18 Mar

Bank of Canada March 2026 rate announcement Slug: bank-of-canada-march-2026-rate-announcement

Latest News

Posted by: Charlotte Ferguson

Bank of Canada Holds Interest Rates in March 2026 — What This Means for Your Mortgage

The latest Bank of Canada rate announcement is in—and as of March 18, 2026, the overnight lending rate remains unchanged at 2.25%.

While this may seem like a non-event, this decision carries important implications for mortgage rates in Canada, refinancing strategies, and home buying decisions.

Let’s break down what’s really happening—and what it means for you.

📊 Why the Bank of Canada Held Rates Steady

The Bank of Canada’s primary goal is to maintain price stability, targeting 2% inflation. While inflation has cooled compared to previous years, it hasn’t fully settled.

Key factors influencing today’s decision:

1. Inflation Is Still a Concern

Even though inflation is closer to target, it remains sensitive to global pressures—especially energy prices.

2. Rising Oil Prices

Ongoing geopolitical tensions have pushed oil prices higher, which can quickly feed into inflation through transportation and goods.

3. Economic Slowdown Signals

Canada’s economy is showing signs of slowing:

  • Consumer spending is softening

  • Business investment is cautious

  • Employment growth is moderating

👉 Holding rates allows the Bank to avoid overcorrecting while monitoring these trends.

🧠 What This Means for Interest Rates in Canada

If you’re watching Canadian mortgage rates, here’s the real takeaway:

  • The rate environment is stable—but not settled

  • The Bank is not ready to cut rates yet

  • Future decisions will depend heavily on inflation data

This creates what we call a “holding pattern market”—where timing and strategy matter more than ever.

🏡 Impact on Variable Rate Mortgages

If you currently have a variable rate mortgage:

✔️ No immediate payment changes
✔️ Prime rate remains unchanged
✔️ Short-term stability continues

However, this doesn’t guarantee long-term stability. If inflation rises again, rate increases could return.

🔒 Impact on Fixed Mortgage Rates

Fixed rates aren’t directly set by the Bank of Canada—they’re influenced by the bond market.

Right now:

  • Bond yields are fluctuating based on inflation expectations

  • Fixed rates may move independently of today’s announcement

👉 This is why fixed-rate strategy requires careful timing.

🔄 What This Means for Refinancing in 2026

If you’re considering a mortgage refinance in Canada, this rate hold creates opportunity:

  • You have time to evaluate options without urgency

  • You can restructure debt while rates are stable

  • You can access equity before potential future rate increases

This is especially relevant for homeowners:

  • Looking to consolidate debt

  • Planning renovations

  • Trying to improve monthly cash flow

🏠 What Home Buyers Should Know

If you’re planning to purchase:

✔️ Borrowing costs remain predictable
✔️ Qualification rates remain stable
✔️ Less volatility = better planning

But keep in mind—if rates rise later in 2026, affordability could shift quickly.

🔮 Mortgage Rate Forecast Canada 2026

Looking ahead, here’s what many economists are watching:

  • Short-term: Continued rate holds likely

  • Mid-2026: Potential for rate increases if inflation rebounds

  • Rate cuts: Possible, but not expected immediately

👉 The Bank of Canada is clearly signaling caution.

💬 My Take on the March 2026 Rate Announcement

This isn’t just a pause—it’s a strategic hold.

The Bank of Canada is waiting for clearer signals before making its next move, and that creates a window of opportunity for homeowners and buyers.

If you’re:

  • Renewing your mortgage

  • Considering refinancing

  • Trying to decide between fixed vs variable

This is the time to build a plan—not wait for headlines to change.

📲 Let’s Talk Strategy

Charlotte Ferguson
Level 2 Mortgage Agent (M08009211)
DLC National Ltd #12360 – Guiding Star Mortgage Group
📞 519-575-1804 | ✉️ cferguson@dominionlending.ca
🌐 www.mortgagewithchar.com | 💬 @mortgagewithchar

17 Mar

General

Posted by: Charlotte Ferguson

🦸‍♀️ “Your Mortgage Could Be Your Secret Superpower”

Let’s face it—most people think of their mortgage as a giant monthly bill:

😬 Stressful. Overwhelming. Never-ending.

But here’s the twist: your mortgage doesn’t have to be a burden. In fact, if you approach it strategically, it can actually be a tool that works for you. Think of it as a financial superpower waiting to be activated.

💡 How Refinancing Unlocks Your Superpower

Refinancing isn’t just about chasing a lower rate—it’s about creating flexibility, freedom, and financial control. Here’s what a smart refinance can do:

  1. Free up cash for renovations
    Want a dream kitchen or a home office? Refinancing can give you access to your home equity, helping fund your goals without high-interest credit cards.

  2. Consolidate high-interest debt
    If you’re juggling credit cards or personal loans, a refinance could roll those balances into a single, lower-interest payment. More manageable, less stressful, and better for your credit score.

  3. Create monthly breathing room
    By adjusting your mortgage structure, you can potentially reduce monthly payments—giving you extra cash for savings, investments, or simply enjoying life.

  4. Increase long-term financial flexibility
    Accessing equity and restructuring your mortgage can set you up for bigger opportunities down the road, like renovations, investments, or even helping family financially.

🏡 Why This Matters Now

Interest rates, the housing market, and inflation are always shifting. Many homeowners feel like they’re at the mercy of the Bank of Canada. But refinancing gives you control over your payments and a path to financial peace of mind.

Even if you didn’t originate your mortgage with me, you can still explore options—refinancing is open to everyone. And for more tips and insights, check out my All-In-One Mortgage Hub.

🎯 Smart Tips for Using Your Mortgage as a Superpower

  • Know your goals – Do you want lower payments, access to cash, or debt consolidation? Your refinance strategy should match your priorities.

  • Compare rates and terms – Fixed vs. variable, 3-year vs. 5-year… small differences can have a big impact over time.

  • Think long-term – Refinancing isn’t a one-off—it’s a tool you can use strategically over the life of your mortgage.

  • Work with a professional – A licensed mortgage agent can help you structure a plan that fits your life and goals.

💡 Pro tip: check out my All-In-One Mortgage Hub for tools, guides, and resources to help you make the smartest mortgage moves.

⚡ Real-Life Example

A client recently came to me feeling overwhelmed: high payments, multiple debts, and a tight monthly budget.

By restructuring her mortgage and consolidating her debts:

  • She freed up $500/month

  • Reduced stress and simplified finances

  • Funded a small renovation she’d been putting off

Her “monthly monster” turned into a financial superhero.

💬 Ready to Activate Your Superpower?

You don’t have to wait. Refinancing is more than just a lower rate—it’s a way to take control of your financial future.

📱 Text “POWER” to 519-575-1804 and we’ll explore your options—no pressure, just clarity.

17 Mar

If the Bank of Canada Is Living Rent-Free in Your Head… Read This

General

Posted by: Charlotte Ferguson

😴 “If the Bank of Canada Is Living Rent-Free in Your Head… Read This”

Be honest…

How many times have you checked for rate updates lately?
Once a week? Once a day? At 2am? 👀

If the Bank of Canada has you feeling like you’re in a situationship with interest rates…
we should talk.

😅 You’re Not Imagining It

Rate uncertainty has been exhausting.

And if you’re in a variable mortgage, you’ve probably felt:

  • Payment increases

  • More going to interest

  • Less going to principal

  • A general sense of “WHAT is happening?!”

💡 Here’s the Good News

You may not have to keep riding the wave.

There are options to:

  • Lock into a fixed rate

  • Stabilize your monthly payments

  • Create predictability (aka… sleep better)

🧠 It’s Not About Timing the Market

It’s about:

Choosing a strategy that lets you breathe again.

Because peace of mind?
That matters just as much as rate.

🔒 Lock It In (If It Makes Sense)

If you’ve been waiting and watching…
this might be your moment to explore locking in.

Not forever.
Just for now.

💬 Let’s Run the Numbers

No pressure, no commitment—just clarity.

Your All-in-One Mortgage Hub has the solutions you need.

17 Mar

💳 “Stop Letting Your Credit Cards Bully You”

General

Posted by: Charlotte Ferguson

💳 “Stop Letting Your Credit Cards Bully You”

Let’s be honest…
If your credit cards could talk, they’d probably be a little toxic.

“Minimum payment accepted 😌”
Meanwhile charging you 19–29% interest behind your back.

Not exactly a healthy relationship.

Here’s the thing:

If you’re carrying balances on credit cards, lines of credit, or loans—
you’re not alone. And more importantly… you’re not stuck.

💡 There’s another way

Your home may be able to help you clean this up.

By using your home equity, you could:

  • Consolidate high-interest debt into one payment

  • Potentially lower your overall interest rate

  • Free up monthly cash flow

  • Actually start making progress (instead of spinning your wheels)

🚨 Reality Check

Making minimum payments on high-interest debt is like:

Trying to empty a bathtub… while the tap is still running.

🧠 A Smarter Strategy

A mortgage refinance isn’t just about rates—it’s about resetting your financial situation.

Less chaos.
More control.
Way less stress.

💬 Let’s Talk About Your Options

You don’t have to keep juggling payments every month.

📱 Text “REVIEW” to 519-575-1804
or send me a message and we’ll take a look together—no pressure, just options.

Check out your All-in-One Mortgage Hub

12 Mar

A Day in the Life of Charlotte: From 6AM Fitness Classes to Mortgage Solutions

General

Posted by: Charlotte Ferguson

Most people picture a mortgage broker starting their day with emails and paperwork.

My day actually starts a little earlier than that.

6:00 AM: Teaching Fitness Before the World Wakes Up

Several mornings a week, you’ll find me teaching fitness classes at 6am.

While most people are still hitting the snooze button, the studio is full of early risers getting their workout in before the day begins.

It’s one of my favourite ways to start the day. Not only does it get the energy going, but it also sets the tone for everything that comes next. There’s something powerful about starting the day by helping people feel strong and accomplished before they even head to work.

7:30 AM: Tea and Planning the Day

After class, it’s time for a cup of tea and a quick review of what the day ahead looks like.

Mortgage files, client calls, lender updates, and strategy sessions all start lining up on the calendar. I’ll check messages and emails to make sure any client questions from overnight are answered quickly.

Buying or refinancing a home can feel stressful, so I try to make sure people never feel like they’re waiting too long for answers.

Mid-Morning: Mortgage Strategy

A big part of my day is reviewing client applications and structuring mortgage files.

Every situation is different.

Some clients are first-time buyers navigating the process for the first time. Others may be refinancing to improve cash flow or access equity for renovations or investments.

This is where experience really matters. After more than 17 years in the mortgage industry, I’ve learned how to structure files to give clients the best possible options.

Sometimes it genuinely feels like solving a puzzle.

Afternoon: Conversations with Lenders

Another important part of the day is working with lenders.

Each lender has different guidelines, programs, and specialties. Matching the right lender to the right client can make a huge difference in approval success and mortgage flexibility.

Behind every approval, there’s usually quite a bit of strategy and communication happening behind the scenes.

Late Afternoon: Client Conversations

Later in the day is when many client conversations happen.

People are finishing work, reviewing numbers, or starting to think seriously about buying a home or refinancing their current mortgage.

Some calls are with first-time buyers who are excited but nervous. Others are with past clients who are planning their next move.

Helping someone understand their options and realize their goals are achievable is still one of the most rewarding parts of my job.

Evening: Wrapping Up the Day

Before the day ends, I’ll follow up on lender conditions, send client updates, and prepare for the next day’s priorities.

Mortgage work is about far more than numbers.

It’s about helping people move forward with confidence during some of the biggest financial decisions of their lives.

And it all starts bright and early.

Why I Love This Work

Teaching fitness in the morning and helping clients with mortgages during the day might seem like two different worlds.

But they actually have something in common.

Both are about helping people feel stronger, more confident, and supported as they work toward their goals.

And after more than 17 years in the mortgage industry, I still feel grateful every day that people trust me to help guide them through those decisions.

Charlotte Ferguson
Level 2 Mortgage Agent (M08009211)
DLC National Ltd #12360 – Guiding Star Mortgage Group

📞 519-575-1804
✉️ cferguson@dominionlending.ca
🌐 www.mortgagewithchar.com
💬 @mortgagewithchar