Fast Rates

📊 Fixed vs. Variable in 2025: What to Expect (Part 2/2)

💡 As of March 2025, the Bank of Canada’s policy rate is 2.75% and might decrease—but nothing is guaranteed.
Here’s what that means for you ⬇️

🔹 Variable-Rate Mortgage Holders
Your rate = Prime ± lender adjustment.
E.g., If Prime is 6% and your rate is Prime - 0.50%, your rate = 5.50%.

📌 If you have:

— Fixed Payment Variable Mortgage → More goes to principal when rates drop.
— Adjustable Payment Variable Mortgage → Your monthly payment decreases when rates fall.

🔹 Fixed-Rate Mortgage Holders
Your payments don’t change, even if rates drop. That’s the trade-off: stability vs. flexibility.

⚠️ Risks to keep in mind

• Fixed rates may be higher—plus, penalties apply if you want to switch.
• Variable rates can go up, increasing your cost—or trigger a lump sum payment.

🤔 So, which is better?

It depends on your risk tolerance, goals, and budget.
Want a pro to help you decide? 📲 Call, text, or DM me anytime. I’ll walk you through it with zero pressure.

Alexander Gasenko - your trusted Toronto & GTA mortgage broker. Silver Leaf Financial Group Inc. Lic #13415 DM me for expert mortgage advice! 📩💼

📉 Canada’s Inflation Cools in March 🇨🇦

The annual inflation rate in Canada dropped to 2.3% in March 2025, down from 2.6% in February — surprising many who expected it to hold steady. This marks a key step in the Bank of Canada’s plan to normalize inflation after temporary GST/HST breaks ended last month.

🔻 What’s Driving the Drop?

Gas prices reversed course with a -1.6% dip (vs +5.1% in Feb), thanks to falling crude oil prices after OPEC+ announced increased output.

Transportation inflation slowed to 1.2% (from 3%).

Cell phone plans got cheaper too — down a steep 8.8%!

🍽️ But not all prices are falling: With the tax breaks gone, food prices surged to 3.2% (up from 1.3%), especially in restaurants.

Overall, prices ticked up just 0.3% from February — a sign that inflation pressures may be easing.

📊 Source: Statistics Canada

Alexander Gasenko - your trusted Toronto & GTA mortgage broker. Silver Leaf Financial Group Inc. Lic #13415 DM me for expert mortgage advice! 📩💼

I keep seeing the same few mortgage mistakes over and over — and the craziest part is, most buyers don’t even realize they’re making them. Some of these slip-ups can quietly cost you tens of thousands. I just posted a video walking through the biggest ones I’m seeing right now — and more importantly, how to avoid them.

If you’re thinking about buying, give it a watch: https://youtu.be/01GDoDhZ5BM

Curious to hear if any of these surprise you. And if you have questions after, just reach out.

Buying a Home in Canada? Avoid These 5 EXPENSIVE Mortgage Mistakes! Buying a home in Canada? Don't let common mortgage mistakes cost you thousands or derail your dream! In this essential video, we reveal the 5 CRITICAL errors...