by Simon Browning | Oct 3, 2026 | Bank of Canada, Mortgage Minute
BANKS CONTINUE TO RAISE FIXED RATES AS THE BANK OF CANADA DECISION NEARS Banks have been raising fixed mortgage rates since March, and the increases are continuing. Lenders including CIBC and TD have raised select three and five-year fixed rates as the Government of...
by Simon Browning | Sep 25, 2026 | Bank of Canada, Mortgage Minute
BANK OF CANADA WARNS AGAINST WAITING TOO LONG ON RATE HIKES Bank of Canada Governor Tiff Macklem said this week that the Bank does not want to be late raising interest rates if inflation proves stubborn. Speaking in Halifax on September 21, he said that moving too...
by Simon Browning | Sep 18, 2026 | Bank of Canada, Mortgage Minute
US FED HIKE PUSHES CANADIAN FIXED RATES HIGHER The US Federal Reserve raised its key rate by 25 basis points this week, its first hike since 2023. The move matters here because Canadian fixed mortgage rates follow the bond market, not the Bank of Canada’s own...
by Simon Browning | Sep 11, 2026 | Mortgage Minute
FIXED RATES MOVE HIGHER AT MULTIPLE LENDERS AS BOND YIELDS SPIKE Multiple lenders raised their fixed mortgage rates this week, in some cases by 15 basis points or more. The move wasn’t driven by the Bank of Canada. Fixed rate pricing follows the bond market, and...
by Simon Browning | Sep 4, 2026 | Bank of Canada, Mortgage Minute
BANK OF CANADA HOLDS AT 2.25% FOR A SEVENTH STRAIGHT MEETING The Bank of Canada held its overnight rate at 2.25% on Wednesday, September 2, the seventh consecutive hold stretching back to December 2025. The decision keeps prime rate at 4.45%. July’s inflation...
by Simon Browning | Aug 28, 2026 | Mortgage Minute
ONTARIO FIRST-TIME BUYERS LEAN ON FAMILY TO BUY New data from Equifax shows just how much first-time buyers are leaning on family to get into the housing market. Seven in ten first-time buyer mortgages across Canada now have more than one applicant on them, up sharply...
