Laracy & Associates

04/29/2026

On April 29, 2026, the Bank of Canada held its policy interest rate steady at 2.25% for the fourth consecutive decision, leaving Prime at 4.45%.

The decision comes amid continued geopolitical clashes, including conflict in the Middle East, which has sparked energy price volatility. The Bank continues to balance managing inflation, which has been affected by global supply pressures, while supporting the Canadian economy.

The next scheduled interest rate announcement is June 10, 2026.
Contact me with any questions you may have!
Mike

Follow Mike more tips: Mike Laracy Ontario Mortgage Specialist

On April 29, 2026, the Bank of Canada held its policy interest rate steady at 2.25% for the fourth consecutive decision, leaving Prime at 4.45%.

The decision comes amid continued geopolitical clashes, including conflict in the Middle East, which has sparked energy price volatility. The Bank continues to balance managing inflation, which has been affected by global supply pressures, while supporting the Canadian economy.

The next scheduled interest rate announcement is June 10, 2026.

Contact me with any questions you may have!
Mike

03/21/2026

Tax Season Reality Check: List your payments before you file!

Tax season has a way of showing the full picture—what came in, and where it went. Before you file, list every monthly payment: mortgage, car, credit cards, lines of credit, loans, and subscriptions. Most families are surprised by how many separate payments they’re carrying, which is why cash flow feels tight.

Once it’s on one page, we can talk about whether a simple paydown plan is enough—or whether consolidating into one structured payment is worth exploring.

DM me “payment list” and I’ll send a template + a quick ‘one payment vs many’ comparison framework.

Follow for more tips: Mike Laracy Ontario Mortgage Specialist

Tax Season Reality Check: List your payments before you file!

Tax season has a way of showing the full picture—what came in, and where it went. Before you file, list every monthly payment: mortgage, car, credit cards, lines of credit, loans, and subscriptions. Most families are surprised by how many separate payments they’re carrying, which is why cash flow feels tight.
Once it’s on one page, we can talk about whether a simple paydown plan is enough—or whether consolidating into one structured payment is worth exploring.

DM me “payment list” and I’ll send a template + a quick ‘one payment vs many’ comparison framework.

03/17/2026

📣NEW SERVICE: Mortgages

Now offering Mortgages under Laracy Lending Mortgages powered by Dominion Lending Centre National Ltd - Dominion Lending Centres is a national mortgage brokerage and leasing company with more than 2,000 members offering free expert advice across Canada - taking the hassles out of the mortgage process and simplifying your life.

Follow us here: Mike Laracy Ontario Mortgage Specialist

Mike Laracy, Laracy Lending Mortgages
Mortgage Specialist, License
P: 519-865-0451
E: [email protected]
Dominion Lending Centres National Ltd, License #12360
Independently Owned & Operated

03/02/2026

Mike Laracy Ontario Mortgage Specialist

Tax + Cash Flow Sunday Reset: 15 minutes today can save you hours later!

Grab a folder (paper or digital) and start dropping in your mortgage statement, property tax bill, donation receipts, and any rental notes if you have them. This is general information only, not tax advice—but being organized early makes filing smoother and makes it easier to have a useful mortgage conversation if cash flow feels tight. If helpful, I’ll send you the exact checklist I use with clients.

DM me “checklist” and I’ll send the homeowner tax + cash flow folder checklist.

02/27/2026

Happy Friday!
Friendly reminder that the RRSP deadline for 2026 is only 4 days away. March 2, 2026 is the deadline for contributing to an RRSP for the 2025 tax year.

Cheers, Mike

03/04/2025

Our phone lines are back up and running! We apologize for any inconvenience caused.

03/04/2025

Our phone lines are down. We are currently working on getting them back up.