News from Canada's Mortgage Experts

This week we saw fixed rate mortgages increase by up to 0.25% - which is the first time in 6 months that we have seen major banks increase their mortgage rates. This recent rise in rates is due to a spike in U.S. bond yields which ultimately determines the rate of fixed-rate mortgages.

Check out this article in the Financial Post written by John Shmuel, to learn more about what mortgage rate trends (fixed and variable rates) we can expect in the near future.