10/14/2026
📈 Fixed Mortgage Rates Are Climbing!
We’ve seen 5 fixed mortgage rate increases over the last 6 weeks, and it’s an important reminder that mortgage rates can change quickly!
Why are fixed rates increasing?
Unlike variable rates, which are directly influenced by the Bank of Canada’s overnight rate, fixed mortgage rates are largely driven by Government of Canada bond yields.
When bond yields rise due to inflation expectations, economic uncertainty or changing market conditions, lenders often increase their fixed mortgage rates to reflect higher borrowing costs.
Is your mortgage coming up for renewal in the next 6 months?
Don’t wait until the last minute! Depending on your lender and renewal date, we may be able to secure a rate hold now to help protect you against further increases.
Even if your renewal is still months away, it’s worth having a conversation and putting a plan in place.
Thinking of buying a home within the next 4 months- get a pre approval and get a rate locked in.
📩 Reach out today and let’s review your mortgage options!
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