Mortgage Rate History

The major mortgage news from last week was the Bank of Canada’s interest rate announcement that saw the overnight rate remain at 1.0%. There wasn’t much movement from 5-year fixed mortgage rates last week as 5-year … Read More

The Canadian mortgage market is once again feeling the winds of change.  This past week brought us some unexpected changes on the variable front that left some home-buyers a little confused as to what mortgage product … Read More

Since last week’s Monday Mortgage Update, the lowest 5-year fixed rate has dropped to 3.49%. However, for the most part, both fixed and variable mortgage rates in Canada have remained at the same low levels this … 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

Interest rates have continued to drop since our last Mortgage Monday Update.  As lending companies and financial institutions fight to keep the market share, interest rates remain competitive, particularly with the Canadian banks.  Four of the … Read More

This week, we saw a slight decrease in fixed mortgage broker rates while variable rates remained steady. Following last week where some lenders reduced fixed rates, they are still uneasy to make any significant moves for … Read More