In Canada, we often think interest rates are only affected by what the Bank of Canada does. But right now, international headlines and politics, especially from south of the border, are sending shockwaves through our bond market.

Talk of renewed tariffs from Donald Trump has created enough uncertainty that bond traders are expecting higher inflation. That expectation is already showing up in lender pricing, with fixed mortgage rates edging up.

Continue reading or watch my video for more details:

What It Means for Buyers

Higher inflation makes rate cuts less likely. While some economists were expecting the Bank of Canada to continue cutting rates in 2025, there’s now talk that we might not see another cut this year, or even in 2026.

If you’re house hunting or up for renewal soon, you might want to lock in a rate sooner rather than later.

Planning Ahead

Markets can shift quickly, especially during election years and times of unstable politics in the U.S. If you’re unsure how these changes might impact your budget or approval, I’m happy to walk you through it.

Whether you are preparing to buy your first home or thinking about making a move, if you’re looking to get pre-approved for a mortgage in Edmonton, fill out my online application. I’m here to help you every step of the way.

About Jason Scott, Edmonton Mortgage Broker

Looking for a personalized mortgage solution? As an Edmonton Mortgage Associate, I’m trusted partner who will help you get the right mortgage for your home or investment property. I’m Jason Scott, and I’ll be your Mortgage Broker in Edmonton.