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Canada shed 17,700 jobs in April and unemployment hit a six-month high. Major bank economists are pushing back hard against rate hike expectations. GTA sales rose 7% in April. And Toronto’s new condo market hit a 35-year low. Here’s what it means for your mortgage.

The Bank of Canada held at 2.25% this week – prime stays at 4.45%. But the bond market reacted sharply to Macklem’s language. Ontario’s homebuilding sector is under significant pressure. And the rate outlook for 2026 may be longer than most people expect.

The Bank of Canada announces Wednesday and is widely expected to leave their rate unchanged. Fixed rates have been volatile since March – driven by the bond market, not the BoC. And Toronto’s new condo market recorded its lowest quarterly sales in 35 years. Here’s what it means for your mortgage.

Fixed-rate borrowers renewing now face an average increase of $622 a month. Toronto home prices are back to 2020 levels. And breaking your mortgage early could cost more than you think. Here’s what it means for your situation.

Bond yields pulled back this week after climbing sharply through March. Ontario’s HST rebate on new construction is now live as of April 1. And Toronto’s housing affordability, after two years of steady improvement, is starting to stall. Here’s what it means for your mortgage.

Fixed rates moved up across the board as bond yields climbed to their highest point in roughly a year. Ontario announced a major HST rebate on new construction that starts in five days. And Canada’s top banking regulator issued a pointed warning about renewal stress for a specific group of borrowers.