Labour Day in Canada marks a well-earned break celebrating workers and the unofficial end of summer, when everyone suddenly remembers all the things they meant to do in August.
It’s the last big excuse for barbecues, lake trips, and squeezing in one more summer adventure before routines and school schedules take over again.
Stores and sidewalks feel a little calmer, while patios and parks get their final big rush of summer energy and “just one more weekend” vibes.
Happy Labour Day! Wishing you a relaxed, fun-filled long weekend with good food, no alarms, and maximum enjoyment before fall shows up uninvited.
Category: Latest Posts
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Happy Labour Day!
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Canada’s Affordability Streak Hits 10 Quarters
Mortgage rate relief was no longer expected to support affordability, shifting attention to home prices and income growth as the main drivers ahead.
Over the next year, economists expected mortgage rates to stay steady or edge higher, making future affordability progress more reliant on price moderation.
Slower population growth was expected to limit housing demand and help contain prices, while an improving labour market was seen supporting household income.
Client conversations across Canada remain highly market-specific, with Vancouver and Toronto differing fundamentally from Calgary and Edmonton for buyers and sellers today.
An improving labour market was expected to support household incomes, though economists warned affordability gains would narrow without sustained moderation in home prices. -
CIBC Mortgage Rates 2026
CIBC, one of Canada's Big Six Banks, manages over $975.7 billion in assets and holds about $265 billion in Canadian residential mortgages. It offers fixed and variable-rate mortgages, special programs for newcomers and foreign workers, and a home equity line of credit. Special offers include cash back incentives and low introductory rates. Mortgage options vary by term length, rate type, and flexibility, with prepayment privileges and rate holds available. Applicants need proof of income, ID, and down payment.
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Manulife Bank Grows Mortgages in Q2
A Canadian bank’s mortgage portfolio reached $28.7B by Q2’s end, residential lending led gains, with balances ↑~12% yearly, ↑~4% quarterly, and ↑~6% since 2025 ended.
Including other client loans, the total net lending portfolio reached $31.75B, ↑~13% yearly, while avg. loans and mortgages also reached $31.1B in Q2.
Credit quality stayed stable: non-performing residential mortgages totaled $55M at Late-Q2’s end, still <0.2% of the residential portfolio measured at amortized cost.
Higher-risk Stage 2 residential mortgages eased to $1.27B from $1.38B, while the parent company said credit-loss provisioning stayed largely steady in Q2 overall.
The parent company posted $2.11B net income and $1.92B core earnings, but its Canada segment’s net income ↓~22% on claims and expenses. -
Inflation climbs, home sales rise: what it all means for Canadian borrowers
Canada's inflation rose to 3% due to higher oil prices, but the Bank of Canada is expected to hold interest rates steady next month. Variable mortgage rates likely remain stable, while fixed rates face uncertainty. Home sales and prices are rising, signaling a positive housing market outlook. A potential US-Canada trade deal and reduced tariff threats could boost market confidence and encourage more homebuyers, especially first-timers.
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RBC Mortgage Rates
As someone who’s spent close to a decade guiding clients through their mortgage options, I know how important it is to understand changes in rates and what they mean for your financial plans. RBC’s prime rate currently sits at 4.45%, which directly impacts variable-rate mortgages, credit cards, and lines of credit. While fixed rates remain steady, variable rates will move with the prime rate—but offer the flexibility to switch without penalties. Qualifying for better rates often comes down to strong credit, a larger down payment, and keeping debt low. My approach is always to provide clear, strategic guidance so you can make choices that support your long-term financial goals.
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Not ready to downsize? How a reverse mortgage can buy you time
If you’re not quite ready to downsize but want to ease financial pressure, a reverse mortgage might offer the breathing room you need. These loans let homeowners unlock their home equity without the burden of monthly payments, which can significantly improve cash flow and help maintain independence for longer. There are important considerations to keep in mind, like costs and interest that accumulate over time. In my experience, the key is understanding all the details so you can make the choice that fits your long-term goals. I’m committed to walking clients through options like these with clarity, transparency, and a focus on your financial future.
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