Mortgage outlook

VARIABLE MORTGAGE RATES Oh my, how variable mortgage rates have changed. Take a look at our Mortgage Rate History graph below and you will see that the best discounted 5-year variable rate has risen 65 basis … Read More

MORTGAGE MOVEMENT There wasn’t much movement from 5-year Government of Canada bond yields last week, finishing only marginally higher at four basis points. Most lenders stood pat with their 5-year fixed rates. There was also very … Read More

We’ve had a full week to digest the news since the Interest rate announcement last week, where the Bank of Canada kept the overnight lending rate untouched as many had expected.  “Variable roller coaster still hard … Read More

As a commentator in the mortgage space and a hub for comparing mortgage rates in Canada, we get asked a lot of questions about the direction of mortgage rates. The most common iteration is: “When will … Read More

Since last week’s Monday Mortgage Update, both fixed and variable mortgage rates have remained unchanged in Canada. However, behind this untouched façade, there have been some fluctuations in Government of Canada bond yields, which dictate the … Read More

After an exciting two weeks of significant rate-dropping, mortgage rates seem to have reached a temporary plateau.  All major banks and most financial institutions have kept both fixed and variable mortgage rates unchanged this week. However, … Read More