Kevin MacGregor

Sr. Mortgage Planner @ INDI Mortgage. Calgary, Alberta

[Kevin MacGregor @mortgageguyYYC]

This morning, the Bank of Canada announced a 25-basis-point reduction to its target for the overnight rate, bringing it down to 2.5%. This move was made in response to a weakening Canadian economy and a more stable outlook for inflation.
Here’s a quick breakdown of what led to this decision:
•Slowing Economy: Canada's GDP declined in the second quarter, largely as expected, with tariffs and trade uncertainty weighing heavily on economic activity.
•Weak Labour Market: Employment has been on the decline for the past two months, and the unemployment rate hit a four-year high of 7.1% in August.
•Inflation is in Check: While core inflation has been around 3%, the Bank noted that monthly momentum has dissipated. The recent decision by the federal government to remove most retaliatory tariffs on US goods also reduces future upward pressure on prices.
The Bank is focused on supporting economic growth while ensuring inflation remains controlled. This rate cut is a significant development that can help provide much-needed relief to households through lower borrowing costs.

[Kevin MacGregor @mortgageguyYYC]

Two Rate Cuts on the Horizon? 

The Latest Inflation Data Fuels Optimism.

This week's economic data brought some good news for the housing market. The latest report from Capital Economics showed that headline inflation fell to 1.7% in July, a promising sign that the Bank of Canada's actions are working prices. This softer inflation data, particularly the significant drop in the three-month annualized rate to 2.4%, is providing the central bank with more comfort and reinforces our view that we are on a path toward lower interest rates.

While there are still some signs of slow economic activity and weak business confidence, the overall trend of easing price pressures is the big story. This new data keeps the possibility of two interest rate cuts on the table for later this year.

[Kevin MacGregor @mortgageguyYYC]

Here's a quick look at the latest in the mortgage market:

Fixed Rates Under Pressure: We're seeing continued pressure on fixed mortgage rates. As you know, elevated bond yields have been impacting pricing, leading lenders across the country to steadily increase rates on various terms. Keep this in mind as you're advising clients, and be sure to check for the latest pricing.

Variable Rates Holding Steady (For Now): On the variable-rate side, the Bank of Canada is expected to hold its policy rate at 2.75% for now. The Bank is weighing slowing economic growth against ongoing inflation risks. While some forecasters believe we could see one or two more rate cuts in the future, the policy rate isn't expected to drop below 2.25% unless inflation eases significantly.
As always, stay informed on these shifts to provide the best advice to your clients!
Source: Oxford Economics

[Kevin MacGregor @mortgageguyYYC]

📢 Rate Update: No Change (But That Doesn’t Mean No Action!)

As expected, the Bank of Canada held its key rate at 2.75%. But behind the scenes, the mortgage world is shifting:

🔍 Quick Hits:
• Fixed rates are creeping up again
• Core inflation is still too high for comfort
• Home sales are improving in some areas = possible price jumps in the fall
• Trade uncertainty continues to stir the pot

💡 What You Can Do:
✅ Renewing soon? Lock in a rate now to protect against future hikes
✅ Thinking of buying? A pre-approval gives you rate security while you shop
✅ Want flexibility? Short-term fixed can keep your options open
✅ Waiting for rate cuts? Be careful—markets move faster than you think

📅 Next Bank of Canada rate announcement: Sept 17, 2025

🏡 Bottom line: In a volatile market, the right mortgage strategy can save you thousands. Let’s make sure you’re set up for success.
📞 Book a call today!

#MortgageTips #BankofCanada #MortgageRenewal #RateHold #CanadianRealEstate #MortgageBroker #FirstTimeBuyer #HomeownershipJourney

[Danielle Smith @ABDanielleSmith]

Prime Minister- Canadians don’t believe this.

Your carbon tax is crippling us, making everything more expensive. The cost of fuel, less food in the shopping cart, and extra fees on our utility bills…

Even your own Parliamentary Budget Officer confirms that this tax will devastate Canada’s economy, costing billions and pushing families further into hardship.

This tax needs to go.

[Kevin MacGregor @mortgageguyYYC]

@WeAreCanProud E

[Canada Proud @WeAreCanProud]

Must have been a fast bike!

[Sarah Fischer @SarahFischer__]

Canadians and Conservatives have known about the Trudeau government buying the media, but it’s nice to see him finally admit it…even if he does think it’s a laughing matter.

[Pierre Poilievre @PierrePoilievre]

I repeatedly warned about Trudeau's inflationary deficits more than 2 years ago.

Half a trillion dollars of inflationary deficits means more $$ bidding up the cost of everything.

That #JustinFlation means you will keep paying more to carry a mortgage, eat, and gas up your car.

[Alexis von Hoensbroech @AHoensbroech]

Vaccine mandate for air travellers and employees needs to be dropped. As vaccines are not preventing the spreading of the virus since #omicron, there is no more logic to maintain it. This will also relax some of the operational challenges at the airports

https://t.co/HGUX7XW1kB

[Kevin MacGregor @mortgageguyYYC]

CMHC announced changes to its mortgage insurance underwriting and acceptance policies. Find out what you will qualify for now: https://t.co/v7EPUGXe6e
Book me here to discuss the impact on your home buying decision. https://t.co/n8tdkeJY2n

[Kevin MacGregor @mortgageguyYYC]

Are you confused with all the mortgage rule changes? Find out now what you qualify for here and now: https://t.co/RM029jl0HA

[Kevin MacGregor @mortgageguyYYC]

In these times, the advice is important, and it's free. Please visit my profile to book a free no-obligation review of your mortgage now. You may be able to save with current low rates. With many Banks closed during these times, we are open with extended hours.

[Kevin MacGregor @mortgageguyYYC]

Home is where the heart is. Even in those edgy times, remember what is most important to you Family, Friends and Food! The home is the foundation of every family.
#calgaryrealty#debtpayoff#mortgage#lowrate#albertarealestate#calgarymortgagebroker#mortgagerenewal#calgarymortgage

[Kevin MacGregor @mortgageguyYYC]

Working from home is great for avoiding #covid19, it is actually making me a Fun Guy!
#calgaryrealy#lowrate#mortgages#refinance#newconstruction#okotoksrealestate#buyingahome#calgarymortgagebroker#havechoices#mortgagerenewal#calgarymortgages#airdriemortgages#YYCmortgages

[Kevin MacGregor @mortgageguyYYC]

Thank you for doing what you do #yyc#Heros
#calgaryrealestate#bestinbusiness#debt#mortgage#lowrate#severallenders#mortgages#refinance#newconstruction#buyingahome#albertarealestate#calgarymortgagebroker#calgarymortgages#airdriemortgages#YYCmortgages#coronavirus#toughtimes

[Kevin MacGregor @mortgageguyYYC]

Phone lines are open to chat on your mortgage questions, no obligation. To book a call to discuss your mortgage options in the current times, click here: https://t.co/D5vWW6Wlcv
Evening and Saturday times are available based on your schedule. How can I help you?

[Kevin MacGregor @mortgageguyYYC]

Here's a neat piece of lending rate nostalgia, prime loans have always been a better option than fixed over time. This is true since over 50% of mortgages are broken or refinanced by 3.5 yrs into the term. A Variable or Adjustable rate mortgage limits your penalty to 3 mons %

[Kevin MacGregor @mortgageguyYYC]

Why Are Mortgage Rates Rising? https://t.co/5BwbgSUpqw #calgaryrealestate#debtconsolidation#mortgage#lowrate#severallenders#mortgages#mortgagebroker#newconstruction#buyingahome#calgarymortgagebroker#mortgagerenewal#calgarymortgages#airdriemortgages#YYCmortgages#consolidatedebt

[Erin O'Toole @erinotoole]

Why is this only happening now?