Categories for Mortgage Rates

8 Strategies to Secure a Lower Mortgage Rate

Interest rates have risen rapidly this year, triggered by the Bank of Canada’s efforts to curb inflation. The July MNP Consumer Debt Index found that 59% of Canadians “are already feeling the effects of interest rate increases.”1 Why has the impact been so widespread? In part, due to the rising ...

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Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers

The interest rate on Canada’s most popular mortgage, the five-year fixed rate, has fallen to its lowest level in history. In early June, HSBC made headlines when it began offering Canadians a five-year fixed-rate mortgage below 2%. Multiple brokers followed suit, and some are now advertising even lower rates.1 And ...

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