3/13/2024 | Posted in Mortgages and Real Estate by Paul Solomons
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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

Real Estate & Mortgage News

  1/18/2024 | Posted in Mortgage Interest Rates by Paul Solomons
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This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say.

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Real Estate & Mortgage News

  1/12/2024 | Posted in Interest Rates by Paul Solomons
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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%).

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Real Estate & Mortgage News

  12/21/2023 | Posted in Mortgage Interest Rates by Paul Solomons
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Several of Canada’s big banks and numerous other lenders are offering a practical gift for borrowers this holiday season: lower mortgage rates.

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Real Estate & Mortgage News

  11/9/2023 | Posted in Mortgages and Real Estate by Paul Solomons
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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

Real Estate & Mortgage News

  10/4/2023 | Posted in Mortgage Interest Rates by Paul Solomons
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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

Real Estate & Mortgage News

  9/22/2023 | Posted in Mortgage Interest Rates by Paul Solomons
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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.

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Real Estate & Mortgage News

  8/23/2023 | Posted in Mortgage Interest Rates by Paul Solomons
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Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon.

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Real Estate & Mortgage News

  6/27/2023 | Posted in Mortgages and Real Estate by Paul Solomons
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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

Real Estate & Mortgage News

  6/24/2023 | Posted in Mortgage Interest Rates by Paul Solomons
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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

Real Estate & Mortgage News

  6/16/2023 | Posted in Mortgages and Real Estate by Paul Solomons
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Fixed mortgage rates are once again on the rise, with rates under 5% quickly becoming a distant memory.

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Real Estate & Mortgage News

  6/11/2023 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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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

Real Estate & Mortgage News

  5/29/2023 | Posted in Interest Rates by Paul Solomons
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The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks.

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Real Estate & Mortgage News

  5/17/2023 | Posted in Home Buyers by Paul Solomons
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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.

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Real Estate & Mortgage News

  1/29/2020 | Posted in Mortgage Interest Rates by Paul Solomons
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Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down

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Real Estate & Mortgage News

  1/17/2020 | Posted in Mortgages and Real Estate by Paul Solomons
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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics.

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Real Estate & Mortgage News

  8/9/2019 | Posted in Canadian Housing Market by Paul Solomons
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Homeownership rates are higher now than they were two decades ago according to a new analysis from Statistics Canada.

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Real Estate & Mortgage News

  7/28/2019 | Posted in Mortgages and Real Estate by Paul Solomons
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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.

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Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgage Interest Rates by Paul Solomons
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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.

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Real Estate & Mortgage News

  6/7/2019 | Posted in Interest Rates by Paul Solomons
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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

Real Estate & Mortgage News

  5/6/2019 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason.

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Real Estate & Mortgage News

  12/6/2018 | Posted in Mortgage Interest Rates by Paul Solomons
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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.

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Real Estate & Mortgage News

  12/4/2018 | Posted in Canadian Economy and Interest Rates by Paul Solomons
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The Bank of Canada will announce its December interest rates decision Wednesday and few are expecting a Grinch-like pre-Christmas shock.

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Real Estate & Mortgage News

  11/6/2018 | Posted in Mortgages and Real Estate by Paul Solomons
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As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher ... More

Real Estate & Mortgage News

  5/28/2018 | Posted in Mortgage Interest Rates by Paul Solomons
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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

Real Estate & Mortgage News

  5/16/2018 | Posted in Home Buyers by Paul Solomons
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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

Real Estate & Mortgage News

  1/19/2018 | Posted in Mortgages and Real Estate by Paul Solomons
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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.

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Real Estate & Mortgage News

  9/12/2017 | Posted in Mortgage News by Paul Solomons
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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

Real Estate & Mortgage News

  7/7/2017 | Posted in Mortgage News by Paul Solomons
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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

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