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TD’s Variable Rate Goes on Sale

The variable-rate market just got a shade more interesting. TD has announced that, effective tomorrow, its 5-year variable rate drops from 2.90% to 2.75%. That’s equivalent to TD mortgage prime...

Prime Rate is Going North (Again)

If low rates are a yard party, the Bank of Canada has just turned up the lawn sprinklers. Here’s a rundown of what they just did: Rate Decision: They increased the...

Competition, Stress Test, Driving Down Rates

Love it or hate it, Canada’s controversial mortgage stress test has led to one welcome benefit: bigger mortgage discounts. That’s due partly to slowing demand for B-20-compliant mortgages—i.e., mortgages that...

Could a Recession Derail Mortgage Rates?

AbsoTrumpingLutely. The more useful question is, what are the chances it will? Economists project Canada’s economy could shrink 1.8% in 2020 if the U.S. pushes us into a global trade...

Would You Use a Robo-Mortgage Advisor?

Someday you’ll be getting mortgage advice from an online robot. This “chatbot” will ask you questions to determine your needs. It’ll then recommend the most suitable mortgage based on your...

It’s Status Quo for Prime Rate

Here’s the latest on today’s Bank of Canada rate announcement: Rate Decision: No change in rates Prime Rate: Remains at 3.45% Market Rate Outlook: Two more hikes in 2018 BoC GDP Outlook: 2% growth...

Bond Yields Dive: Could Fixed Rates Follow?

All it takes to derail an uptrend in mortgage rates is one little global crisis. And that’s potentially what we’ve got. Canada’s 5-year bond yield—which drives fixed mortgage rates—has plunged....