mortgage rates News and Articles | My Blog
Mortgage Digest: 50% odds of a 50-bps October rate cut, experts say
10/1/2024 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Markets are increasingly betting on the Bank of Canada delivering a 50-basis point rate cut during its October 23 policy decision, with the odds now sitting at around 53%
... MoreUpcoming mortgage renewals part of why BoC held rate at 5 per cent: Macklem
11/1/2023 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Bank of Canada governor Tiff Macklem says the central bank held its key interest rate at five per cent in part because of the effect a wave of upcoming mortgage renewals is ... 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.
... 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
Bank of Canada likely to hike again in July: TD
6/16/2023 | Posted in Mortgage Interest Rates by Paul DeAdder
Central banks seek sweet spot between fighting inflation and sparking recession
... MoreWhat the Bank of Canada rate cut means for mortgages
3/5/2020 | Posted in Mortgages and Real Estate by Paul DeAdder
Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that.
... 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.
... MoreCanadian mortgage borrowers have a 'rare opportunity'
9/6/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada's mortgage market has been turned upside down, and it's giving borrowers an uncommon advantage, a new report suggests.
... 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.
... MoreThe era of higher mortgage rates was short-lived
7/18/2019 | Posted in Mortgage Interest Rates by Paul DeAdder
Those renewing or about to renew their mortgages can breathe a sigh of relief: The era of higher interest rates appears to have been short-lived.
... 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.
... More5/6/2019 | Posted in Canadian Economy and Interest Rates by Paul DeAdder
Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason.
... MoreBank of Canada 'going nowhere' with interest rates into 2020: Economist
4/3/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
The Bank of Canada is likely to stand pat on interest rates for the remainder of this year and well into 2020, according to the chief economist of BMO Financial Group.
... 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.
... 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
Expect two rate rises in the next 3 months
10/5/2018 | Posted in Mortgage Interest Rates by Paul DeAdder
Homeowners could be facing two interest rate rises in the coming months according to an updated forecast by CIBC.
... MoreBank of Canada raises overnight rate
7/11/2018 | Posted in Mortgages and Real Estate by Paul DeAdder
The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ... More
Rate hike in July? It's all down to the data
6/25/2018 | Posted in Mortgage Interest Rates by Paul DeAdder
Economists still expect BoC rate rise but the numbers need to stack up.
... MoreMortgage 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
Mortgage interest costs see biggest growth since 2009
4/27/2018 | Posted in Mortgages and Real Estate by Paul DeAdder
Latest data from Statistics Canada showed that mortgage interest costs increased by 2.8% in March, representing the biggest rise since April 2009.
... MoreBank of Canada Raises Benchmark Rate to 1%
9/6/2017 | Posted in Mortgage Interest Rates by Paul DeAdder
The Bank of Canada forged ahead with another interest rate hike in a nod to the country’s surging economy, while signaling its appetite for further tightening may be ... More
Why people are turning to their phones for mortgage advice
8/25/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
“Hey Siri, what’s the best mortgage rate?”
... More8/22/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
Canadians have qualified for much larger mortgages over the past two decades due to record-low interest rates, and that has impacted affordability according to the Fraser ... More
Interest rates to hit 1.75% by summer 2019
8/16/2017 | Posted in Mortgage Interest Rates by Paul DeAdder
The latest forecast from CIBC Capital Markets is for Canadian interest rates to increase again in December this year.
... MoreCanada's economy accelerates, rate hike expectations grow
7/28/2017 | Posted in Mortgage Interest Rates by Paul DeAdder
Canada’s economy accelerated far more than expected in May amid growth in the energy and manufacturing sectors, pointing to solid momentum in the second quarter ... More
Now that the Bank of Canada has scratched the interest rate itch, get ready for more
7/24/2017 | Posted in Mortgage Interest Rates by Paul DeAdder
Many of the world's central bankers, including in Canada, had been stubbornly tied to low-for-longer interest-rate regimes following the recession. That time has ... More
U.S. Fed closing the door on low-rate mortgages in Canada
6/15/2017 | Posted in Mortgage Interest Rates by Paul DeAdder
The U.S. Federal Reserve raised its trend-setting interest rate on Wednesday for the third time in six months to the highest level since the global financial crisis hit in the ... More
Canada's central bank acts to defuse housing market threat
6/15/2017 | Posted in Mortgage News by Paul DeAdder
Canada's central bank, which had long said interest rates are too blunt a tool to tackle the country's housing market, may have finally decided to act and at least ... More
Bank of Canada says next move likely an interest rate hike
6/12/2017 | Posted in Mortgage Interest Rates by Paul DeAdder
The Bank of Canada offered its strongest signal yet that it’s ready to raise interest rates as the economy gathers steam, in surprise comments that sent the Canadian ... More
