Recent economic data is sending a clear and consistent message: Canada is entering a period of interest rate stability, not volatility.
While headline inflation has moved slightly higher, much of that increase is due to temporary base effects from last year. More importantly, core inflation is easing, which tells us that underlying price pressures are cooling rather than accelerating.
At the same time, Canada’s job market is showing signs of slack. Higher unemployment and moderating wage growth suggest the economy is not overheating. This combination of easing inflation pressures and a softer labour market explains why the Bank of Canada is expected to stay on hold — with no urgency to cut rates, but also little justification to raise them.
For borrowers, this environment creates opportunity. Fewer rate surprises mean more time to plan — whether you’re approaching a renewal, considering a refinance, or preparing to buy. The focus now isn’t on predicting the next move, but on structuring the right mortgage strategy for your goals.
In a calmer rate environment, preparation matters more — and the right advice can make all the difference. Contact us at 1.866.452.1100 to speak to an expert about your financing needs.
