FIXED RATES PUSH HIGHER AS BOND YIELDS HIT A ONE-MONTH HIGH Fixed mortgage rates are heading higher this week. Canada’s 5-year bond yield climbed roughly 20 basis points over the past month, closing at 3.357%, its highest point since late July, and that’s...
NEARLY HALF OF RECENT RENEWERS NOW SPEND HALF THEIR BUDGET ON HOUSING New survey data from Rates.ca and Leger shows nearly half of Canadian homeowners who renewed their mortgage since January 2025 are now spending 50 percent or more of their monthly budget on housing....
CANADA ADDS 75,000 JOBS, MAKING A RATE CUT LESS LIKELY Statistics Canada reported the economy added 75,000 jobs in July, far outpacing forecasts of roughly 15,000. The unemployment rate ticked down to 6.4 percent. A jobs report this strong gives the Bank of Canada...
BANK OF CANADA HOLDS AT 2.25%, BUT FIXED RATE PRICING IS DRIFTING The Bank of Canada held its overnight rate at 2.25% on July 15, the sixth consecutive hold since the cutting cycle ended last October. Prime rate stays at 4.45%. The decision was widely expected. Annual...
Rate Hike Threat Eases, Affordability Worsens Across Canada, and the Income-Price Gap That Rates Can’t Fix — Mortgage Minute June 19, 2026 A US-Iran peace deal has reduced the threat of Bank of Canada rate hikes. Affordability got worse in all 13 major Canadian...
Meta description (also WordPress excerpt): Canada’s labour market added 87,800 jobs in May — far above forecasts — while bond yields remain elevated and the 30-year amortization has become the most widely used affordability tool in the market. Here’s what...
