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.
Rate cut showdown: 25 or 50 bps? Economists split on Bank of Canada’s next move
Strong employment results for September have tempered Bank of Canada rate cut expectations for later this month.
Weeks of cuts give way to mortgage rate hikes as U.S. job numbers soar
While everyone has been enjoying some amazing fall weather, the temperature isn’t the only thing heating up.
Mortgage rate war intensifies as rates dip below 4%
A fierce rate-cutting battle is underway, with experts now calling it a full-blown mortgage rate war.
Is breaking your mortgage for a lower rate worth the prepayment penalty?
As interest rates continue to drop, borrowers might wonder if they should renegotiate their fixed-rate mortgage. But at what cost?
Variable mortgage rates regaining traction as Bank of Canada cuts rates
The decision by the Bank of Canada to cut its key interest rate target this week was good news for borrowers with variable-rate mortgages, bringing back some of the shine for the once popular loans.
Some banks rethinking strategy on home mortgage competition
Some Canadian banks say they’re starting to question how aggressively they go after mortgage customers amid intense competition.
Interest rate cut welcome news for homeowners with variable-rate mortgages: experts
Real estate experts say the Bank of Canada’s third consecutive interest rate cut is welcome news for variable-rate mortgage holders, but it could still be some time before significant demand returns to the market.
The Big Banks are slashing their interest rate forecasts
The extreme volatility experienced in global financial markets over the past week is having an immediate impact on Canadian interest rate forecasts—they’re falling like autumn leaves in a gusty wind.
Fixed mortgage rates are falling again. Here’s why
Canadian lenders are cutting fixed mortgage rates following a drop in bond yields. But what’s behind these latest moves?