mortgage rate trends Archives - Page 2 of 10 - Mortgage Rates & Mortgage Broker News in Canada

Mortgage Digest: Bond yields fall to 2-year lows, more rate cuts to follow

August 4, 2024 No Comments

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

Lenders cut fixed mortgage rates in August

Fixed mortgage rates are falling again. Here’s why

August 1, 2024 No Comments

Canadian lenders are cutting fixed mortgage rates following a drop in bond yields. But what’s behind these latest moves?

Homeownership costs easing, but “long way to go” before affordability is restored: RBC

July 4, 2024 No Comments

Borrowers experienced a slight reduction in homeownership costs in the first quarter, despite affordability remaining near its worst level ever.

Canadian bond yields rebound sharply, sending some mortgage rates higher

July 2, 2024 No Comments

After being on a downward path for the past two months, Canadian bond yields have reversed course and are once again on the rise.

How fixed-payment variable rate mortgages have saved the economy

The latest mortgage news: Variable-rate mortgages are making a comeback

June 28, 2024 No Comments

Mortgage borrowers are increasingly opting for variable-rate mortgages, a trend that is expected to continue as the Bank of Canada continues to lower interest rates.

What BoC rate cut means for mortgage rates

What the Bank of Canada rate cut means for mortgages, consumer loans and investments

June 5, 2024 1 Comment

The Bank of Canada has lowered its key interest rate by a quarter of a percentage point to 4.75%, the first cut in more than four years. Here’s what it could mean for your finances.

Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC

May 29, 2024 No Comments

CMHC says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4% year-over-year and representing the slowest growth in 23 years.

A real estate sold sign is shown in a Toronto west end neighbourhood May 16, 2020. THE CANADIAN PRESS/Graeme Roy

Montreal home sales up 25% in April as expected rate cuts prompt recovery: board

May 8, 2024 No Comments

The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales surged 25.5 per cent in April compared with the same month last year, with levels returning to historical averages.

An overview of housing promises from all of the 2024 provincial budgets

May 6, 2024 No Comments

Housing is arguably Canada’s most important policy issue right now. From building millions of new homes, apartment buildings, and condos, to ensuring developers have all of the financing they need, governments from Iqaluit to Windsor are preoccupied with ensuring every Canadian has a home to call their own.

Majority of aspiring homeowners awaiting rate cuts before buying: BMO survey

April 30, 2024 No Comments

The majority of Canadians aspiring to buy a home say they will push their plans to next year or later to wait for interest rates to drop, a new survey shows.

mortgage rate trends