Fixed Mortgage Rates Edge UP | Canada Real Estate

The Trump effect on US Treasuries has shown up & pushed those Yields upwards, The Canadian 5 – Yr Bond Yields followed suit, we will see some slight upward movement in the 5 – Yr Fixed Rate in Canada. Should we worry? New Trend? Might just be election jitters, time will tell. There is a simple strategy: Take Variable. The American public clearly had some concerns about their economy which is MUCH better than Canada’s. With Inflation low & Unemployment likely to keep growing the Bank of Canada will just keep cutting

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[Sommar-sb]

The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy, or not?

[maxpayne]

A variable rate is the best mortgage option over the long haul. I was a variable rate holder for 25 years. Choosing a fixed rate always comes with a premium that you pay (to the bank). Instead, just pay the “going rate” which is the variable rate. It is similar to dollar cost averaging in the stock market. Don’t try to time the market with your mortgage rate or your stock investments..

[GTAHomeLiving]

Thank you for this: succinct and clear analysis. I appreciate your knowledge, Ron

[timelesstruths]

I think something that would be great, lets reduce property tax by 3/4 that.

[althunder]

We will be experiencing MUCH HIGHER INTEREST RATES over the next four years.

[rorythomson]

I would really love to job shadow some of the more recent government employees and see what it is they do all day.

[rustyscrapper]

Even simpler version: only variable rates are going down, and the BOC can rug pull your rate any time so buyer beware.

And be careful with paying assinine penalties to break a fixed mortgage.

[RHH-zcdu]

All 5 banks in Canada were hiring indians student and offshore for service the last 3 years. Congratulations.

[ahc]

Thank you for the knowledge you share.

[mannywellandrealtor]

How would the elimination of carbon taxes play into boosting our economy? Would unlocking the sale of LNG to Europe and Japan help? Thanks for the clear explanation on how bonds work btw.

[niceguy]

We need a reset. Lower rates will eventually slow down house prices coming down. It's too high to begin with. Work 70 hours to pay the bank and have no life

[Verticaltechwizard]

You are right Ron, Canada doesn't have the ability to turn things around on the whole for the foreseeable future. My worry is that it will take a decade at least if at all to right the ship. Turbulent times ahead for Canadians.

[shanesteele]

the bond market rules rates more money printing here in Canada already 7 billion over budget

[treaty]

The government is barely staying afloat....Canada is going into deflationary mode where people are holding on tight to their money....this will affect companies who need to make money ....they will be forced to lower costs and fire people ....inflation will increase in the states ...causing an increase in interest rates...we need to follow in the increase in rates do we not? Will this not further deepen our troubles....?? We can't import people to save us anymore.

[brianboutilier]

Ron, you neglected to include if Bank of Canada continues to cut, the dollar will drop relative to the USD, its dropping now, and projected, by some economists to drop further into the high 60's. A weak dollar, will cause inflation here to rise because of price increases of all that we import, especially from the US. I don't think wholesale cuts are a certainty.

[ReSpEcT]

While our economy will worsen we do have a great chance to turn the ship under a new government. For now its just promises but if Pierre does half the things he promises the future looks bright for canada, even if it takes 5-10 years to feel a meaningful change.

[philippickles]

The US economy will face some inflation due to the tariffs. Trumps followers were convinced that China is going to pay them, but that's not how it works.. a good portion of walmarts imports come from China, if you tariff at 60% expect some major price jumps as walmarts costs skyrocket

[highthereguys]

Long end could be sniffing inflation or growth.

[mykeprior]

Ron we're missing the fact that we will have talent flight to the US.
And a .60/USD loonietoon dollar.
Rates aren't going to come down.
Realtor's are manipulating people into FOMO for january, and instead it's going to be going off a cliff.
Canada needs to really really work on it's debt levels and revert to the mean and take on a stronger role in the Nuclear economy.
Not just build more houses. Because who's going to buy them? Prices don't just have to come down, now it's a certainty.

[pamelagordon]

Thank you. Excellent commentary, and your picture on the thumbnail expresses your subject title perfectly.