Year-End Edition

Your Year-End Mortgage Checklist + What a Year It's Been

Hi there,

Quick rate update: on December 10th, the Bank of Canada held steady at 2.25%. The economy is showing signs of resilience — GDP grew 2.6% in Q3, unemployment dipped to 6.5% in November, and inflation is sitting at 2.2%. The BoC signaled they're comfortable where rates are for now, with most economists expecting stability heading into 2026.

This month: a year-end checklist, a look back at 2025's incredible rate journey, and a holiday thought.

Before 2025 wraps up, here are four smart moves to make before December 31st:

Not sure which of these apply to you? Call me — I'll walk through your situation in 15 minutes.

It's been quite a year for interest rates. Let me walk you through what happened and what it means heading into 2026.

What made 2025 unusual: the year started with cuts, paused through the spring and summer as U.S. tariffs and trade uncertainty dominated the headlines, then resumed cutting in the fall as the labour market softened and inflation came back to target. GDP contracted 1.5% in Q2 before bouncing back 2.6% in Q3. It was a volatile year — but the net result is that borrowing costs are dramatically lower than they were 18 months ago.

Looking ahead to 2026: most economists expect the BoC to hold at 2.25% for an extended period. The next decision is January 28th. Unless something unexpected happens with the economy or trade, rates should stay stable — which is great news for anyone buying, renewing, or refinancing in the new year.

This time of year, I think a lot about the conversations people avoid. The credit card bill that keeps growing. The mortgage renewal letter sitting unopened on the counter. The retirement worries that keep someone up at night.

Financial stress is one of the heaviest things people carry — and one of the things they're least likely to talk about, even with family.

So if you know someone who's dealing with any of that — even if they haven't said it out loud — one of the kindest things you can do is point them toward help. That might be a financial planner, an accountant, or someone like me who can look at their mortgage and see if there's a better path.

You don't need to solve it for them. Just say: "I know a guy — his name is Shawn, he helped me with my mortgage. Here's his number: 403-703-6847."

That 10-second conversation could change someone's year.

Merry Christmas and happy holidays from my family to yours. See you in 2026.

— Shawn

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