06/13/2026
Many people assume all mortgage rates move directly with Bank of Canada announcements, but there's a little more to it than that.
Fixed mortgage rates are heavily influenced by bond yields, while variable-rate mortgages are tied more closely to changes in the Bank of Canada's overnight rate.
Understanding what drives mortgage rates can help you make more informed decisions and avoid unnecessary stress when market news appears.
If you're wondering how current rate trends may impact your plans, let's take a look together.
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