Fuse Mortgage Inc.

Name: Fuse Mortgage Inc.
Address: Toronto, ON, CA
Telephone: +14164662417
Price range: $

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Canada
Toronto, ON
Fuse Mortgage Inc.

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11/02/2026

📢 BANK OF CANADA RATE INCREASE: WHAT DOES IT MEAN FOR YOUR MORTGAGE?

Last Wednesday, October 28, the Bank of Canada increased its overnight interest rate by 0.25%, from 2.25% to 2.50%.

As a result, most bank Prime rates have increased from 4.45% to 4.70%.

So, what does this mean for you?

🏡 Variable Rate Mortgages
• If you have an adjustable rate mortgage, your regular payments will increase.
• If you have a variable rate mortgage with fixed payments, more of your payment will go toward interest and less toward your principal, potentially extending your amortization.

📈 Fixed Mortgage Rates
• Fixed rates are influenced by bond yields rather than directly by the Bank of Canada’s overnight rate.
• With bond yields trending upward and inflation remaining a concern, fixed rates may continue to face upward pressure.

🔑 What Should You Do?
• Renewing in the next 12–18 months? It may be worth exploring your options early and whether securing a rate ahead of your renewal makes sense.
• Thinking about buying? Getting pre-approved and securing a rate hold can help protect you against potential rate increases while you shop.

While further rate increases are not guaranteed, it’s a good time to review your mortgage and make sure you have a plan in place.

Have questions about how this rate increase affects you? We’re always happy to help! Reach out anytime to discuss your options.

09/02/2026

🚨 BANK OF CANADA RATE ANNOUNCEMENT 🚨

The Bank of Canada has held its overnight rate at 2.25% - no change from the previous announcement.

So… what does that actually mean for your mortgage? 👇

🇨🇦 Canada’s economy is showing signs of recovery: Q2 GDP grew 3.3%, and housing activity has rebounded somewhat.

📈 But inflation is still a concern: CPI inflation has been hovering around 3%, largely driven by higher gasoline prices.

⚠️ And uncertainty remains high: ongoing geopolitical tensions, higher energy prices, and new US tariffs are creating additional risks for both inflation and economic growth.

For homeowners, the important thing to remember is that the Bank of Canada’s overnight rate isn’t the only factor that determines your mortgage rate.

Variable rates are directly impacted by changes to lenders’ prime rates, while fixed mortgage rates are influenced more heavily by the bond market and lender pricing.

And if you’re approaching a renewal, you don’t necessarily need to wait for the next Bank of Canada announcement to start exploring your options.

💬 Have questions about what today’s announcement means for your mortgage? Send us a message - we’re happy to help.

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04/29/2026

📊 Bank of Canada Rate Update – April

The Bank of Canada held its overnight rate at 2.25% today.

Inflation has recently ticked up to 2.4%, mainly due to higher gas prices, and may rise closer to 3% in the short term before easing back toward the 2% target next year.

Key highlights:

• Economic growth remains modest, with continued global uncertainty
• Canada’s labour market is soft, with unemployment around 6.5%–7%
• Housing and business investment are still being held back by affordability and uncertainty
• Growth is expected to gradually improve over the next few years

💡 What this means:
The Bank is staying cautious and data-driven. For now, rates are being held steady while they watch how inflation and global events evolve.

If you’re thinking about your mortgage, renewal, or borrowing strategy, it’s a good time to reassess your options.

Address

Toronto, ON

Telephone

+14164662417

Website

http://www.fusemortgage.ca/

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