fixed rate mortgages News and Articles | My Blog
Variable or short-term fixed mortgage? Where experts see the "sweet spot"
3/13/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest ... More
Rise in bond yields could send fixed mortgage rates higher, experts say
1/18/2024 | Posted in Mortgage Interest Rates by Paul DeAdder
This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say.
... MoreBig banks slash mortgage rates this week to reflect lower bond yields in Canada
1/12/2024 | Posted in Interest Rates by Paul DeAdder
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%).
... MoreBig banks and lenders slash mortgage rates in time for the holidays
12/21/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
Several of Canada’s big banks and numerous other lenders are offering a practical gift for borrowers this holiday season: lower mortgage rates.
... MoreNew mortgage activity slowing - but debt continues rising, says CMHC
11/9/2023 | Posted in Mortgages and Real Estate by Paul DeAdder
Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages ... More
Bond yields surge to new heights, mortgage rates expected to jump another 20 bps
10/4/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
Over the past two weeks, yields have risen by over 30 basis points, or 0.30%. Since bond yields typically lead fixed mortgage rate pricing, rates have been steadily on the ... More
Fixed mortgage rates expected to surge as bond yields reach 16-year high
9/22/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
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.
... MoreFixed rates back as top mortgage product of choice: National Bank
8/23/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon.
... MoreHow risky is it to extend Canadian mortgage amortizations?
6/27/2023 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada's record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over 30 years, helping to shield households from ... More
Another week, another rise in fixed mortgage rates. How high could they go?
6/24/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
Mortgage lenders, including most of the big banks, have continued to hike their fixed mortgage rates following the recent surge in Government of Canada bond yields, which are ... More
Fixed mortgage rates surge again, pushing rates under 5% to the brink
6/16/2023 | Posted in Mortgages and Real Estate by Paul DeAdder
Fixed mortgage rates are once again on the rise, with rates under 5% quickly becoming a distant memory.
... MorePrime rate reaches 22-year high of 6.95% and could rise further as rate-hike expectations grow
6/11/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
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 ... More
Demand grows in Canada for short-term fixed-rate mortgages
5/17/2023 | Posted in Home Buyers by Paul DeAdder
A string of aggressive interest rate hikes from the Bank of Canada is driving short-term fixed-rate mortgage demand higher, according to a new survey.
... MoreLenders - including some big banks -are hiking fixed mortgage rates again
5/29/2023 | Posted in Interest Rates by Paul DeAdder
The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks.
... MoreFixed rate mortgages could go on sale
1/29/2020 | Posted in Mortgage Interest Rates by Paul DeAdder
Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down
... MoreUltra-low Rates Will Persist: RBC
1/17/2020 | Posted in Mortgages and Real Estate by Paul DeAdder
The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics.
... MoreCanadians more likely to be homeowners, have a mortgage
8/9/2019 | Posted in Canadian Housing Market by Paul DeAdder
Homeownership rates are higher now than they were two decades ago according to a new analysis from Statistics Canada.
... MoreWith fixed rates below variable ones, mortgage market is in the Upside Down
7/28/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate.
... MoreMortgage market suffers 'extended chill' says Equifax
6/17/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
The Canadian mortgage market continues to suffer from the impact of lower home sales in major markets as the stress tests weaken homebuyers’ abilities.
... MoreMore mortgage rate cuts could be coming for Canadian homebuyers
6/11/2019 | Posted in Mortgage Interest Rates by Paul DeAdder
Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast.
... MoreCanadian mortgage rates falling to their lowest level in 2 years
6/7/2019 | Posted in Interest Rates by Paul DeAdder
Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that's adding up to record low rates for ... More
5/6/2019 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason.
... MoreThe bond market is now sending a clear signal: Go with a variable-rate mortgage
12/6/2018 | Posted in Mortgage Interest Rates by Paul DeAdder
If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed.
... MoreRate rises may be reshaped by oil production cuts says CIBC
12/4/2018 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
The Bank of Canada will announce its December interest rates decision Wednesday and few are expecting a Grinch-like pre-Christmas shock.
... MoreMortgage renewals have entered a new era
11/6/2018 | Posted in Mortgages and Real Estate by Paul DeAdder
As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher ... More
Mortgage rates are rising. Here's how you can save money
5/28/2018 | Posted in Mortgage Interest Rates by Paul DeAdder
Canada’s big banks are locked in a competitive pricing war over variable-rate mortgages, but economic trends point to more interest rate hikes ahead — leaving ... More
Higher interest rates add to home buyer struggles
5/16/2018 | Posted in Home Buyers by Paul DeAdder
First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year ... More
5-year mortgage holders, brace yourselves
1/19/2018 | Posted in Mortgages and Real Estate by Paul DeAdder
The Bank of Canada’s decision to raise its benchmark rate to 1.25% earlier this week will make renewals a significantly more daunting prospect for mortgage holders.
... MoreConsumers Rush to Lock in Mortgage Rates ahead of Bank of Canada Rate Hikes
9/12/2017 | Posted in Mortgage News by Paul DeAdder
The number of Canadians who applied for a fixed-rate mortgage in August saw a substantial spike, with 59.31% of users on the LowestRates.ca website opting for a fixed-rate ... More
Proposed mortgage rules aim to reduce financial risk in Canada's hot housing markets
7/7/2017 | Posted in Mortgage News by Paul DeAdder
New rules proposed by the federal government to curb financial risks associated with the country's hot housing markets could make it more difficult to secure a ... More
