Bank of Canada Governor Poloz Keeps the Market on Its ToesMarch 9, 2015
The Real Reason the U.S. Fed Is No Longer Going To Be “Patient” About Raising Its Policy RateMarch 23, 2015
Five-year Government of Canada bond yields fell by sixteen basis points last week, closing at 0.84% on Friday. Five-year fixed-rate mortgages are offered in the 2.59% to 2.69% range, and five-year fixed-rate pre-approvals are available at rates as low as 2.74%.
Five-year variable-rate mortgages are available in the prime minus 0.65% to prime minus 0.80% range, depending on the terms and conditions that are important to you.
The Bottom Line: My overall view of our economic tea leaves remains unchanged. I continue to believe that our fixed and variable-rate mortgages are likely to remain at or near today’s ultra-low levels for the foreseeable future.