Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Ask the Expert: Steve Garganis – How Trump’s tariffs will affect your Canadian mortgage + MORE Feb 1st
I will start with a quote from Trump’s book, The Art of the Deal
“I aim very high and then I just keep pushing and pushing and pushing to get what I’m after. Sometimes I settle for less than I thought but I still end up with what I want.“
In the summer of 2016, ahead of .... More »
Sub-6% U.S. mortgage rates vanish as Iran war sparks inflation fears Mar 7th
U.S. homebuyers had to act fast last week to nab the first sub-6% mortgage rates in more than three years. Now they’re up, and the new conflict in the Middle East threatens to nudge them higher..... More »
Fixed-rate borrowers face up to 20% payment hikes at renewal, BoC warns Jul 23rd
Bank of Canada data shows fixed-rate borrowers face the steepest payment hikes this year and next, but not all mortgage holders are in the same boat.... More »
Mortgage growth outpaced housing gains in late 2025 + MORE Apr 15th
Home values declined while borrowing increased, leaving financial markets to drive overall wealth growth..... More »
U.S. existing-home sales rose to eight-month high in October + MORE Nov 21st
Sales of previously owned homes in the U.S. rose in October to the fastest pace in eight months, as buyers took advantage of lower mortgage rates and gained the upper hand over sellers in some markets..... More »
CMLS introduces Aveo Flex 40, Canada’s newest 40-year mortgage
– canadianmortgagetrends.com
After its recent acquisition by Nesto, CMLS Group is signalling to brokers that they’re ready to do business, introducing a new partnership program and a 40-year amortization mortgage product.
The Bank of Canada (BoC) chopped its trend-setting interest rate once again, lowering it by a quarter of a percentage point to an even 3%. This marks the sixth decrease in a row from the central bank, which kicked off its cutting cycle last June; since then, the benchmark rate has dropped by a total of 200 basis points from its peak of 5%, where it had been held since July 2023.
This has considerably eased borrowing costs for Canadians, especially mortgage rate shoppers. However, it’s uncertain how much more interest relief is on the way, as threatened 25% U.S. import tariffs—which could take effect on February 1st—have skewed the rate and economic outlook for Canada.
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Bank of Canada cut will prompt lower variable mortgage rate costs: Ratehub
– canadianmortgagetrends.com
Experts say homeowners with variable mortgage rates will benefit from lower monthly payments after the Bank of Canada’s latest cut to its key policy rate.
