Canadian Real Estate Won't Ignite at Current Mortgage Rates

#canadianrealestate #canadianmortgagerates #canadarealestate Canadian real estate won’t rebound until mortgage rates hit 3% - this according to a recent interview with Robert Kavcic of the Bank of Montreal. Links: Mortgage rates at 3% or lower the magic number to reignite Canada's housing market: https://financialpost.com/real-estate/mortgage-rates-3-or-lower-reignite-canadas-housing-market Canada 5 Year Government Bond: https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx Canada's unemployment rate climbs to 6.9% as tariffs bite: https://financialpost.com/news/economy/canada-unemployment-rate-climbs Bank of Canada to start cutting rates again as jobs blow from tariffs materializes, economists say: https://financialpost.com/news/economy/bank-of-canada-cutting-rates-jobs-tariffs-economists U.S. and China agree to slash most tariffs for 90 days: https://www.cbc.ca/news/world/us-china-tariffs-1.7532503 Treasury yields soar on hope a recession will be avoided after temporary China-U.S. deal: https://www.nbcnewyork.com/news/business/money-report/treasury-yields-soar-as-u-s-and-china-agree-to-slash-tariffs/6259872/?os=..&ref=app Why 3% mortgage rates are key to unlocking Canada's housing demand: https://www.mpamag.com/ca/mortgage-industry/market-updates/why-3-mortgage-rates-are-key-to-unlocking-canadas-housing-demand/535126 Canadian Housing Demand and Prices Slide Further in March: https://creastats.crea.ca/en-CA/ BMO chief economist denies Canada’s housing supply ‘myth’: https://www.theglobeandmail.com/investing/markets/inside-the-market/article-bmo-chief-economist-denies-canadas-housing-supply-myth/ Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ Bank of Canada rate cut to spur ‘urgency’ in the real estate market: experts: https://www.bnnbloomberg.ca/business/real-estate/2024/12/11/how-will-the-bank-of-canada-rate-cut-impact-real-estate/ Interest rates have further to fall, but fixed mortgage rates are already nearing their bottom: https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-interest-rates-have-further-to-fall-but-fixed-mortgage-rates-are/ Canadian Real Estate Prices To Correct After Immigration Cuts: BMO: https://betterdwelling.com/canadian-real-estate-prices-to-correct-after-immigration-cuts-bmo/ Average asking rents down annually for seventh straight month at $2,127: report: https://www.canadianmortgagetrends.com/2025/05/average-asking-rents-down-annually-for-seventh-straight-month-at-2127-report/ Today's Mortgage Rates: https://www.td.com/ca/en/personal-banking/products/mortgages/mortgage-rates GTA home sales fell more than 20% in April, real estate board says: https://www.cbc.ca/news/canada/toronto/greater-toronto-area-home-sales-fall-april-1.7527667 Canada — Household Income - Average and Median ($): https://www03.cmhc-schl.gc.ca/hmip-pimh/en/TableMapChart/TableMatchingCriteria?GeographyType=Country&GeographyId=1&CategoryLevel1=Population,%20Households%20and%20Housing%20Stock&CategoryLevel2=Household%20Income&ColumnField=HouseholdIncomeRange&RowField=Province&SearchTags[0].Key=Households&SearchTags[0].Value=Number&SearchTags[1].Key=Statistics&SearchTags[1].Value=AverageAndMedian Bank of Canada rate cut lifts housing market activity: TD chief economist: https://www.bnnbloomberg.ca/business/real-estate/2025/01/29/bank-of-canada-rate-cut-lifts-housing-market-activity-td-chief-economist/ 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 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.