February 22, 2021
In today’s post I explain why fixed mortgage rates are heading higher and offer advice to borrowers on how to navigate the current environment.
Posts from the ‘canada mortgage rates’ Tag
August 10, 2020
It's been a wild rate for Canadian mortgage rates of late and in today's post we take a fresh look at the fixed vs. variable question.
June 1, 2020
In his final speech, BoC Governor Poloz argued that fears about coming economic hardship are overblown. Here is my take on his comments, viewed in part through a mortgage lens.
May 19, 2020
Here are links to five of my most popular recent posts describing the unusual mortgage market we find ourselves in today and how best to navigate through it.
April 6, 2020
If you need a mortgage now and you don’t already have a commitment in place, a variable rate seems like the clear choice. Today's post explains why.
February 10, 2020
Last week TD Bank lowered its posted five-year rate to 4.99%. TD’s move by itself isn’t enough to drop the stress-test rate. Other Big Six banks will need to follow. That’s where this gets interesting.
December 9, 2019
The Bank of Canada didn't raise rates last week and it sounded surprisingly optimistic about our economy's prospects. Today's post offers my take.
December 2, 2019
Last week's GDP data came in lower than the Bank of Canada expected but I don't think that will cause the Bank to cut its policy rate when it meets this week.
November 18, 2019
The Bank of Canada's reluctance to cut its policy rate has caused the Loonie to appreciate against other currencies, creating a headwind that has hurt our export sales. The cost of its continued inaction is growing.
November 11, 2019
Today's post answers an increasingly popular question: Should variable-rate mortgage borrowers lock in a fixed rate now?
November 4, 2019
Today's post offers my take on how the Bank of Canada's latest Monetary Policy Report and accompanying policy statement will impact Canadian mortgage rates.
October 15, 2019
The idea that the Bank of Canada will delay rate cuts for fear that it will increase borrowing and accelerate house-price growth is flawed for two reasons. Today's post explains.