Mighty Mortgage

07/06/2026

"Forecasts from the country’s Big Six banks now largely align on the Bank of Canada holding its policy rate at 2.25% through 2026, but diverge sharply in 2027.

RBC, Scotiabank and National Bank all see the rate rising once the Bank’s easing cycle ends, though on different timelines. National Bank expects the first move, with an increase to 2.75% by late 2026. Scotiabank projects a similar path but sees the rate reaching 3.00% by the end of 2027, while RBC forecasts an even higher endpoint of 3.25% in Q4 2027.

By contrast, TD, CIBC and BMO all expect the policy rate to hold steady at 2.25% through the end of 2027, implying a prolonged period of stability once cuts are complete."

Source: Canadian Mortgage Trends

06/10/2026

NEW: The Bank of Canada has held its policy rate steady at 2.25%, as expected, leaving borrowing costs unchanged for variable-rate mortgage holders and borrowers with lines of credit tied to prime.

05/21/2026

TD Bank Group has launched its first Agentic AI model to automate and streamline the application process for mortgages and home equity lines of credit. The model is being used to generate application summary memos for underwriters by performing tasks such as: classifying client documents, extracting key information, calculating income and performing consent checks.

The bank says its first autonomous AI model is already reducing parts of the pre-adjudication process from an average of 15 hours to less than three minutes.

03/26/2026

https://news.ontario.ca/en/release/1007212/ontario-expanding-hst-rebate-to-lower-the-cost-of-new-homes-in-partnership-with-the-federal-government

The Ontario government has announced a temporary removal of the HST on new homes valued up to $1 million, allowing those who are eligible for the rebate to receive a maximum of $130,000. The rebate will be maintained for new homes valued up to $1.5 million and will scale down to a maximum of $24,000 on homes valued at $1.85 million and higher.

The rebate program begins April 1, 2026 and ceases March 31, 2027; further, new home purchases from March 20, 2025 are eligible for the rebate.

Ontario Expanding HST Rebate to Lower the Cost of New Homes in Partnership with the Federal Government | Ontario Newsroom

03/26/2026

03/23/2026

As the 3 and 5 years bond yields rise, lenders have begun increasing rates on their fixed mortgage products by up to 30 basis points; meanwhile variable rate products remain stable. Since February, the five-year Government of Canada bond yield has climbed upwards of more than 50 basis points, and three-year benchmark bond yields have jumped nearly 80 basis points.

Markets are rapidly repricing inflation and rate expectations, driving bond yields higher and triggering a new round of fixed mortgage increases

03/18/2026

NEW: The Bank of Canada held its key rate at 2.25% today, as expected, opting for a more cautious, wait-and-see approach as inflation eases but risks—like higher oil prices and a softening economy—linger.

03/06/2026

https://www.mpamag.com/ca/mortgage-industry/industry-trends/bank-of-canada-signals-rates-could-rise-even-in-a-slowdown/567064?hsmemberId=1938001&tu=59031435-53f9-45da-9444-2a2ddfad17a5&utm_campaign=&utm_source=

"The remarks came as the Bank’s policy rate sat at 2.25%, with Governing Council stressing it needs to maintain optionality on its next move after January’s hold.

“Many people may find it surprising or counterintuitive that, at times, monetary policy needs to be tightened when the economy is weak. Yet that is exactly the difficult trade-off we sometimes face,” Kozicki said.

“Generally, when a supply shock is expected to have large or persistent impacts on inflation, some degree of policy restraint will be needed to bring inflation back to target,” she said."

Deputy governor warns supply shocks may force hikes despite economic slack

03/06/2026

A cooling housing market has been good news for those looking to buy their first home, but for homeowners looking to move up the property ladder, the slowdown is more of a mixed blessing.

01/29/2026

BREAKING: OSFI says loan-to-income (LTI) limits will remain in place after its pilot, citing their role in curbing highly leveraged borrowing. Notably, today’s release made no mention of changes to the mortgage stress test, leaving the status quo intact for now.

Full release: https://www.osfi-bsif.gc.ca/en/news/osfis-quarterly-release-continuing-advance-smart-well-calibrated-risk-taking