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Interest Rate Update: What It Means for Your Mortgage Strategy

As of June 2025, the Bank of Canada has decided to hold its key interest rate steady—a move that affects millions of Canadians managing variable- or fixed-rate mortgages. What this decision means and how you can respond strategically, especially if you're nearing a renewal or considering refinancing.


No Rate Drop — Yet. What Should You Do?


While the central bank has not moved rates this month, waiting for further reductions may not be the wisest strategy. The current rate is 2.75%, unchanged as of June 4, 2025. With interest rates near the bottom of the cycle and fixed rates being repriced daily based on fluctuating bond markets, delaying a decision could lead to missed opportunities. The smarter move for many is to lock in now to gain financial certainty in an otherwise unpredictable environment.


Mortgage Renewals: The Time for Strategy


65% of mortgage activity right now is made up of renewals , and many Canadians are missing out on the opportunity to consolidate debt and restructure effectively. According to Angela, the biggest mistake people make at renewal time is not reviewing their entire financial picture.


Her team regularly saves clients $500 to $2,000 per month by consolidating outside debts like car loans, credit cards, and lines of credit into a new mortgage. This kind of restructuring improves cash flow and helps clients qualify for future property purchases or simply reduce stress without changing jobs or moving homes.


Real-Life Impact: How Liz Saved Over $2,300 a Month


Liz from Nanaimo, for example. Retired and facing a complex debt situation, including two mortgages, a car loan, and credit cards. She reached out to the Angela Calla Mortgage Team. The result? Her mortgage was restructured, consolidating her debts and reducing her monthly payments by $2,375. That has been life-changing for her. Her experience reflects a growing reality.


Many Canadians are carrying outside debt with high interest rates, often without realizing that a smart mortgage strategy could wipe out thousands in unnecessary payments.


For Investors: Flexibility and Long-Term Strategy


Even savvy investors like Sean, who owns rental properties, are seeing huge benefits from mortgage restructuring. Angela’s team helped him break an old mortgage early without penalty and save $500 a month , and tailored the mortgage to a long-term plan.


The Takeaway: Act Now, Don’t Wait for ‘Someday’


Whether you're a homeowner, investor, or someone nearing renewal, Angela emphasizes one thing: procrastination costs money. “People say, ‘I’m waiting for a bonus or a lump sum.’ But what can you guarantee in the next 30 days? The one thing you can control is locking in savings now.”


In an uncertain economy, smart mortgage planning is one of the most powerful tools you have to stabilize your finances, reduce stress, and invest in your future.


Don’t wait! Reach out to Angela Calla Mortgage Team today.


We offer our services at no cost to you. Visit Angelacalla.ca to learn more information.


Start saving smarter. Reach out at 604-802-3983 or email callateam@countoncalla.ca to explore your options.


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An update of Interest Rates at the bottom line of the cycle, locking in savings now up to $2,000/month


Angela Calla is a mortgage renewal and debt elimination expert with over 20 years of industry experience. She is also a multi-award-winning mortgage professional. Since beginning as a mortgage broker in 2004, Angela has helped thousands of Canadians optimize their mortgage strategies, eliminate debt, and build wealth through real estate.


She is the best-selling author of The Mortgage Code, which equips readers with the tools to make informed financial decisions. Additionally, she is the host of Canada’s longest-running finance radio show on CKNW, where she simplifies mortgage advice and empowers listeners to take control of their financial futures.


Angela has been recognized as Business Leader of the Year (2020) by the Tri-Cities Chamber of Commerce and Entrepreneur of the Year (2019) by the City of Port Coquitlam. She is also a sought-after speaker and educator, delivering accredited training for real estate boards across Greater Vancouver.


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