8/4/2024 | Posted in Mortgage Interest Rates by Terra Realty
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Bond yields plummeted late last week as economic instability prompted investors to seek the safety of bonds. ... More

Real Estate & Mortgage News

  8/1/2024 | Posted in Mortgage Interest Rates by Terra Realty
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Canadian lenders are cutting fixed mortgage rates following a drop in bond yields. But what’s behind these latest moves? ... More

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  4/18/2024 | Posted in Home Buyers by Terra Realty
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As variable-rate mortgage holders eagerly anticipate the Bank of Canada’s first rate cut, fixed rates are heading in the other direction: up. ... More

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  3/13/2024 | Posted in Mortgages and Real Estate by Terra Realty
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The Canadian mortgage space is already seeing some rates on offer decline heading into the spring market, despite no clear indication yet from the Bank of Canada that interest ... More

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  1/18/2024 | Posted in Mortgage Interest Rates by Terra Realty
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This week’s rise in bond yields could cause some lenders to reverse recent fixed mortgage rate cuts, experts say. ... More

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  1/12/2024 | Posted in Interest Rates by Terra Realty
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Nearly all of the country’s big banks slashed their advertised fixed mortgage rates this week, in some cases by as much as 70 basis points (or 0.70%). ... More

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  12/21/2023 | Posted in Mortgage Interest Rates by Terra Realty
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Several of Canada’s big banks and numerous other lenders are offering a practical gift for borrowers this holiday season: lower mortgage rates. ... More

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  11/9/2023 | Posted in Mortgages and Real Estate by Terra Realty
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Residential mortgage debt in Canada totalled $2.14 trillion as of August this year, up by 3.4% compared with the same month in 2022 as the value of uninsured mortgages outstanding ... More

Real Estate & Mortgage News

  10/4/2023 | Posted in Mortgage Interest Rates by Terra Realty
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Over the past two weeks, yields have risen by over 30 basis points, or 0.30%. Since bond yields typically lead fixed mortgage rate pricing, rates have been steadily on the rise. ... More

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  9/22/2023 | Posted in Mortgage Interest Rates by Terra Realty
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Fixed mortgage rates could surge higher in the coming week after Government of Canada bond yields—which lead fixed mortgage rates—shot up to a 16-year-high. ... More

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  8/23/2023 | Posted in Mortgage Interest Rates by Terra Realty
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Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon. ... More

Real Estate & Mortgage News

  6/27/2023 | Posted in Mortgages and Real Estate by Terra Realty
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Canada's record pace of interest rate hikes has led to the repayment period for many variable rate mortgages lengthening to over 30 years, helping to shield households from ... More

Real Estate & Mortgage News

  6/24/2023 | Posted in Mortgage Interest Rates by Terra Realty
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Mortgage lenders, including most of the big banks, have continued to hike their fixed mortgage rates following the recent surge in Government of Canada bond yields, which are used ... More

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  6/16/2023 | Posted in Mortgages and Real Estate by Terra Realty
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Fixed mortgage rates are once again on the rise, with rates under 5% quickly becoming a distant memory. ... More

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  6/11/2023 | Posted in Canadian Economy and Interest Rates by Terra Realty
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Variable-rate borrowers will see their interest cost on their next mortgage payment rise as banks and other financial institutions have lifted their prime rates to a 22-year high ... More

Real Estate & Mortgage News

  5/29/2023 | Posted in Interest Rates by Terra Realty
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The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks. ... More

Real Estate & Mortgage News

  5/17/2023 | Posted in Home Buyers by Terra Realty
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A string of aggressive interest rate hikes from the Bank of Canada is driving short-term fixed-rate mortgage demand higher, according to a new survey. ... More

Real Estate & Mortgage News

  1/29/2020 | Posted in Mortgage Interest Rates by Terra Realty
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Fixed rate mortgages could go on sale as fears of spreading coronavirus push bond yields down ... More

Real Estate & Mortgage News

  1/17/2020 | Posted in Mortgages and Real Estate by Terra Realty
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The 2020s won’t be the decade to lock into a long-term fixed mortgage, according to RBC Economics. ... More

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  8/9/2019 | Posted in Canadian Housing Market by Terra Realty
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Homeownership rates are higher now than they were two decades ago according to a new analysis from Statistics Canada. ... More

Real Estate & Mortgage News

  7/28/2019 | Posted in Mortgages and Real Estate by Terra Realty
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Strange Things: Canadians can now get a lower interest rate on a new mortgage by locking into a fixed rate, rather than opting for a variable rate. ... More

Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgage Interest Rates by Terra Realty
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Canadian mortgage rates have already tumbled in recent months and more discounts could be on the way for homebuyers, a according to a new forecast. ... More

Real Estate & Mortgage News

  6/7/2019 | Posted in Interest Rates by Terra Realty
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Spring is typically a busy time for home sales, so lenders are competing fiercely right now for new business — and that's adding up to record low rates for borrowers. ... More

Real Estate & Mortgage News

  5/6/2019 | Posted in Canadian Economy and Interest Rates by Terra Realty
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Goodbye, variable-rate mortgage. Everyone’s going fixed these days, and for good reason. ... More

Real Estate & Mortgage News

  12/6/2018 | Posted in Mortgage Interest Rates by Terra Realty
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If you’re shopping for a mortgage and believe what the bond market is telling us, it implies your odds of success with a fixed rate may have just changed. ... More

Real Estate & Mortgage News

  12/4/2018 | Posted in Canadian Economy and Interest Rates by Terra Realty
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The Bank of Canada will announce its December interest rates decision Wednesday and few are expecting a Grinch-like pre-Christmas shock. ... More

Real Estate & Mortgage News

  11/6/2018 | Posted in Mortgages and Real Estate by Terra Realty
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As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher ... More

Real Estate & Mortgage News

  5/28/2018 | Posted in Mortgage Interest Rates by Terra Realty
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Canada’s big banks are locked in a competitive pricing war over variable-rate mortgages, but economic trends point to more interest rate hikes ahead — leaving Canadian ... More

Real Estate & Mortgage News

  5/16/2018 | Posted in Home Buyers by Terra Realty
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First-time home buyers already struggling with more stringent mortgage rules have been dealt another blow by an increase this week in the Bank of Canada’s five-year mortgage ... More

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