fixed or variable Archives - Mortgage Rates & Mortgage Broker News in Canada

Fixed vs. variable: Why variable-rate mortgages are making a comeback

February 11, 2025 No Comments

After the Bank of Canada’s latest rate reduction 5-year variable mortgage rates are now on par with their fixed-rate counterparts, raising the question: Is now the time to go variable?

Opinion: Are fixed mortgage rates poised to rise? Here’s why I think so.

April 3, 2024 1 Comment

It seems that the Canadian bond market has a spring in its step these days. After hitting a low around 3.26% in January, the Government of Canada 5-year bond yield—which typically leads fixed mortgage rates—finished Tuesday’s session at 3.63%.

Banks and lenders cut fixed mortgage rates

Big banks slash mortgage rates this week to reflect lower bond yields in Canada

January 12, 2024 No Comments

Nearly all of the country’s big banks slashed their advertised fixed mortgage rates this week, in some cases by as much as 70 basis points (or 0.70%).

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.

RBC and NBC are the latest big banks to hike fixed mortgage rates

June 2, 2023 No Comments

RBC and National Bank became the latest Big 6 banks to increase their posted fixed rates this week, following previous increases by BMO and CIBC.

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?

The fixed vs. variable mortgage rate decision

Fixed vs. variable: How not to lose this mortgage guessing game.

June 19, 2022 No Comments

As some second-guess the “variable-rate advantage,” we’ll hear more people asking things like, “Is it too late to lock in?”

Latest in Mortgage News: Rising Prices Spur Talk of Capital Gains Tax on Home Sales

March 23, 2021 1 Comment

The Globe and Mail‘s Editorial Board tread into controversial territory recently by saying Canada’s “bonkers” housing market is making the case for taxing capital gains

fixed or variable