The Bank of Canada announced a 25 basis point rate cut to the overnight rate on June 5th, 2024. This decision has raised questions about its impact on interest rates. It's important to understand that the fixed rate mortgage market and the variable rate mortgage market are influenced differently. Fixed rates are driven by bond yields, while variable rates are directly linked to the overnight rate. Fixed Mortgage Rates The recent 25 basis point rate cut by the Bank of Canada has a limited direct effect on fixed mortgage rates because: - Fixed mortgage rates are primarily influenced by long-term bond yields, which…

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  June 15, 2021

Link to Original Article:  https://www.canadianmortgagetrends.com/2021/06/housing-market-moderates-in-may-but-prices-forecast-to-rise-19-3-this-year/

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS, https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  June 22, 2021

Link to Original Article:  https://www.canadianmortgagetrends.com/2021/06/low-rates-helping-borrowers-pay-off-mortgages-at-record-pace/

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  Daniel Wong

Original Article Posted on:  JUNE 1, 2021

Link to Original Article:  https://betterdwelling.com/canada-now-dedicates-more-investment-capital-to-housing-than-business-bmo/

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  Stephen Punwasi

Original Article Posted on:  MAY 13, 2021

Link to Original Article:  https://betterdwelling.com/canadas-real-estate-industry-just-asked-osfi-to-loosen-the-mortgage-stress-test/

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  May 3, 2021

Link to Original Article:  https://www.canadianmortgagetrends.com/2021/05/first-time-home-buyer-incentive-2-0-now-available/

Original Article Source Credits: CTV News, https://www.ctvnews.ca

Article Written By: Patricia Lovett-Reid

Original Article Posted on: March 30, 2021

Link to Original Article: https://www.ctvnews.ca/business/pattie-lovett-reid-from-first-time-buyers-to-luxury-homes-canada-s-real-estate-market-is-on-fire-1.5366979

Original Article Source Credits: betterdwelling, https://betterdwelling.com

Article Written By: NA

Original Article Posted on: MARCH 30, 2021

Link to Original Article: https://betterdwelling.com/city/toronto/greater-toronto-new-home-sales-fall-34-as-pent-up-demand-releases

Original Article Source Credits: mortgagebrokernews.ca, https://www.mortgagebrokernews.ca

Article Written By: Ephraim Vecina

Original Article Posted on: 08 Mar 2021

Link to Original Article: https://www.mortgagebrokernews.ca/news/will-the-bank-of-canadas-rates-be-moving-again-soon-353667.aspx

Original Article Source Credits: mortgagebrokernews.ca, https://www.mortgagebrokernews.ca

Article Written By: Fergal McAlinden

Original Article Posted on: 07 Apr 2021

Link to Original Article: https://www.mortgagebrokernews.ca/news/should-you-consider-a-variable-rate-mortgage-354716.aspx

Original Article Source Credits:   Storeys , https://storeys.com/

Article Written By:  Kayla Gladysz

Original Article Posted on:  MAR 22, 2021

Link to Original Article:  https://storeys.com/canadians-expect-home-prices-increase-bloomberg/

Original Article Source Credits:   Canada.ca , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:  2021-01-22

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/mortgages/choose-mortgage.html

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  December 4, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/12/first-time-home-buyer-incentive-to-become-more-useful-in-select-markets/

Original Article Source Credits:   Move Smartly , https://www.movesmartly.com/

Article Written By:   David Larock

Original Article Posted on:  November 25, 2020

Link to Original Article:  https://www.movesmartly.com/articles/why-spiking-inflation-wont-impact-canadian-mortgage-rates

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  NA

Original Article Posted on:  DECEMBER 23, 2020

Link to Original Article:  https://betterdwelling.com/flight-to-the-burbs-every-real-estate-market-in-ontario-is-outperforming-toronto/

Original Article Source Credits:   CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  November 11, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/11/optimism-returns-to-the-markets-could-fixed-rates-start-to-rise/

Original Article Source Credits:   CBC News , https://www.cbc.ca/

Article Written By:  Pete Evans 

Original Article Posted on:   Dec 01, 2020 

Link to Original Article:  https://www.cbc.ca/news/business/bank-earnings-expired-mortgages-1.5819509

Original Article Source Credits:   Global News , https://globalnews.ca/

Article Written By:   Anita Balakrishnan

Original Article Posted on:   December 1, 2020

Link to Original Article:  https://globalnews.ca/news/7495490/canada-foreign-buyers-tax-affordable-housing/

Original Article Source Credits:   Canada.ca , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:  2020-10-05

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/covid-19-managing-financial-health.html

Original Article Source Credits:   Canada.ca , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:  2020-09-15

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/mortgages/borrow-home-equity.html