mortgage market trends

Fixed mortgage rates are rising. What’s the deal?

April 18, 2024 No Comments

As variable-rate mortgage holders eagerly anticipate the Bank of Canada’s first rate cut, fixed rates are heading in the other direction: up.

Rise in bond yields could send fixed mortgage rates higher, experts say

January 18, 2024 No Comments

A sudden rise in bond yields this week could cause some lenders to reverse recent fixed mortgage rate cuts, experts say.

2023 mortgage market year in review

December 29, 2023 No Comments

As we wrap up a year full of economic twists and turns—and interest rate ups and downs—we wanted to look back at some of the top mortgage-related stories that graced our pages in 2023.

Big banks and lenders slash mortgage rates in time for the holidays

December 21, 2023 2 Comments

Several of Canada’s big banks and numerous other lenders are offering a practical gift for borrowers this holiday season: lower mortgage rates.

Most mortgage borrowers to see payments rise 34% to 54% vs. early 2022: Bank of Canada

December 20, 2023 No Comments

If you had a mortgage as of February 2022, chances are you will be facing a payment increase before the end of 2025.

Mortgage rates under 5%? They’re coming back as lenders slash fixed rates

December 5, 2023 1 Comment

For the first time since last spring, mortgage shoppers finally have a condition-free sub-5% fixed mortgage rate option.

Half of non-homeowners in Canada losing hope of buying property: MPC survey

September 20, 2023 1 Comment

Nearly half of non-homeowners in Canada think they’ll never be able to purchase a home, according to new survey results from Mortgage Professionals Canada (MPC).

Canada’s financial consumer watchdog unveils guidelines to support at-risk mortgage borrowers

July 5, 2023 No Comments

The country’s financial consumer watchdog today unveiled new guidelines urging financial institutions to provide support to mortgage holders who are facing “severe financial stress” and are at-risk of default.

Fixed mortgage rates continue to rise in Canada

Another week, another rise in fixed mortgage rates. How high could they go?

June 23, 2023 No Comments

Another week and another round of fixed rate hikes have swept Canada’s mortgage market.

New mortgage growth slows as rising interest rates and soft real estate market take effect

June 13, 2023 No Comments

Rising interest rates and a softening real estate market have applied the brakes to new mortgage growth, which fell to its slowest pace since 2018.