Canada’s prime rate fell to 3.45% today for the first time since July 2018. This is good news for floating-rate...
Some mortgage borrowers' confidence in variable rates may be tested as the Bank of Canada's overnight target rate starts its inevitable climb upwards, perhaps as early as this week.
While rates have been steadily climbing for variable mortgages, fixed mortgage rates have been moving in the opposite direction.
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.
Despite interest rates potentially being at or near a peak, borrowers aren't betting on rate cuts anytime soon.
As some second-guess the “variable-rate advantage,” we’ll hear more people asking things like, “Is it too late to lock in?”
The Globe and Mail‘s Editorial Board tread into controversial territory recently by saying Canada’s “bonkers” housing market is making the...
High interest rates have applied the brakes to Canada's mortgage market, which saw growth slow to a 22-year low in September.
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 popularity of variable-rate mortgages is continuing to fall and is now nearly at levels last seen prior to the pandemic in early 2020.