Tag: fixed mortgage rates
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More Canadians Are Choosing Variable Mortgages Again As Rate Uncertainty Grows
Canadian mortgage borrowers are increasingly turning back to variable-rate mortgages and shorter fixed terms after several years of major interest rate volatility. A new Canada Mortgage and Housing Corporation analysis published September 8 shows that variable-rate mortgages have regained a significant share of new mortgage originations. During the first quarter of 2026, variable rates accounted…
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Here’s How Much Your Monthly Mortgage Payment Has Changed Since Interest Rates Peaked
Mortgage rates may still feel high compared to the ultra-low rates of 2021, but borrowing costs have improved significantly from their recent peak. After the Bank of Canada aggressively raised interest rates to fight inflation, many Ontario buyers hit pause on their home search. Today, with the Bank of Canada’s policy rate sitting at 2.25%,…
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Bank of Canada Expected To Hold Rates This Week. Here’s What It Means For Ontario Homebuyers
All eyes will be on the Bank of Canada this Wednesday as policymakers announce their latest interest rate decision, a move that could influence mortgage rates, homebuyer confidence, and the direction of Ontario’s housing market. While many prospective buyers have been hoping for another rate cut, economists overwhelmingly expect the central bank to leave its…
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Bank of Canada’s Rate Cut: Limited Impact on Real Estate Market
On July 24, 2024, the Bank of Canada lowered its key interest rate by a quarter percentage point to 4.5%. While this move is intended to combat inflation and stimulate economic growth, experts suggest that its immediate impact on the real estate market will be limited. Modest Rate Cut and Market Expectations John Lusink, President…
