Found 2 blog entries tagged as interest rates.

As 2025 begins, many Calgary homeowners are approaching their mortgage renewal date - and with fluctuating interest rates, this decision can have a big impact on your monthly budget and long-term financial goals.

Whether your term ends this spring or later in the year, it’s important to prepare early. Here’s what you need to know to lock in the best rate and maximize your savings during your next mortgage renewal in Calgary.

1. Start Shopping Around Early

Don’t wait until your lender sends a renewal notice - usually, that comes just 3–4 weeks before your term expires.
Instead, start comparing rates 120 days (about 4 months) before renewal. Many lenders offer rate holds for that time period, protecting you if rates rise.

Even if you plan to…

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The Bank of Canada has held the overnight interest rate at 2.75%, with the Bank Rate remaining at 3.00%.
This decision reflects ongoing uncertainty tied to U.S. tariffs, global trade tensions, and their impact on the Canadian economy.

Global Economic Outlook 2025

  • U.S. economic growth slowed in early 2025, though the labour market remains resilient.

  • The Eurozone posted modest gains, while China offset export losses to the U.S. with gains in other markets.

  • Oil prices remain stable; global equity markets are strong; and the Canadian dollar has strengthened against a weakening U.S. dollar.

  • Global GDP growth is forecasted to slow to 2.5% by the end of 2025, with a projected rebound to ~3% in 2026–27.

Canadian…

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