03/30/2026
Most people think fixed rates move when the Bank of Canada changes rates… but that’s only part of the story.
Fixed mortgage rates are mainly influenced by bond yields (especially government bonds).
👉 When bond yields go up → lenders’ borrowing costs go up → fixed rates usually increase
👉 When bond yields go down → fixed rates can come down
That’s why sometimes you’ll see fixed rates change even when the Bank of Canada hasn’t moved.
So if you’re only watching Bank of Canada rate announcements…
you’re missing a big piece of the puzzle.
Smart buyers watch the market — not just the headlines!
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