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:   Financial Post , https://financialpost.com/

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Original Article Posted on:  May 25, 2021

Link to Original Article:  https://financialpost.com/moneywise/canadas-high-unemployment-may-help-low-mortgage-rates-stick-around

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Link to Original Article:  https://ca.finance.yahoo.com/news/canadian-banks-raise-some-mortgage-rates-lower-others-192709963.html

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Link to Original Article:  https://financialpost.com/moneywise/mortgage-rates-may-rise-as-bank-of-canada-ends-emergency-pandemic-program-2

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Original Article Posted on:  01/21/2021 

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

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

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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/

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Original Article Posted on:  NOVEMBER 30, 2020

Link to Original Article:  https://betterdwelling.com/city/toronto/toronto-new-home-inventory-reaches-highest-level-since-february-condos-sales-fall/

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/

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

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

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Link to Original Article:  https://www.canadianmortgagetrends.com/2020/09/big-banks-still-dominate-mortgage-market-share-says-cmhc/

Original Article Source Credits:   Yahoo Finance , https://ca.finance.yahoo.com/

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Link to Original Article:  https://ca.finance.yahoo.com/news/surge-in-outstanding-residential-mortgage-credit-cmhc-sees-risk-of-delinquencies-jumping-165503550.html