3 Jun

Should I Lock into a Fixed Rate? Mortgage Strategy for Summer 2025

Latest News

Posted by: Murali Raveendran

🧨 “Mission Impossible”: The BoC’s Balancing Act

This week’s Toronto Star headline couldn’t say it better—Bank of Canada Governor Tiff Macklem is in a tough spot. The central bank has a dual challenge:

  • Inflation pressures are creeping back up

  • A potential tariff-induced economic slowdown is looming

Tariffs from the U.S., slower global trade, and weak business confidence are starting to take a toll. While GDP grew 2.2% in Q1, experts say that was likely driven by businesses rushing to beat the tariffs. Things could slow sharply in the months ahead.

Some economists believe the Bank should resume rate cuts now to protect the economy. Others caution that cutting too soon could reignite inflation.

So what does this mean for you?


If You Have a Variable Rate:

Hold steady.
There are no signs of a variable rate increase in the short term. And if the Bank of Canada cuts rates in July—as some economists predict—you could see some payment relief.


Should You Lock into a Fixed Rate Now?

Probably not. Fixed rates have recently gone up, so locking in today could mean capturing a peak—then missing out if rates fall later this summer.


A Smarter Strategy:

Wait until July–August.
If the BoC cuts rates and bond yields ease, we could see more competitive fixed rates again.

Watch for bond yields dropping below 2.7%—that’s often a signal fixed rates will follow.


So, When Should You Lock In?

Only if:

  • You need predictable payments

  • You’re very risk-averse

  • Or you believe inflation could spike again


The Bank of Canada may be facing its “Mission Impossible,” but you don’t have to. Let’s take a measured, strategic approach.

Have questions? I’m always here to help you navigate the right move.

DM me or book a quick call.

16 May

Canadians Are Still Spending—And That Says More About Us Than the Economy

Latest News

Posted by: Murali Raveendran

There’s something quiet but telling about a home just after winter. The snow has melted, the light shifts, and you start to see what’s been hiding underneath—cracks in the pavement, a fence that needs tightening, maybe even a project you’ve been putting off. It’s not just about the house. It’s about the shift in us, too.

This April, even though Canadian consumer sentiment was scraping the bottom of the barrel, we chose to keep going. According to RBC’s latest spending tracker, Canadian cardholders didn’t just keep up—they spent more. Against the backdrop of economic doubt, we leaned into living. We booked dinners. We fixed up our spaces. We chose art, experiences, and groceries that brought people together. That’s not just spending. That’s hope in motion.

What the Numbers Say

Let’s break it down:

  • Overall spending rose 2% from March.

  • Discretionary spending—things like dining, entertainment, and home goods—increased by 2.5%.

  • Essential spending (groceries, fuel, etc.) also saw a 1.6% rebound, despite a dip in gas spending due to the April 1 carbon tax roll-off.

  • Travel spending dipped by 1.9%, as many Canadians opted to stay closer to home.

In short? Canadians are still buying—but they’re choosing what matters.

The Home at the Heart of It

For homeowners and soon-to-be homeowners, these choices are even more meaningful.

Take British Columbia, for example. The province saw a 3.1% jump in spending, led by household and construction-related purchases—likely tied to a rebound in the renovation and home improvement sectors. After a tough economic stretch for construction, this recovery signals a renewed investment in spaces that offer more than shelter—they offer a sense of control, comfort, and future.

Saskatchewan saw a 5.8% jump, while smaller provinces like P.E.I. and Newfoundland saw minor dips, though RBC notes these can often be chalked up to monthly fluctuations and sample size limitations.

The bigger message? Canadians across the country are making intentional decisions, even in uncertainty. And those decisions often circle back to one thing: home.

Why This Matters for You

If you’re a homebuyer wondering whether now is the right time to make your move, or a homeowner debating whether to upgrade or refinance, here’s the key takeaway: confidence doesn’t always show up in headlines—it shows up in action.

People aren’t waiting for everything to be perfect. They’re moving forward when it makes sense for them—emotionally, financially, and personally.

And that’s the real signal here. Despite low consumer confidence numbers in March and April, Canadians aren’t frozen in place. They’re adapting. They’re spending in categories that bring meaning—like home life, community, and creativity—even while pulling back in others like travel.

It’s not recklessness. It’s resilience.

Your Next Step Doesn’t Need to Be Huge

Whether it’s finally starting that renovation project, revisiting your mortgage to improve cash flow, or deciding it’s time to stop renting and start planting roots—this is your sign to take the next step.

Because the data isn’t just telling a story about money. It’s telling a story about people who still believe in what’s possible.

6 May

Why Homebuyers Are Still Hesitating—Even With Good News

Latest News

Posted by: Murali Raveendran

It’s 2025, and mortgage rates are finally dropping. Headlines everywhere say it’s a “buyer’s market.” So why does it still feel hard to move forward with confidence?

If you’ve been sitting on the sidelines, unsure whether to buy, you’re not alone. Even though the numbers are improving, the feeling of the market hasn’t caught up. Here’s why—and what it really means.


1. Rate Cuts Were Supposed to Be the Big Fix—But Weren’t

When interest rates started to fall, many expected the housing market to bounce right back. But it didn’t.

Why? Because buyers aren’t just looking at rates. They’re dealing with:

  • Wage growth that hasn’t kept up with inflation

  • A sense of whiplash from years of market volatility

  • The fear of making a major decision in uncertain times

The takeaway: lower rates are helpful, but trust takes time to rebuild.


2. The “New Frontier” Is Out West

Cities like Calgary, Edmonton, and Regina are seeing more action than Toronto and Vancouver. Why?

Because they represent something deeper than affordability:

  • Breathing room

  • Opportunity

  • A fresh start

For many Canadians, these places symbolize a break from the pressure and hustle of high-cost cities—and a chance to live life on their own terms.


3. Bigger Forces Are Still Making Buyers Nervous

Even with good news at home, global uncertainty remains:

  • Trade tensions

  • Rising inflation expectations

  • Economic slowdowns in other parts of the world

These act like a shadow in the background—making people wonder: What if I buy now and things get worse later?


So, What Can You Do?

The key is to separate emotion from strategy. While fear is valid, it’s also important to look at:

  • Your personal affordability

  • Local market conditions

  • Long-term goals

A home isn’t just a financial decision—it’s a life one. And the right time to buy isn’t when the market says “go”—it’s when your life does.