Outline Financial

Prices are down. Rates are down. That means you need less for your down payment, less income to qualify since you'll need a smaller mortgage, lower monthly mortgage payments, and you'll have more options to choose from.

Connect with an Outline Advisor specializing in cottage financing at [email protected]

Wonder if building a laneway is the right move for you? Swipe through for some FAQs and get in touch with an Outline Advisor to learn more ✅

As widely anticipated, on June 10, 2026 the maintained its at 2.25%, the fifth consecutive hold since the last cut in October 2025. Prime rate remains at 4.45%.

Why The Hold? Governor Macklem stated: “Economic weakness combined with rising inflation is a dilemma for monetary policy. Raising rates to dampen inflation could further slow the economy. Easing rates to support growth increases the risk that higher inflation becomes persistent. For now, holding the policy rate unchanged balances those risks.”

Rate Path Forward: With uncertainty at “unusually elevated” levels, the Bank of Canada signalled multiple paths forward. Macklem stated:

- The case for lower rates: “If the United States imposes significant new trade restrictions on Canada, we may need to cut the policy rate further to support economic growth.”
- The case for higher rates: “…if the conflict in the Middle East continues and higher energy prices start leading to ongoing generalized inflation…there may be a need for consecutive increases in the policy rate.”

What This Means for Mortgages: With the Bank of Canada on hold for now, variable-rate holders won't see any immediate changes to their payments. As fixed rates tend to track bond yields, which move regularly in response to changes in rate expectations, yields have been extremely volatile over the past 4 months. Given the unusual push-and-pull between weak economic growth and rising inflation risk, now is a particularly important time to review your mortgage strategy or look at securing a rate hold. If rates go up, you are protected; if rates come down, you may still benefit from the lower rate.

Questions about your ? Contact for a personalized analysis.

You already know how to buy a home, but buying your next home? That can be a different challenge entirely. There's an existing mortgage to navigate, equity to unlock, two transactions to coordinate, and a market that may have shifted since the last time you bought.

The good news: the current may be one of the best windows for move-up buyers in years. Our new info guide is tailored for repeat and outlines what matters most:

- Why the math works in a down market (the price gap has shrunk across all property types)
- 7 financing strategies every repeat buyer should know
- Sell first or buy first? A clear decision framework
- Closing costs, rebates, and Ontario-specific tax considerations for repeat buyers

Interested? Contact us today for your own copy!