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
DiscoverAirdrie • 2026-06-12
New housing affordability ranking shows where Alberta markets land DiscoverAirdrie
Canadian banks are starting to offer mortgage borrowers early renewals as a strategy to retain clients ahead of anticipated interest rate cuts by the Bank of Canada. Homeowners, many of whom are facing mortgage renewals over the next two years at higher interest rates than their previous terms, are being enticed to secure new terms sooner—sometimes up to six months in advance. The move aims to lock in customer loyalty and insulate financial institutions from competitive poaching if rates fall sharply.
Canadian banks are starting to offer mortgage borrowers early renewals as a strategy to retain clients ahead of anticipated interest rate cuts by the Bank of Canada. Homeowners, many of whom are facing mortgage renewals over the next two years at higher interest rates than their previous terms, are being enticed to secure new terms sooner—sometimes up to six months in advance. The move aims to lock in customer loyalty and insulate financial institutions from competitive poaching if rates fall sharply.
The Globe and Mail • 2026-06-11
The week’s best fixed and variable mortgage rates The Globe and Mail
Forbes • 2026-06-10
Best 3-Year Fixed Mortgage Rates In Canada For 2026 Forbes