Tried and True July Newsletter

Alex Leite
Aug 3, 2022
1 min read

Monthly Newsletter

"The big concern with raising interest rates too much, too fast is that..."

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A table displaying the December 2026 interest rate forecasts from the six major Canadian banks. BMO, CIBC, RBC, and TD Bank forecast a 2.25% Bank of Canada rate, while National Bank and Scotiabank forecast 2.75%. The table also includes 5-year bond yield forecasts for 2026 and notes explaining the interest rate premiums banks add to market yields.

2026 Interest Rate Forecast - 6 Major Canadian Banks

As of early 2026, Canada’s economic landscape is at a pivotal crossroads, with the "Big Six" banks offering diverging visions for the year ahead. While the current Bank of Canada rate sits at 2.25%, the financial sector is split on whether we have reached the bottom of the cooling cycle. Leading institutions like BMO, RBC, and TD anticipate stability at the 2.25% mark through December 2026; however, Scotiabank and National Bank are signalling a shift, forecasting a climb back

Alex Leite

Jan 72 min read

Professional couple with young children in a bright, modern living room looking at a laptop showing the 2026 Home Buyers’ Plan Guide. Text on screen highlights how to withdraw $60,000 from an RRSP tax-free for a first home down payment in Canada.

The 2026 Home Buyers’ Plan Guide: How to Withdraw $60,000 from Your RRSP Tax-Free

Looking to buy your first home in 2026? The updated Home Buyers’ Plan (HBP) now allows professionals to withdraw up to $60,000 from their RRSP tax-free. By stacking this with the First Home Savings Account (FHSA), couples can access over $120,000 for a down payment. This 2026 framework provides a 15-year interest-free repayment period, making it easier for families to move from starter homes to forever homes without draining their cash flow.

Alex Leite

Jan 283 min read

Smiling young Canadian couple standing proudly in front of a modern beige detached home in an Ontario suburb during golden hour sunset. The man (dark hair, beard, olive shirt) and woman (long brown hair, light dress) hold up house keys toward the camera. A semi-transparent shield overlay with a maple leaf reads "Mortgage Default Insurance" in the sky above the house, creating a welcoming homeownership vibe.

What Is Mortgage Default Insurance in Canada? (And Why You Need It with Less Than 20% Down)

Learn what mortgage default insurance (aka CMHC insurance) is in Canada and why it's mandatory when your down payment is less than 20%. This one-time premium (typically 2.8%–4.0% of your mortgage, plus 13% HST in Ontario) protects lenders if you default, letting first-time buyers enter the market with as little as 5% down. Learn minimum down payment rules, costs by LTV ratio, pros/cons, and 2026 updates, such as 30-year amortizations for new builds/first-timers.

Alex Leite

Jan 193 min read

905 546 7399‬ - Aaron Porcaro

289 925 4829 - Alex Leite

aaron@triedandtruemortgages.ca

alex@triedandtruemortgages.ca

Tried and True July Newsletter

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2026 Interest Rate Forecast - 6 Major Canadian Banks

The 2026 Home Buyers’ Plan Guide: How to Withdraw $60,000 from Your RRSP Tax-Free

What Is Mortgage Default Insurance in Canada? (And Why You Need It with Less Than 20% Down)

905 546 7399‬ - Aaron Porcaro 289 925 4829 - Alex Leite aaron@triedandtruemortgages.ca alex@triedandtruemortgages.ca

Comments

2026 Interest Rate Forecast - 6 Major Canadian Banks

The 2026 Home Buyers’ Plan Guide: How to Withdraw $60,000 from Your RRSP Tax-Free

What Is Mortgage Default Insurance in Canada? (And Why You Need It with Less Than 20% Down)

905 546 7399‬ - Aaron Porcaro

289 925 4829 - Alex Leite

aaron@triedandtruemortgages.ca

alex@triedandtruemortgages.ca