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Oriana News

Drop the mortgage stress test at renewal, competition watchdog urges Ottawa

Drop the mortgage stress test at renewal, competition watchdog urges Ottawa

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‘It will not be missed:’ Ottawa cancels first-time homebuyer incentive

‘It will not be missed:’ Ottawa cancels first-time homebuyer incentive

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Canadian economic outlook for 2024: Shifting into neutral

Probably the best news for 2024 is less uncertainty concerning interest rates. It is anticipated that the Bank of Canada will begin lowering its key rate as early as this summer.

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With millions of mortgages coming due, finance minister expects banks 'to work with' Canadians

With millions of mortgages coming due, finance minister expects banks 'to work with' Canadians

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Posthaste: Ouch — variable-rate mortgages have cost Canadian homeowners big money

Posthaste: Ouch — variable-rate mortgages have cost Canadian homeowners big money

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Mortgage owners should brace for possible rate hike, experts say

Mortgage owners should brace for possible rate hike, experts say

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Variable-rate mortgages gaining favour again as Canadians bet interest rates have peaked

Variable-rate mortgages gaining favour again as Canadians bet interest rates have peaked

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What impact will the new Bank of Canada hike have on Canada's housing market?

What impact will the new Bank of Canada hike have on Canada's housing market?

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Bank of Canada hikes interest rate again — and there may be more to come

Bank of Canada hikes interest rate again — and there may be more to come

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High mortgage costs will ‘strain’ budgets. But is the Bank of Canada worried?

High mortgage costs will ‘strain’ budgets. But is the Bank of Canada worried?

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CURRENT RATES

CURRENT RATES
Term Our Rate Bank Rate
2 YEAR 5.89% 7.35%
3 YEAR 5.19% 7.14%
4 YEAR 5.09% 6.99%
5 YEAR 4.89%* 7.04%
5 YEAR variable 6.20%* 7.20%
25 Mar 2024


*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

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