The Bank of Canada Sees Less Inflation
October 6, 2025
Mortgage Rates Set to Fall After the Fed’s Dovish Shift
October 20, 2025
I hope that everyone enjoyed a relaxing Thanksgiving weekend. I took the weekend off and will be back next week, as usual.
In the meantime, I am thankful for your readership, and for the borrowers who place their trust in me to assist them with their mortgage financing.
The Bottom Line: Bond yields were range bound last week, and fixed mortgage rates held steady.
Variable-rate discounts were also unchanged.
Last week’s stronger-than-expected employment report had investors paring back their bets on a Bank of Canada rate cut at its next meeting on October 29.
Regardless, I continue to expect at least two more 0.25% cuts by the Bank before it completes its current rate-cut cycle.
