rate hikes Archives - Mortgage Rates & Mortgage Broker News in Canada

Fixed mortgage rates rise as bond yields near 4 percent

Mortgage Digest: Fixed mortgage rates rise as lenders retreat from aggressive pricing

June 2, 2025 No Comments

RBC hiked its fixed mortgage rates for the second time in May last week, but it wasn’t the only one. A growing number of lenders have continued raising pricing in recent weeks, particularly for uninsured terms.

Weekly Mortgage Digest_Rising mortgage rates

Mortgage Digest: Why have lenders been hiking rates?

October 15, 2024 No Comments

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

Weeks of cuts give way to mortgage rate hikes as U.S. job numbers soar

October 7, 2024 No Comments

While everyone has been enjoying some amazing fall weather, the temperature isn’t the only thing heating up.

“Extremely resilient” variable-rate borrowers face latest test as prime rate rises to 7.20%

July 17, 2023 No Comments

Variable-rate mortgage borrowers, who have already seen their interest costs rise by more than 70% over the past year, were hit with yet another hike last week as prime rate reached a 22-year high of 7.20%.

Bank of Canada delivers 10th rate hike, markets not convinced this will be the last

July 12, 2023 No Comments

As was widely expected, the Bank of Canada today delivered another quarter-point rate hike today, bringing its benchmark rate to a 22-year high of 5%.

Fixed mortgage rates continue to rise in 2023

Fixed mortgage rates surge again, pushing rates under 5% to the brink

June 15, 2023 No Comments

Fixed mortgage rates are once again on the rise, with rates under 5% quickly becoming a distant memory.

Bank of Canada not ruling out additional rate hikes just yet

March 9, 2023 No Comments

The Bank of Canada delivered its first rate pause of the past year yesterday, but Deputy Governor Carolyn Rogers made clear it remains a “conditional pause.”

Bank of Canada rate decision January 2023

Bank of Canada expected to “nudge” rates another 25 bps higher

January 23, 2023 No Comments

The Bank of Canada will deliver its first rate announcement of the year this week, where markets and economists overwhelmingly expect a 25-bps rate hike.

“Explosive” job growth raises the likelihood of another rate hike

January 8, 2023 2 Comments

Job growth is usually celebrated as a sign of a strong economy, but it’s not the kind of thing the Bank of Canada wants to see as it struggles to bring down inflation.

Tiff Macklem delivering 2022 year-end speech

“Much higher” interest rates will be needed if inflation sticks, says Macklem

December 12, 2022 1 Comment

The Bank of Canada’s interest rate hikes this year have “begun to work” to cool Canada’s overheated economy and slow inflation, the central bank’s Governor said on Monday.

rate hikes