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
rbc.com • 2026-04-16
March marks four years of declining home prices in Canada rbc.com
Canadian mortgage borrowers are experiencing relief as banks have begun lowering their fixed mortgage rates. This comes amid increasing evidence that inflation is moderating and financial markets are anticipating rate cuts from the Bank of Canada later this year. The most competitive fixed rates have dropped to about 4.7% from a previous range of 5%–5.5%, following declines in the bond market yields that guide fixed rate pricing.
The Globe and Mail • 2026-04-16
The week’s best fixed and variable mortgage rates The Globe and Mail
Toronto Star • 2026-04-16
Rise in mortgage defaults predicted by bank watchdog amid Trump tariffs, war in Iran Toronto Star