Canada • Mortgages • Banks
CanadianBankNews brings together mortgage rates from major lenders, independent commentary, and AI-powered summaries of Canadian banking news. Use the affordability calculator to see how today's rates affect your potential mortgage.
Sample of posted or advertised rates from major lenders. Always confirm with the bank or your broker.
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Mortgage guide
Not sure whether to lock in a fixed rate or ride a variable rate? This quick guide explains the tradeoffs Canadians actually care about: payment stability, renewal risk, and how Bank of Canada moves can affect you.
First-time buyers
Canada now offers three powerful savings options for buying your first home: the FHSA, RRSP, and TFSA. Each comes with different tax rules, withdrawal limits, and long-term tradeoffs.
Latest news
AI summary
Canadian Mortgage Trends • 2026-05-09
Renewing your mortgage but planning to sell soon? Read this first Canadian Mortgage Trends
Canadian banks are reducing their mortgage rates as the Bank of Canada is expected to start lowering its benchmark interest rate soon. This has led some major lenders, including Royal Bank of Canada and Toronto-Dominion Bank, to cut their fixed mortgage rates, particularly for five-year terms. The move comes amid slowing inflation numbers and growing anticipation that central bank monetary policy will soon become more accommodative. The banks’ decisions reflect the increased competition for borrowers and attempts to attract homeowners who have delayed refinancing during the cycle of high interest rates.
The Globe and Mail • 2026-05-08
The city at the top of mortgage delinquency, NDAs silence some buyers, the Home of the Week and more top real estate stories The Globe and Mail
The Globe and Mail • 2026-05-07
The week’s best fixed and variable mortgage rates The Globe and Mail