It’s not getting any cheaper for banks to fund a fixed-rate mortgage. In fact, Canada’s 5-year swap rate, a common measure of 5-year funding costs at the big banks, is...

5-year fixed mortgage rates tend to shadow 5-year government yields. And for most of nine months, the 5-year yield has been locked in a 21-basis-point range, a range so tight...

Lenders are not done sacrificing profit for market share. On Thursday, we hit yet another all-time low for 5-year fixed mortgage rates: 1.25%. That’s for default-insured mortgages only (like virtually...

The Feds would like you to think they want to help first-time buyers. The Liberals’ over-hyped and costly First-time Home Buyer Incentive is a case in point. “The First-time Home...

Tangerine has ratcheted up its competitiveness. For non-default insured mortgages, it is suddenly the national leader on four fixed terms: 2-year fixed at 1.64% 3-year fixed at 1.59% (lowest refi...

Despite record-low short-term interest rates, most banks are offering junk 1-, 2- and 3-year rates on uninsured mortgages through the broker channel. We’re seeing 5-year variable pricing as low as...

Our national housing agency wants to put your mind at ease, sort of. CMHC published its annual stress test this week. Its report claimed CMHC would remain solvent barring a...

The government’s “B20” stress test has blocked countless people from buying rental properties as investments. The current 4.79% minimum qualifying rate means would-be buyers have to prove they can afford...

In Brief Today’s Announcement:No change to rates Overnight rate:0.25% Prime Rate:2.45% (also no change; seePrime Rate) Market Rate Forecast:No BoC hikes until late 2022 BoC’s Headline Quote: “The Governing Council...

If you’ve got a hankering for a mortgage with maximum rate assurance, none beats the 10-year fixed. But once Canada rounds the corner on its economic recovery, 10-year rates could...