Mortgage knowledgebase
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Welcome Relief for Canadian Fixed-Rate Mortgage Borrowers
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Bond yields finally broke lower last week, and that has relieved some of the pressure on our fixed- mortgage rates. The US Federal Reserve provided the ...

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Canadian Variable Mortgage Rates Should Fall Soon, But Fixed Mortgage Rates Are Headed the Other Way
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Last week’s economic data releases on both sides of the 49th parallel provided further confirmation that the US and Canadian economies remain on divergent ...

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Why A Bad Budget May Actually Leave Us Better Off
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Last week Statistics Canada confirmed that our overall Consumer Price Index (CPI) increased from 2.8% in February to 2.9% in March on a year-over-year ...

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Five Mortgage Highlights from the Bank of Canada’s Latest Update
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The Bank of Canada (BoC) held its policy rate steady last week, as expected. That means the lender prime rates on which our variable mortgage rates are ...

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Why the Bank of Canada Probably Won’t Talk About Rate Cuts This Week
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The Bank of Canada (BoC) isn’t expected to lower its policy rate when it meets this Wednesday, but the bond futures market is estimating an 80% chance of a ...

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Canadian Mortgage-Related News Update – Separating Wheat from Chaff
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Mortgage-related news made headlines again last week. Statistics Canada released our latest GDP data, our banking regulator announced a new set of ...

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Five Important Updates on Canadian Mortgage Rates
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Last week was chock full of news with implications for Canadian mortgage rates. Here are five key updates for anyone keeping an eye on Canadian mortgage ...

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The Longer the First Rate Cut Takes, the Lower Our Variable Mortgage Rates Will Go
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Last week the Bank of Canada (BoC) held its policy rate steady at 5%. That decision was widely expected, but the Bank’s continued use of hawkish language ...

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The Bank of Canada’s First Rate Cut Should Not Be Far Off
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It will be a shock if the Bank of Canada (BoC) moves its policy rate when it meets this week. The first reason is procedural. The Bank meets eight times ...

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Why Canadian Fixed and Variable Mortgage Rates May Be Heading in Different Directions
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Last Tuesday Statistics Canada confirmed that our Consumer Price Index (CPI) declined from 3.4% in December to 2.9% in January (year-over-year). That result ...

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Canadian Mortgage Rate Updates – Top Five Recent Posts
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Dog reading book with glasses. I hope that you enjoyed the Family Day long weekend. I used the holiday yesterday for its stated purpose, so there won’t be a ...

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Is Canadian Employment Really as Strong as It Looked Last Month?
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Last Friday Statistics Canada confirmed that our economy added an estimated 37,300 new jobs in January, well above the consensus forecast of 15,000. This ...

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