Canadian Mortgage Rates Spike: Higher for Longer
#bankofcanada #canadamortgagerates #canadianeconomy Canadian fixed mortgage rates are rising and aren’t expected to come down anytime soon—while the Bank of Canada appears in no rush to cut. That’s according to a new piece in the Toronto Star. Links: Speech by Deputy Governor Sharon Kozicki / Discours de la sous-gouverneure Sharon Kozicki: https://www.youtube.com/watch?v=angtSH0teuA&t=2840s Interest rates for fixed-rate mortgages likely won’t drop ‘in the foreseeable future.’ Here’s why: https://www.thestar.com/real-estate/interest-rates-for-fixed-rate-mortgages-likely-wont-drop-in-the-foreseeable-future-heres-why/article_bf547e6a-90d5-4312-9b5b-a7a817af71c0.html Kozicki: Patience needed for additional rate relief as tariffs, inflation fears linger: https://www.canadianmortgagetrends.com/2025/06/kozicki-dont-expect-fast-rate-relief-as-tariffs-inflation-fears-linger/ Bank of Canada hearing less talk of 'catastrophic outcomes' from businesses: https://financialpost.com/news/bank-of-canada-hearing-less-catastrophic-talk-from-businesses Funds advanced, outstanding balances, and interest rates for new and existing lending, Bank of Canada: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1010000601 Inflated: Money, Debt, and the American Dream: https://www.amazon.ca/Inflated-Money-Debt-American-Dream/dp/139428571X/ref=sr_1_1?crid=PW74GXT26FYV&dib=eyJ2IjoiMSJ9.L9wJSYHl9x-6JxvZUly8ki0wgygDUlLfMPBRTRkAnwo.STBNya9LUliFB7oBRLB5dslCtpZ9A6vH7vsNe3KDRNM&dib_tag=se&keywords=inflated+debt+and+the+american+dream&qid=1749390630&sprefix=inflated+debt+and+the+american+ddream%2Caps%2C106&sr=8-1 Canada 5 Year Government Bond: https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx Centuries of Data Forewarn of Rapid Reversal From Low Interest Rates: https://www.bloomberg.com/news/articles/2017-11-07/centuries-of-data-forewarn-of-rapid-reversal-from-low-interest-rates The 5,000-year history of interest rates shows just how historically low US rates are right now: https://finance.yahoo.com/news/5-000-history-interest-rates-154000242.html Canada 5 Year Bond: https://www.cnbc.com/quotes/CA5Y-CA Republican Tax Bill Adds $2.4 Trillion to US Deficits, CBO Says: https://financialpost.com/pmn/business-pmn/republican-tax-bill-adds-2-4-trillion-to-us-deficits-cbo-says U.S. 10 Year Treasury Note: https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx Opinion: America’s debt is at a breaking point — Trump’s tax bill might just push it over the edge: https://www.marketwatch.com/story/americas-debt-is-at-a-breaking-point-and-trumps-tax-bill-might-just-push-it-over-the-edge-7a85f88d Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ Interest Rates: Immediate Rates (24 Hours): Prime Rates: Total for Canada: https://fred.stlouisfed.org/series/IRSTPI01CAM156N Bank of Canada plans to keep interest rate near zero until 2023: https://www.cbc.ca/news/canada/bank-of-canada-rate-decision-1.5779813 Your morning cup of coffee is about to cost even more — thanks to U.S. tariffs: https://www.cbc.ca/news/canada/british-columbia/coffee-tariffs-canada-us-1.7514615 Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.
