While

What is the Trigger Rate? Your fixed payment variable-rate mortgage (VRM) has points of caution to watch out for. Your trigger rate and trigger point are bumps in the (mortgage) road and can affect your goals. Here are some tips to stay on track.

If there is one conversation dominating coffee shops and dinner tables across Penticton and the broader Okanagan Valley this year, it is real estate—and more specifically, how to finance it. Whether you are a first-time homebuyer trying to break into the BC housing market, or a current homeowner staring down a fast-approaching mortgage renewal, you are likely wrestling with the same critical question: Should I lock into a fixed-rate mortgage, or ride the wave of a variable ra

Mortgage pre-approval is a process where a lender reviews your financial information—such as income, credit score, debts, and assets—and determines the loan amount you qualify for a mortgage when you purchase your home.

When it comes to buying a new home or considering a mortgage refinance, understanding the different types of mortgage options is crucial. Among these options, extended ratio and private mortgages often come up as alternatives to conventional mortgages. But how do they differ? How do they affect interest rates? And are they a good choice for homeowners or realtors advising clients? This article breaks down these questions with clear explanations and practical examples. Extende

Interest rates shape many financial decisions, from buying a home to managing debt. As we are almost through the first quarter of 2026 homeowners, buyers, and investors want to understand where rates might head next. Experts offer forecasts that help navigate this uncertain terrain, revealing trends that could impact your finances. This post breaks down the 2026 interest rate outlook, explaining what drives changes and what you can expect.

Happy couple with refinance mortgage in Penticton enjoying their home and the view after getting a stress free refinance completed | Stephen Aitcheson, XEVA Mortgage

Top 10 mortgage questions asked on Google.

The Bank of Canada has recently cut interest rates as the economy and labour market show signs of strain from U.S. tariffs. However, they have remained tight-lipped about any future monetary easing.

More Cuts Possible If Inflation Allows The central bank of Canada has decided to hold its policy rate at 2.75% for the second consecutive time. This decision comes despite stronger-than-expected growth in the Canadian economy during the first quarter of this year. In April, inflation was recorded at 1.7%. However, core inflation indicators were higher than anticipated. Notably, food prices surged by 3.8% in April. Additionally, the full impact of the US tariffs has yet to be