Global bond selloff pushes Canadian fixed mortgage rates higher
Surging government debt, inflation risks and geopolitical tensions have driven long-term yields toward multi-year highs, prompting lenders to raise fixed mortgage rates.
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Canadian mortgage news, rate updates and industry insights.
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Carney bets Canada can live with tariffs to unlock investment
Canadian Prime Minister Mark Carney is on the brink of a trade pact with the U.S. His next challenge will be convincing his country that swallowing some tariffs is worth the greater economic certainty that a deal would bring.
Canadian retail sales to fall 0.8% in July after strong 2Q
Canadian retail sales are set to fall for the first time this year, but strong second quarter purchases point to a rebound in consumption.
Rate cuts boost housing demand faster than supply, BoC research finds
Bank of Canada researchers found that lower rates lift home sales quickly and housing starts only after a delay, resulting in persistent price increases—particularly when unemployment is low.
U.S. set to cut tariffs on Canadian metals, autos in trade deal
The tentative trade deal between the U.S. and Canada would lower tariffs on certain Canadian exports of steel and aluminum to 25%, according to people familiar with the matter.
Homeowners managing higher mortgage payments despite concerns: survey
As the last wave of mortgage renewals from the era of ultra-low interest rates comes, a new survey suggests most homeowners have been managing higher payments.
Trump delays Canadian tariffs at 11th hour, saying deal close
The Trump administration delayed 50% tariffs on billions of dollars of Canadian products for three days, saying the two sides had reached a tentative agreement to resolve a broader trade dispute that had plunged relations to a fresh low.
July home sales down 5.3% from last year, but market becoming more balanced: CREA
The Canadian Real Estate Association says home sales in July were down compared with a year ago, but edged slightly higher month-over-month.
CMHC reports annual pace of housing starts slowed in July
Canada Mortgage and Housing Corp. says the annual pace of housing starts in July fell five per cent compared with June.
U.S. 10-Year yields climb to highest since 2025 as rout deepens
A deepening global bond selloff sent the U.S. benchmark yield to the highest since early 2025, as thin August trading met investors wary of inflation and a deluge of corporate debt supply.
Falling home prices drive record 10th straight quarter of affordability gains
National Bank says the mortgage payment on a representative home fell to 51.1% of median income, although affordability remains well below historical norms.
Gas price rebound pushes Canadian inflation to 3%
Canada's yearly inflation accelerated to 3% as the Middle East conflict continued to push up gasoline prices, while core measures of price growth remained subdued.
CMT Weekly Briefing: Inflation, home sales and tariff deadline in focus
Canadian inflation and housing data are due this week alongside a looming U.S. tariff deadline, following a week of lender growth, rising insolvencies and tighter rental supply.