Mortgage Rates Canada April 2023 UPDATE: Rates FALL Again

#canadamortgagerates #bankofcanada #canadarealestate

Canada’s fixed mortgage rates continued to fall in April as investors bet that the Bank of Canada would be lowering interest rates in the mid-term future. With mortgage rates down by .5 percent in just two months, Canada’s real estate market is getting affordable, leading to a potential re-inflation of prices.

Links:

Long-term mortgage rates are falling. Is it time to lock in?:

https://www.thestar.com/business/personal_finance/advice/2023/04/03/long-term-mortgage-rates-are-falling-is-it-time-to-lock-in.html

Canada’s inflation rate is now roughly half of what it was at the peak. So when are we getting those rate cuts?:

https://www.thestar.com/business/opinion/2023/04/22/final-stretch-of-inflation-reduction-will-be-the-toughest-for-canadians-to-endure.html

Macklem not ruling out future BoC rate hike to get to 2% inflation target:

https://www.ctvnews.ca/business/macklem-not-ruling-out-future-boc-rate-hike-to-get-to-2-inflation-target-1.6351875

Bank of Canada’s Macklem says inflation falling quickly, but emphasizes longer fight to return to 2 per cent:

https://www.theglobeandmail.com/business/economy/article-macklem-bank-of-canada-imf/

Canada 5 Year Government Bond:

https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx

Canadian Home Prices Grind Lower as Winter Freeze Grips Market:

https://www.bloomberg.com/news/articles/2022-12-15/canada-housing-market-prices-grind-lower-as-winter-freeze-sets-in

Bank of Canada raises interest rate again — but hits 'pause' on any more for now:

https://www.cbc.ca/news/business/bank-of-canada-january-rate-decision-1.6725283

Mortgage providers slash rates in wake of bond yield drop:

https://www.canadianmortgagetrends.com/2023/03/mortgage-providers-slash-rates-in-wake-of-bond-yield-drop/

Home Prices Halt Yearlong Plunge in Canada as Sellers Hold Off:

https://www.bloomberg.com/news/articles/2023-04-14/canadian-home-prices-rise-for-first-time-in-a-year-on-low-inventory

Mark Mitchell – Mortgage Broker London Ontario
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