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Mortgage Minute
The forces moving Canadian mortgage rates, in sixty seconds, and what they mean for your clients.
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Michael Friedman
Mortgage Broker · Dominion Lending Centres – A Better Way
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On My Radar
The Bank of Canada held its policy rate at 2.25% on June 10, citing oil-driven inflation from the Middle East. Worth noting for clients weighing fixed vs. variable in the next few weeks.
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Why these matter: Government of Canada bond yields are the main input lenders use to price fixed mortgages, so fixed rates tend to track them over time.
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Current Rate Ranges
Variable to 5-Year Fixed
3.44% – 4.69%
There are thousands of unique combinations of loan types, terms, and lender programs; a buyer’s exact rate is customized to their specific situation. The daily Rate Ranges give you a reliable baseline, but we always run the actual scenario to give your clients an honest, precise, personalized quote.
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Implied Probabilities (BoC)
Next meeting
Jul 15, 2026
Odds of move: 11%
Implied move: -25 bps
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Following meeting
Sep 2, 2026
Odds of move: 1%
Implied move: -25 bps
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Market-implied chances of a Bank of Canada rate move at the next two scheduled meetings, with the implied change in basis points. Derived from overnight index swap pricing. As of July 7, 2026.
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Collaborative Marketing Resources
The Upsizer Smart Move Campaign
A ready-to-run client campaign for move-up buyers: a five-email sequence plus supporting pieces that walk a homeowner through the move-up decision — the idea, the math, a client story, and a soft introduction to mortgage planning. Built for you to deploy to your own database, end to end.
Click here to learn more →
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Michael Friedman, Mortgage Broker (Lic. #088907), Dominion Lending Centres – A Better Way. Licensed in BC and Alberta.
604-657-1684 · michael@michaelfriedmanamp.com · michaelfriedmanamp.com
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