Canada is in a decreasing rate environment — interest rates are dropping, and we’re now seeing fixed rates under 4% available on CMHC-insured deals. And there’s more good news: Variable rates are expected to drop even further, especially with the next Bank of Canada meeting scheduled for April 16, 2025.

With so many options and changes happening quickly, it’s crucial to get expert advice. As a mortgage brokerage, Lotus Loans & Mortgages is here to help borrowers navigate these opportunities and choose the product that suits their financial goals best.

If you or some you know is presently in the mortgage market, reach out to us at Lotus Loans & Mortgages so we may relay options and know we will do our best to provide the very best rates available!