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
mpamag.com • 2026-03-02
Variable mortgage interest rises, but fixed holds strong: Rates.ca mpamag.com
Canada’s financial regulator, the Office of the Superintendent of Financial Institutions (OSFI), has decided not to tighten the mortgage stress test for uninsured borrowers, keeping the minimum qualifying rate at the higher of 5.25% or 2 percentage points above the contract rate. OSFI cited a less extreme risk environment compared to previous years and indicated that current standards are seen as robust enough to handle existing risks in the housing and mortgage markets.
WestCentralOnline • 2026-03-01
CMHC says housing affordability pressures easing nationally, remain high in major cities WestCentralOnline
Canadian Bankers Association • 2026-02-27
Mortgages in arrears in Canada – what the numbers mean Canadian Bankers Association