fixed vs. variable Archives - Mortgage Rates & Mortgage Broker News in Canada

A variable-rate mortgage could save borrowers over $6,000 on their next term: BMO

February 24, 2025 2 Comments

Variable mortgage rates are looking increasingly attractive compared to fixed rates, with the potential for significant savings, according to new research from BMO Economics.

Fixed vs. variable: Why variable-rate mortgages are making a comeback

February 11, 2025 No Comments

After the Bank of Canada’s latest rate reduction 5-year variable mortgage rates are now on par with their fixed-rate counterparts, raising the question: Is now the time to go variable?

Whiplash in Canada’s bond market signals rate roller-coaster ahead, experts say

January 17, 2025 No Comments

When it comes to predicting mortgage rates, the only thing Canada’s mortgage experts are certain of right now is that nothing is certain.

Prime rate falls to 6.70%, making variable rate mortgages more attractive

July 24, 2024 No Comments

Variable-rate mortgage holders received positive news on Wednesday as major lenders reduced their prime rate following the Bank of Canada’s rate cut earlier in the day.

Mortgage activity down 25% from 2022 and fixed rates remain top choice, stats show

November 23, 2023 No Comments

High interest rates have applied the brakes to Canada’s mortgage market, which saw growth slow to a 22-year low in September.

Fixed rates back as top mortgage product of choice: National Bank

August 23, 2023 No Comments

Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon.

Fixed mortgage rates rise as bond yields near 4 percent

Fixed mortgage rates keep rising, and could continue as bond yields near 4%

July 7, 2023 No Comments

Bond yields ended the week higher, flirting with a key technical level of 4% following the release of overall strong employment data in both Canada and the U.S.

Popularity of variable-rate mortgages plummets to pre-pandemic levels

June 20, 2023 No Comments

The popularity of variable-rate mortgages is continuing to fall and is now nearly at levels last seen prior to the pandemic in early 2020.

Fixed-rate mortgage popularity in canada

Nearly 40% of homebuyers choosing short-term fixed-rate mortgages: CMHC

May 26, 2023 No Comments

With an expectation that interest rates will fall in the coming years, nearly one in four new homebuyers and those renewing are choosing fixed-rate mortgages with terms under three years.

Fixed mortgage rates are falling

January 30, 2023 2 Comments

While rates have been steadily climbing for variable mortgages, fixed mortgage rates have been moving in the opposite direction.

fixed vs. variable