Mercedes Burgwal - Mortgage Broker

Mercedes Burgwal || August 12, 2025

July’s weak jobs report unlikely to sway Bank of Canada’s next move

Canada’s labour market stumbled in July, losing 41,000 jobs, wiping out nearly half of June’s surprising gains. The unemployment rate held at 6.9%, but mostly because fewer people were looking for...

Mercedes Burgwal || August 01, 2025

What the Bank of Canada’s latest outlook means for interest rates

The Bank of Canada held its benchmark interest rate at 2.75% this week, marking its third straight hold in the current rate-cutting cycle. While the decision itself was widely expected, the...

Mercedes Burgwal || July 17, 2025

Home sales continue recovery in June, but price growth still subdued

Canada’s housing market posted another month of gains in June, with home sales rising 2.8% month-over-month, building on the 3.6% increase seen in May. The gains were driven largely...

Mercedes Burgwal || July 11, 2025

Job growth surprises in June. Will it delay another BoC rate cut?

Canada’s labour market showed unexpected strength in June, adding 83,000 jobs—marking the first monthly employment increase since January. The national unemployment rate edged down to 6.9%, reversing...