| |
| |
Welcome to the Better Mortgage Select monthly newsletter – July 2025 edition. Brought to you by Daniel Patton, Michael Zanzini, Lorenzo Podda, and our President, Dave Butler.
| |
| |
| |
| |
Fixed mortgage rates in Canada are on the verge of spiking. And yes — some of us may look back and wonder if we should’ve locked-in back in early April, when for a very short time, 3.99% for a 5-year fixed was available at about half the major banks. But is this really the start of a new rate uptrend — or is it the final squeeze before bond yields and interest rates begin what could be a slow multi-year descent? There’s no doubt the bottom for fixed rates is in for now. As shown clearly on the 5-year Government of Canada bond yield chart, the lows are behind us — and the market has shifted.
| |
| |
| |
| |
But should you panic? Are we heading back to 2022? Absolutely not.
| |
| |
Just look around — everyday Canadians are adjusting. Everyone’s having to work a little harder and think a little smarter with their money just to stay ahead. And the reality is this: by the end of 2026, not one Canadian will still hold a bank-issued 5-year fixed mortgage under 2%. By summer 2027, fewer than 0.01% of Canadians will be locked in below 3%.
More disposable income will get redirected toward servicing large mortgages taken out in 2021 and 2022 — which means spending will keep slowing, and our economy will keep feeling the pressure. The Bank of Canada knows this. And at some point, they’ll have no choice but to return to their strongest tool: rate cuts. Though this next cycle likely won’t be sharp or steep, it is coming.
| |
| |
| |
So, When Will That Start?
| |
| |
Core inflation, as expected, has once again proven to be persistent. In this morning’s CPI report, while headline inflation is coming in under target, core inflation remains elevated at 3%, still hovering around the Bank of Canada’s danger zone. And unfortunately, they’re likely to stick to their playbook — showing extreme caution in the face of sustained 3%+ core inflation trends. Barring a significant shift in data, we believe core inflation will remain elevated for at least the next 3–4 months, which brings us into Q4 before serious policy change can be considered. That means it's time for all of us to shift into strategic mode — and follow the right rules for the rest of 2025.
| |
| |
| |
Mortgage Advice for Summer & Fall 2025
| |
| |
1. Buying a Home? Lock in a 120-day fixed-rate preapproval now. Even though the Bank of Canada controls variable rates, fixed mortgage rates are driven by the bond market, which trades globally every second. Protect yourself from volatility by locking in a rate while you shop, with no obligation to the lender. 2. On a Variable Rate?
Hold the line! If you've stayed variable this long without locking in, that patience could pay off. There's no financial market in Canada betting on variable rate hikes in 2025, so you’re essentially free-rolling until the end of the year. When cuts do begin, you’ll be in a prime position to jump on fixed rates at potentially even lower levels. 3. Signed a 3-Year Fixed Mortgage in 2022 or 2023?
Contact us right away. If you haven’t had one of our BM Select agents run a comparative analysis to see how much you can save with today’s lower intertest rates, than you may be, literally, leaving thousands of dollars on the table.
Check out the video below, and let our very own Lorenzo Podda show you:
| |
| |
| |
| |
4. Renewal Coming in 6 to 12 Months?
Now’s the time to start planning. We're not suggesting you break your current mortgage early, but we do want to prepare you for renewal, advise you of what options are available and strategize around the payment shock. Of all the times to take a mortgage renewal seriously in the last 20 years, this is it. | |
| |
Short-Term Pain for Long-Term Gain?
That’s the feeling right now. 2025 gave us a taste of sub-4% mortgage rates — but we may need to wait until sometime in 2026 (or even later) to see that range again in full force. And that’s okay.
Our financial mantra for the rest of this year is simple: Hold tight. Stay calm. Be ready.
Turbulence may still be ahead, but we’re confident that the destination remains the same — it’s just arriving later than hoped. | |
| |
| |
| |
| |
If you’re a real estate investor looking to not just survive but thrive in today’s tougher market conditions — you’ll want to stay tuned. We’re getting ready to roll out BM Select’s exclusive Investor Edge Toolkit. We’ve developed a suite of high-performance mortgage programs to help you scale your real estate business smarter, faster, and more profitably. From financing construction of additional units, rental portfolio optimization, to Airbnb-specific lending, condo conversion financing, and our guaranteed lowest rates for rental properties compared to any mortgage broker in Canada — this is creative financing, engineered in-house by our team of experts. We’ll be unveiling The BM Select Investor Edge officially in August — along with a revamped and interactive new website – and we’ll showcasing each custom-designed Investor Edge program.
| |
| |
| |
| |
Want early access before launch?
Email us at info@bmselect.ca with the subject line INVESTOR EDGE and we’ll set up a time for you to chat with your BM Select mortgage broker and get exclusive early access.
| |
| |
| |
| |
The stats don’t lie; more refinance mortgages are getting approved this year compared to the last two years and we all know why: lower interest rates. Almost daily, we are lowering one of our clients’ overall monthly obligations with basic math and know-how. Converting higher interest debt to lower interest and lower payments can have a tremendous impact on your bottom line.
But don’t just take it from us — here’s what real clients are saying after refinancing through Better Mortgage Select this year: “Game changer! Completing this refinance through your office has flipped my monthly budget from a small shortfall to having an extra $700 each month. I can finally start saving again, like I used to before COVID”.
“Thank you, Daniel and BM Select! My wife and I live on a pension, and everything just costs more these days. We kept turning to lines of credit and credit cards to get by. This refinance brought our monthly budget back in line — and our peace of mind with it”.
“I can’t say enough about you guys. You advised me to take a 1-year fixed last year and hold off for lower rates — and now my refinance is done, the credit card debt is gone, and I don’t have to think about a mortgage renewal until 2030. Huge thanks to Mike, Marko, and Amanda”. Don’t let the banks or credit card companies stay one step ahead. If there's a way to save you money — we’ll find it. No tricks. No gimmicks. Just straight math.
CLICK HERE to see how to unlock the savings!
or
WATCH our very own Daniel Patton explain how it works:
| |
| |
| |
| |
| |
| |
Daniel Patton recently joined Gary Hibbert and Quentin D’Souza on the Real Talk with Gary Podcast to discuss mortgage trends, interest rates, inflation, and his personal journey into the industry. It was an insightful conversation packed with value for both new and seasoned investors.
Click here to listen to the full podcast!
| |
| |
| |
| |
| |
| |
Our very own Broker and Operations Manager, Lorenzo Podda, was recently on the Two Stewards podcast talking about our new BM Select Investor Edge product line up, and how it will change the game for real estate investors. Thank you to Brent and Mark for having us on! We look forward to doing it again!
Click here to listen to the full podcast!
| |
| |
| |
| |
| |
| |
Daniel Patton was out and about at Tim Hortons where he had a great chat with Andy Tran, founder of Suite Additions, about new strategies for investors looking to add garden suites or second units. With more municipalities opening the door to multi-unit conversions, now’s a great time to explore how your property can work harder for you.
| |
| |
| |
| |
| |
| |
Daniel Patton, Lorenzo Podda and Michael Zanzini recently attended a Smart Home Choice networking event alongside Gary Hibbert, Darlene Hibbert, Quentin D’Souza, Kathryn Almeida, Karen Mejia and Chris Hummel. It was a fantastic evening of networking, idea-sharing, and collaboration with some of the most engaged and inspiring voices in the real estate investment space.
| |
| |
| |
| |
| |
| |
| |
Just a friendly reminder to come visit us on our socials, where we put out a ton of videos with tips and information to help you navigate the wild world of mortgages! Check out the links below and give us a follow! | |
| |
| |
| |
| |
| |
| |
| |
As always, if you have any questions or want to do some mortgage planning, feel free to reach out to us at: info@bmselect.ca | |
| |
_(003).png){kind=spacer}