Mortgage Broker | Sherwood Mortgage Group | 國粵語 | Your trusted mortgage guide since 1995.
Latest Information
Mortgage, Real Estate & Economic Updates
Big Six Banks Split on Bank of Canada Rate Outlook Through 2027
Canada’s Big Six banks are divided on the Bank of Canada rate outlook through 2027, creating uncertainty for homeowners choosing between fixed and variable mortgage rates at renewal time.
Ontario insolvencies rose 14% year over year in June, with consumer proposals representing most filings. Homeowners facing mortgage and debt pressure should review available financial options early, before missing payments.
GTA Housing Market Tightens as Listings Fall in July 2026
TRREB says sales now account for a larger share of listings, which could reduce buyers’ negotiating power. If this trend continues and economic confidence improves, home prices could begin stabilizing during the second half of 2026.
Variable Mortgage Rates Are Lower—but Is a Rate Hike Coming?
Variable mortgage rates remain below fixed rates, but markets see growing rate-hike risk. Learn why borrowers still favour variable mortgages and what to consider before choosing your next mortgage term.
With average prices settling at $1,058,658 and dropping inventory, stabilizing benchmark trends and steady buyer demand indicate that the GTA housing market is finding a floor for the second half of the year.
Bank of Canada Divided on Rate and Economic Outlook
Bank of Canada holds its policy rate at 2.25%, while Governing Council members differ on the economic recovery, inflation risks and what may come next for mortgage borrowers in Canada.