Canada’s fixed mortgage rates plunged downward in December and January, with rates now back close to where they were in June of 2023 – leading some to argue its time to jump into the real estate market. However, bond yields are on the rise, up 30bps since the beginning of January, as a growing pile of US debt puts pressure on the markets.
Links:
Big banks slash mortgage rates this week to reflect lower bond yields in Canada:
