July 30 - 2025 - Bank of Canada holds policy rate at 2.75%
July 30, 2025 | Posted by: Kelly Lukens - Trusted Red Deer Mortgage Broker
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. While some elements of US trade policy have started to become m ...
read moreUnderstanding the Red Deer, Alberta Housing Market: A Look at the CMHC June 2025 Report
July 28, 2025 | Posted by: Kelly Lukens - Trusted Red Deer Mortgage Broker
The Canadian Mortgage and Housing Corporation (CMHC) has recently released their housing statistics for June 2025. These findings offer valuable insights into the current state of the Red Deer, Albert ...
read moreMortgage Payments Are Easing - But Renewal Stress Hits Home in Red Deer
July 17, 2025 | Posted by: Kelly Lukens - Trusted Red Deer Mortgage Broker
It feels like a collective exhale here in Red Deer. After two years of rapid interest‑rate hikes, the Bank of Canada has paused and trimmed its policy rate, helping many local homeowners see month ...
read moreMid-Summer 2025 Red Deer Housing Check-Up – 5 Mortgage Moves as Listings Rise and Rates Cool
July 8, 2025 | Posted by: Kelly Lukens - Trusted Red Deer Mortgage Broker
Mid-Summer 2025 Red Deer Housing Check-Up, 5 Mortgage Moves as Listings Rise and BoC Eyes a July Rate Trim Between Westerner Days and evenings at Bower Ponds, most Central Albertans would rather ta ...
read moreBank of Canada June Rate Hold: Mortgage Strategy 2025
June 23, 2025 | Posted by: Kelly Lukens - Trusted Red Deer Mortgage Broker
Why the June Rate Hold Matters On June 4 2025, the Bank of Canada (BoC) left its overnight rate unchanged at 2.75 % for the fourth meeting in a row (Source: Bank of Canada press release, June 4 2025) ...
read moreWhy the Bank of Canada’s Rate Pause Isn’t a Green Light for Cheap Mortgages in Red Deer
June 9, 2025 | Posted by: Kelly Lukens - Trusted Red Deer Mortgage Broker
If you've been waiting for interest rates to drop before locking in a mortgage, you're not alone. On June 5, 2025, the Bank of Canada (BoC) decided to hold its overnight lending rate at 4.75%, marking ...
read moreJune 4-2025 - Bank of Canada holds policy rate at 2.75%
June 4, 2025 | Posted by: Kelly Lukens - Trusted Red Deer Mortgage Broker
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. Since the April Monetary Policy Report, the US administration h ...
read moreMortgage Renewals in 2025: Navigating Payment Increases Amid Rising Rates
May 17, 2025 | Posted by: Kelly Lukens - Trusted Red Deer Mortgage Broker
If you're among the thousands of Canadian homeowners with a mortgage renewal coming up in 2025, you might already be concerned about what rising interest rates could mean for your monthly payments. Du ...
read moreMortgage Renewals in Early 2025 – Where Might Rates End Up?
May 4, 2025 | Posted by: Kelly Lukens - Trusted Red Deer Mortgage Broker
A friendly guide for Canadian homeowners who are about to renegotiate one of the biggest contracts of their lives. Introduction - Why Everyone Is Talking About 2025 Renewals If your mortgage is co ...
read moreApril 16 - 2025 - Bank of Canada holds policy rate at 2.75%
April 16, 2025 | Posted by: Kelly Lukens - Trusted Red Deer Mortgage Broker
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The major shift in direction of US trade policy a ...
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