Mortgage Rate
-
Canadian home sales rose last month for the first time since FebruaryHome sales in Canada saw their first bump in October since February as rising interest rates had put a chill into market activity.EconomyNov 15, 2022
-
High home prices, debt levels could ‘accelerate’ economic downturn, Macklem warnsBank of Canada governor Tiff Macklem said the high amount of debt Canadians have tied up in the housing market is a 'vulnerability' as the economy begins to slow.EconomyNov 10, 2022
-
Renewing your mortgage? Here’s what to know as the Bank of Canada raises ratesExperts say it’s now time to take a step back and really take stock of your finances, but don't be afraid to shop around to ensure you get the lowest mortgage rate at renewal.MoneyOct 26, 2022
![]()
-
Not all Canadians feel the pain of interest rate hikes. Here’s why that might changeThe Bank of Canada is expected to raise interest rates for the fifth time this year on Wednesday. Here's what's on the horizon for Canadian mortgage holders.ConsumerSep 6, 2022
![]()
-
House hunting? Here’s what to ask your mortgage broker before making an offerPicking a mortgage has only gotten trickier as the Bank of Canada began hiking interest rates this year. Here's what to know before you make an offer on a home.MoneyAug 29, 2022
![]()
-
Variable? Fixed? Static? Picking the right mortgage as interest rates riseMortgage costs are rising as the Bank of Canada hikes interest rates. Here's what to know before you lock in a mortgage, be it variable or fixed.MoneyAug 12, 2022
![]()
-
More than $220K income needed to buy a home in Toronto, Vancouver: analysisYou'd need to bring in an annual income of roughly $220,000 to afford a home in Toronto or Vancouver as interest rates rise, according to a new Ratehub.ca analysis.MoneyJul 21, 2022
![]()
-
Fixed or variable? How to pick a mortgage as interest rates riseShould you go with a variable or fixed-rate mortgage? Rising interest rates are changing the calculus for prospective home buyers, experts say.MoneyMay 2, 2022
![]()
-
Canada’s big banks increase mortgage rates, may prompt Bank of Canada hikesCanada's Big Six banks have all increased their benchmark fixed-rate mortgage rate, which analysts say could trigger a rise in the Bank of Canada's qualifying mortgage rate as early as Wednesday, making it more difficult for some to take on home loans.MoneyMay 8, 2018
![]()
-
RBC, TD raise fixed five-year mortgage rateThe move comes as many economists are predicting that the Bank of Canada may raise its key interest rate target next weekMoneyJan 12, 2018
![]()
