By: Helen Avraam Neo

Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers

Tags: Mortgage Rates

The interest rate on Canada’s most popular mortgage, the five-year fixed rate, has fallen to its lowest level in history. In early June, HSBC made headlines when it began offering Canadians a five-year fixed-rate mortgage below 2%. Multiple brokers followed suit, and some are now advertising even lower rates.1 And while many Canadians have rushed to take advantage of this unprecedented oppor...Read More

By: Steve Huebl

Risks To Economic Outlook "Overblown," But Rates To Stay Low: Poloz

Tags: Rates

Canada’s economy may prove surprisingly resilient in its recovery following the COVID-19 lockdown, according to Bank of Canada Governor Stephen Poloz. In his final press conference before stepping down as BoC Governor next month, Poloz said, “I’m relatively optimistic…compared with what the talk is.” His more positive assessment comes just one week after the head o...Read More