Canada Mortgage Rates

• Mortgages 101: What you need to know before looking for a home

  Global News's Home School series is back with an explainer on mortgages: what kinds there are, what goes into qualifying and the costs you might not know about.

  Money

  Apr 15, 2023
  
• SVB instability could drive some Canadian mortgage rates lower. Here’s why

  The collapse of Silicon Valley Bank and fears of wider financial instability has led some market forecasters to revise interest rate path expectations.

  Money

  Mar 14, 2023
  
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• Banking regulator launching consultations on mortgage stress test as debt risks rise

  OFSI says that while the mortgage stress test has been helpful, more measures might be needed to reduce lending risks as debt-service levels surge.

  Economy

  Jan 12, 2023
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• Canada’s housing market unlikely to cool as new home buyers opt for variable loans

  The market share of new variable-rate mortgages surged to 51 per cent in July, the highest level since the Bank of Canada began tracking the data in 2013.

  Consumer

  Oct 14, 2021
• Bank of Canada cuts benchmark mortgage rate for 3rd time in months

  The Bank of Canada has cut its benchmark five-year mortgage rate to 4.79 per cent, the second cut in three months.

  Money

  Aug 13, 2020
• Bank of Canada could raise interest rates again tomorrow

  Strong economic growth could prompt a second hike sooner than expected, some economists say.

  Money

  Sep 5, 2017