AI news brief
Fixed mortgages rates rise, Toronto returns to office, Home of the Week and more top real estate stories
Globe and Mail - Business - 2026-09-04
AI Summary
The Bank of Canada has maintained its key interest rate at 2.25%, but global bond yield increases, influenced by trade war concerns and inflation, are driving up fixed mortgage rates above 4%. This rise in fixed rates, coupled with trade war uncertainties, is contributing to a slowdown in the Toronto housing market, with sales falling in August after a prior rebound. Meanwhile, downtown Toronto is experiencing a significant return to office, revitalizing the corporate real estate market.
Key takeaways
- Bank of Canada holds key interest rate steady.
- Fixed mortgage rates are increasing due to bond yields.
- Toronto sees a return to office, impacting real estate.
What this could mean for homebuyers
Mortgage news can affect fixed rates, variable-rate expectations, affordability, and buyer timing. Use this article as context, then compare today's rates or ask the AI Mortgage Advisor how it applies to your situation.