
Interest Rates
The latest in interest rate movements, developing trends and future rate expectations. We regularly monitor bond yields and the impact on fixed mortgage rates, and well as Bank of Canada guidance and market forecasts on where variable rates are headed.


Mortgage Digest: Fixed mortgage rates keep falling, but variable-rate pricing is on the rise
Spring mortgage season is bringing better fixed-rate deals, but not all borrowers are seeing relief. While lenders continue trimming fixed rates, discounts on variable rates are shrinking.

Mortgage rate war heats up as big banks slash rates — “The spring market starts now”: Butler
Big banks are slashing mortgage rates in a heated battle for market share as the spring homebuying season kicks off.

Three big banks cut mortgage rates this week, one drops 5-year fixed to 3.99%
Following dramatic swings in the bond market—and broader economic uncertainty sparked by President Donald Trump’s tariff threats—three of Canada’s big banks have slashed their fixed mortgage rates this week.

A variable-rate mortgage could save borrowers over $6,000 on their next term: BMO
Variable mortgage rates are looking increasingly attractive compared to fixed rates, with the potential for significant savings, according to new research from BMO Economics.

BMO forecasts 1.50% BoC rate by year-end if U.S. imposes tariffs on Canada
Canada received a temporary reprieve from U.S. tariffs for at least 30 days, but if enacted, BMO warns the Bank of Canada may be forced to cut its policy rate to 1.50% by year-end.

Canadian fixed mortgage rates are dropping as U.S. tariffs shake markets
Canada’s 5-year bond yield has fallen to its lowest level since June 2022, following fresh concerns over economic uncertainty and global trade tensions.

Bank of Canada cut will prompt lower variable mortgage rate costs: Ratehub
Experts say homeowners with variable mortgage rates will benefit from lower monthly payments after the Bank of Canada’s latest cut to its key policy rate.

Whiplash in Canada’s bond market signals rate roller-coaster ahead, experts say
When it comes to predicting mortgage rates, the only thing Canada’s mortgage experts are certain of right now is that nothing is certain.

Bank of Canada rate hikes in 2026? National Bank thinks so.
Just when Canadians thought Bank of Canada rate hikes were behind us, one major bank is now forecasting their return as early as next year.