MMG Mortgages

Congratulations to our broker of the quarter Jessica Yip!

Jess has had an outstanding quarter, consistently delivering exceptional results while providing an incredible experience for her clients and referral partners. Her professionalism, dedication, and commitment to excellence continue to set the bar high. The confidence and ease with which she approaches her mortgage business is a huge part of what continues to make her a rising star. Congratulations, Jessica, on an amazing first half of 2026.

The Bank of Canada held its overnight lending rate at 2.25% today, marking the fifth consecutive rate hold as policymakers continue to balance economic uncertainty with inflation concerns.

While Canada's economy has softened in recent months, inflation remains above the Bank's 2% target, driven in part by higher energy prices and ongoing global uncertainty. For now, the Bank is taking a cautious approach, choosing to wait for more economic data before making any changes to interest rates.

For borrowers, today's announcement means no immediate change to variable-rate mortgages or lines of credit. Fixed rates will continue to be influenced more by bond market movements and broader economic conditions.

As always, whether you're buying, renewing, or refinancing, having a mortgage strategy tailored to your goals is more important than trying to predict the next rate move.

Have questions about how today's announcement impacts you? We're here to help.