Bruno Valko Archives - Mortgage Rates & Mortgage Broker News in Canada

Lenders cut fixed mortgage rates in August

Fixed mortgage rates are falling again. Here’s why

August 1, 2024 No Comments

Canadian lenders are cutting fixed mortgage rates following a drop in bond yields. But what’s behind these latest moves?

Here’s why markets are betting on a Bank of Canada rate cut tomorrow

July 23, 2024 No Comments

Confidence is high that the Bank of Canada will deliver a second consecutive rate cut on Wednesday. Below, we look at some of the reasons why.

Bank of Canada rate cut grows more likely as retail sales slump

July 19, 2024 No Comments

Retail sales dropped in May as Canadians cut back on spending, with early estimates suggesting the decline continued into June.

U.S. inflation eased in June: Good news for Canadian mortgage shoppers

July 11, 2024 No Comments

U.S. financial markets got a boost today with a lower-than-expected inflation reading, marking the lowest level since May 2020.

Will rising unemployment hasten the Bank of Canada’s coming rate cuts?

July 5, 2024 No Comments

Canada’s labour market stumbled in June, with the unemployment rate rising to 6.4%, up from the previous month.

Canadian bond yields rebound sharply, sending some mortgage rates higher

July 2, 2024 No Comments

After being on a downward path for the past two months, Canadian bond yields have reversed course and are once again on the rise.

Are longer mortgage terms the solution to Canada’s payment shock challenges?

June 23, 2024 No Comments

Payment shocks at renewal due to shorter mortgage terms have become a growing concern. This has led some to question whether adopting longer mortgage terms would provide greater financial stability.

Banks and lenders cut fixed mortgage rates

Three big banks just slashed fixed mortgage rates: “Great news” for those facing renewal

June 18, 2024 No Comments

Lenders across the country, including three of Canada’s Big 6 banks, are once again busy slashing fixed mortgage rates—a welcome sign for those facing renewal in the coming months.

2024 rate-cut forecasts being revised following today’s mixed-bag jobs report

February 9, 2024 2 Comments

Today’s employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the year.

Fixed mortgage rates in Canada resume their decline amid economic volatility

February 3, 2024 No Comments

After a short-lived upswing in bond yields last month that nudged some fixed mortgage rates higher, lenders are once again bringing them back down.

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