Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Understanding the Smith Manoeuvre: a Canadian mortgage strategy decoded Jan 6th
For nearly four decades, Canadians have turned to an investment strategy of writing off the interest from mortgage payments as tax-deductible. Known as the Smith Manoeuvre—after its creator, financial planner Fraser Smith—the strategy involves getting a readvanceable mortgage, which includes a l.... More »
Rise in bond yields could send fixed mortgage rates higher, experts say Jan 21st
A sudden rise in bond yields this week could cause some lenders to reverse recent fixed mortgage rate cuts, experts say..... More »
How new mortgage brokers are overcoming the challenges of today’s high-rate environment Jan 24th
It's no secret that the current high-rate environment has been challenging for mortgage borrowers and mortgage professionals alike..... More »
How the Bank of Canada’s benchmark rate impacts your finances + MORE Mar 7th
The Bank of Canada (BoC) held its benchmark interest rate at 5% on March 6, marking the fifth consecutive time it has left the rate unchanged. Economists widely expect the BoC to lower its rate at some point in 2024, as inflation falls and the Canadian economy weakens. However, in its March rate ann.... More »
The latest in mortgage news: uninsured posted rates at decade-highs
– canadianmortgagetrends.com
Uninsured posted rates from Canada’s Big 6 banks have skyrocketed over the past year, according to data from the Bank of Canada.
First National seeing no signs of stress among mortgages renewing at higher rates
– canadianmortgagetrends.com
Canada’s largest non-bank lender says it hasn’t seen any signs of stress among its adjustable-rate nor fixed-rate borrowers who are renewing at higher rates.