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Better Mortgage Select Presents: Breaking Interest Rate News - Brought to you by Daniel Patton, Michael Zanzini, Lorenzo Podda, and our President, Dave Butler.
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While the decision itself was widely expected, what matters most is why — and more importantly, what it means for you going forward.
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Why the Bank of Canada is Standing Still
Right now, the Bank of Canada is navigating one of the more complex environments we’ve seen in years.
On one hand:
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- Inflation remains close enough to target to avoid panic (for now)
- Unemployment is showing signs of strain
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- Global uncertainty — particularly tied to the U.S.– Iran conflict — is putting upward pressure on oil prices
- Higher oil = higher inflation risk
- And that alone limits the bank’s ability to cut rates further
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What This Means for Mortgage Rates
Variable Rates (Bank of Canada-driven):
Remain the most stable option in the current environment.
With the Bank sidelined for now, we expect minimal movement in the short-to-medium term for variable rates unless something materially changes.
Fixed Rates (Bond market-driven):
This is where things are more dynamic.
Right now, fixed rates are being heavily influenced by:
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- Global bond market reactions
- Geopolitical developments
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When oil pushes higher → bond yields tend to rise → fixed rates feel upward pressure.
When oil settles → yields ease → fixed rates can improve.
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The Big Picture (What We’re Watching)
At the moment, Canadian interest rate direction is being shaped less by domestic policy… and more by global events.
Key factors we’re monitoring closely:
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- Developments in the Middle East (and impact on oil/inflation)
- Upcoming Canada–U.S. trade discussions
- Inflation trends through the spring and early summer
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Any meaningful shift in those areas could influence whether the Bank of Canada:
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- Holds their position longer
- Or stays sidelined entirely
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Our Strategy for Our Clients
There is no “one-size-fits-all” answer right now — and that’s important.
Every recommendation we make is based on:
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That said, in today’s environment:
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- Variable rates are currently offering stability
- Fixed rates require more active timing and monitoring
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This is a strategy market, not a “set it and forget it” market.
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Want to Make Sure You’re Positioned Properly?
If you’d like us to review your current mortgage or upcoming plans and map out the best strategy for the months ahead:
👉 Reply to this email with the subject line: MORTGAGE REVIEW
We’ll take a look at your situation and give you clear, tailored direction based on where things stand today.
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As always — we’ll continue to keep you one step ahead as the data and global landscape evolve.
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We still have a few $25 gift cards left to give away!
Last week, we launched a Google Review Giveaway with the goal of giving away $2,500 to 100 of our past clients who share their honest feedback about our company.
If you haven’t left a review yet, now’s your chance to earn an easy $25. Once your review is posted, we’ll send you an Amazon gift card—it’s that simple.
After posting your review, please take a screenshot of your review and email it to info@bmselect.ca | |
Once we've received your email confirmation and your review is live, we'll send you a $25 Amazon gift card as a thank you for doing business with us and providing your experience. Simple! | |
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Just a friendly reminder to come visit us on our socials, where we put out a ton of videos with tips and information to help you navigate the wild world of mortgages! Check out the links below and give us a follow! | |
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As always, if you have any questions or want to do some mortgage planning, feel free to reach out to us at: info@bmselect.ca | |
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