Mortgage rate trends

Here’s a summary of some of the news that caught our eye this week:

There could be an 8% decline in housing market activity due to new mortgage rules, according to a report from Mortgage Professionals Canada (MPC).

This month, a couple of Canada’s Big Five banks announced they were increasing mortgage rates. Does that mean rates will keep rising?

Low interest rates are having a positive impact on how quickly Canadians are paying down their mortgages, finds a report from Mortgage Professionals Canada (formerly CAAMP).

“Barring a recession, don’t expect [interest rates] to go any lower.” –TD Economics Since the Bank of Canada announced it was keeping the benchmark overnight rate at 1.0% last week, most lenders did not move their … Read More

Good news may be on the way for mortgage-rate shoppers. Several Government of Canada (GoC) bond yields, which drive fixed mortgage rates, dropped at the end of last week. It was a relatively minor drop, but … Read More