Blog - Interest rates

Mortgages Are “Lowest in History”—But Can They Go Lower?

Since the start of the COVID-19 pandemic in Canada, Canadian mortgage rates are at an all-time low. Many homebuyers are now faced with the age...

We’ve been hearing a lot of news lately that have made it a bit easier for Canadians to qualify for a mortgage, just in time for the spring market.

In January 2019, RBC dropped its 5-year fixed-term mortgage rate by 0.15 points to 3.74%. When they did so, every major news outlet in the...

Bond yields have been steadily decreasing for a while, and finally more lenders are moving their 5-year fixed rate mortgages down, as well....

The Bank of Canada announced this week that they’re keeping their overnight rate target at 1.75%. Global economy The bank considers the global...

As expected, the Bank of Canada raised interest rates this week. Their overnight rate target increased from 1.50% to 1.75%. Global economy The...