mortgage rate trends Archives - Mortgage Rates & Mortgage Broker News in Canada

Why Scotiabank thinks the Bank of Canada is done cutting rates

March 27, 2025 No Comments

While most of Canada’s Big 6 banks expect the Bank of Canada to deliver at least one more interest rate cut this year, Scotiabank is standing firm in its view that the central bank is already done.

Three big banks cut mortgage rates this week, one drops 5-year fixed to 3.99%

March 7, 2025 No Comments

Following dramatic swings in the bond market—and broader economic uncertainty sparked by President Donald Trump’s tariff threats—three of Canada’s big banks have slashed their fixed mortgage rates this week.

Whiplash in Canada’s bond market signals rate roller-coaster ahead, experts say

January 17, 2025 No Comments

When it comes to predicting mortgage rates, the only thing Canada’s mortgage experts are certain of right now is that nothing is certain.

60% of Canadian mortgage renewals to face higher rates by 2026: BoC

January 13, 2025 No Comments

Despite interest rates having fallen materially in 2024, recent data show that many Canadian homeowners could still face payment shocks when their mortgages renew.

2024 mortgage market: A year in review

December 31, 2024 No Comments

The past year marked a turning point for Canada’s housing and mortgage market, with rate hikes giving way to rate cuts, alongside numerous regulatory changes and new government program announcements.

Why three big banks raised fixed mortgage rates despite falling bond yields

December 2, 2024 2 Comments

Despite low bond yields, banks and other lenders are continuing to raise rates. We talked to several rate experts to understand why.

Trump’s win is already driving mortgage rate hikes in Canada

November 6, 2024 2 Comments

Markets around the globe jolted awake with an unexpected surge following Donald Trump’s U.S. election victory.

Weeks of cuts give way to mortgage rate hikes as U.S. job numbers soar

October 7, 2024 No Comments

While everyone has been enjoying some amazing fall weather, the temperature isn’t the only thing heating up.

Variable mortgage rates regaining traction as Bank of Canada cuts rates

September 5, 2024 No Comments

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.

Bank of Canada widely expected to extend its rate-cut streak on Wednesday

September 2, 2024 1 Comment

More rate relief is expected this week for those with variable-rate mortgages and lines of credit.

mortgage rate trends