Mortgage News

Today’s Mortgage News in 60 Seconds

Updated:

Bank of Canada holds rates steady as housing market digests previous cuts.

Here’s what changed for Canadian buyers, homeowners and investors today.

  • Rates: Prime rate and most fixed mortgage rates are unchanged compared to last week.
  • Market: National home sales are hovering around their 4-year average, with balanced conditions in many Ontario markets.
  • Takeaway: Buyers get a bit more breathing room, but affordability is still tied closely to income and stress-test results.
Canada-wide • Source: Bank of Canada, CMHC, CREA & major news outlets

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