canadian mortgage rates Archives - Mortgage Rates & Mortgage Broker News in Canada

Getting the lowest mortgage rates in a high interest rate world

April 18, 2024 No Comments

Mortgage shopping isn’t getting much easier these days. The highly anticipated interest rate cuts so many have been banking on this year keep getting pushed back, while borrowers lost an aggressive rate advertiser after HSBC Canada was taken over by RBC.

Fixed mortgage rates expected to surge as bond yields reach 15-year high

September 22, 2023 2 Comments

Fixed mortgage rates could surge higher in the coming week after Government of Canada bond yields—which lead fixed mortgage rates—shot up to a 16-year-high.

Latest in mortgage news: More education needed on mortgage rates, survey shows

August 17, 2023 No Comments

When it comes to understanding mortgage rates and their impact on monthly payments, many Canadian borrowers have room for improvement.

Fixed mortgage rates rise as bond yields near 4 percent

Fixed mortgage rates keep rising, and could continue as bond yields near 4%

July 7, 2023 No Comments

Bond yields ended the week higher, flirting with a key technical level of 4% following the release of overall strong employment data in both Canada and the U.S.

Popularity of variable-rate mortgages plummets to pre-pandemic levels

June 20, 2023 No Comments

The popularity of variable-rate mortgages is continuing to fall and is now nearly at levels last seen prior to the pandemic in early 2020.

Variable-rate borrowers brace for higher mortgage payments as prime rate reaches 22-year high

June 9, 2023 No Comments

Variable-rate borrowers will see their interest cost on their next mortgage payment rise as banks and other financial institutions have lifted their prime rates to a 22-year high of 6.95%.

Fixed-rate mortgage popularity in canada

Nearly 40% of homebuyers choosing short-term fixed-rate mortgages: CMHC

May 26, 2023 No Comments

With an expectation that interest rates will fall in the coming years, nearly one in four new homebuyers and those renewing are choosing fixed-rate mortgages with terms under three years.

The big question on mortgage borrowers’ minds: fixed or variable?

February 13, 2023 No Comments

With variable mortgage rates potentially at a peak and fixed rates having recently retreated, borrowers are asking themselves the age old mortgage question: should you go fixed or variable?