Clear, straightforward guidance to help you understand the mortgage process, make confident decisions, and move forward with a plan that fits your life.
If you have been watching mortgage rates and hoping they will drop soon, the latest movement in the bond market may not be the news you wanted to hear. Bond yields have been climbing around the world, including here in Canada. That matters because Canadian fixed mortgage rates are closely connected to Government of Canada bond yields. When bond yields rise, lenders’ funding costs increase—and fixed mortgage rates usually follow. So, what is pushing yields higher? One major fa
Market balance also improved. The sales-to-new-listings ratio rose to 50.2%, moving above 50% for the first time this year. Seasonally adjusted home sales increased 0.5% to 38,014 transactions. While that gain was modest, it represented the third consecutive monthly increase and followed a much stronger 5.5% jump in May.
