Tough Sledding: The mortgage industry will remain under pressure “over the near-term as employment trends weaken, credit loss provisioning moves higher, and housing / mortgage activity pulls back materially,” TD...

Today’s Rate Menu: After a three-week hiatus, variable mortgage rates are back down to prime – 0.50% (a 1.95% effective rate, including cash back) in some provinces—but only if you...

RBC Cuts Again: The nation’s biggest mortgage lender dropped six “Special Rates” today: 1yr: 3.14% to 3.04% 2yr: 2.79% to 2.69% 3yr: 2.99% to 2.89% 4yr: 3.04% to 2.94% 5yr:...

Cracks in Real Estate: Home sales have plunged. No secret there. But new data from HouseSigma gives us a hint of how much, at least in the Greater Toronto Area....

Never before has our government been able to borrow 5-year money so cheaply. With oil in crisis mode, Canada’s benchmark 5-year bond closed at a record low yield of 0.419%...

Oil Bloodbath: Crude posted its largest price decline in history today, down 300% in the May futures contract. How is it possible to fall more than 100%? Oil futures traded...

Crude Unreality: Oil dove to its cheapest level since 2002 on Friday, closing at a staggeringly low $18.27 a barrel (WTI). Three months ago, the lowest analyst forecast for 2020...

Record Broken: Canada’s 5-year bond yield moves fixed mortgage rates and it closed at another all-time low today. That coincides with a roughly three-week low in risk/liquidity premiums. Together, these...

Falling Back to Earth: Fixed mortgage rates are at multi-week lows. In the last week, multiple big lenders have cut 5 to 15+ bps. The key reasons: rates are descending...

Hopefully Not Reality: Despite the government’s relief plan, including mortgage payment deferrals—1 in 10 (9%) of mortgagors say they won’t be able to pay their mortgage in three months or...