Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Desjardins sees mortgage growth drive stronger first-quarter earnings + MORE May 15th
Residential mortgages now account for nearly two-thirds of Desjardins’ loan book, while impaired mortgage loans remained relatively stable despite ongoing economic uncertainty..... More »
‘It’s choking me’: This homeowner’s mortgage payments have shot up by more than $1,000 a month. What should he do? + MORE Dec 31st
‘I was naive. I’ve never experienced rate hikes like this before,’ homeowner says, adding he plans to switch to a five-year fixed rate when rates hit 3%..... More »
Pace of construction in Ottawa still too high, according to CMHC + MORE Jan 31st
Home builders need to further scale back construction to cool overheated markets in Ottawa and other centres, says Canada Mortgage and Housing Corp. A quarterly market assessment released by the federal government’s housing watchdog Wednesday said rising vacancy rates and high inventories of n.... More »
Siddall and Taylor Go Head-to-Head Over Housing + MORE Jun 8th
Note: This editorial piece was previously published on RateSpy.com. It is being reprinted with permission due to the important and timely issues raised. Rarely have the heads of Canada’s housing agency and largest mortgage broker association been at such odds publicly. It feels like CMHC bos.... 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 »
Will Fixed Mortgage Rates Rise? Canadians Think So
– ratesupermarket.ca
The Bank of Canada may have kept its key interest rate at one per cent for the 29th consecutive time last week, but Canadians are still expecting rising fixed mortgage rates, according to a recent CIBC poll.
The survey, conducted by Nielsen, found 47 per cent of Canadians anticipate mortgage rates to increase in the next year. If they had to make the choice between a fixed rate or variable mortgage today, 48 per cent would choose a fixed rate.
Deal Alert: Want the best fixed or variable mortgage rate in your region? Check out our Best Rates Table for the lowest rates, flexible prepayments, rate holds and more.
Expert Panel Calls For Potential Rate Increase
The survey results are in line with Rate Supermarket’s own Mortgage Rate Outlook Panel. Earlier this month, the panel’s experts apprised that with global economic trends evolving, there may not be a possibility of a “competitively low interest rate environment.”
Younger Buyers Most Likely to Lock In
The current preference for fixed rate mortgages is higher amongst young Canadians, the CIBC poll indicates…
