Mortgage Rates Are Climbing: What You Need to Know Right Now

Canadian mortgage rates are moving higher again, while inflation remains stuck at 3% and uncertainty around tariffs continues to weigh on the economy. This week we look at what is pushing fixed mortgage rates higher and why some borrowers who waited for lower rates are now seeing the opposite happen. We break down the latest Canadian inflation numbers, rising bond yields, slower mortgage borrowing, household debt, and what the Canada US trade situation could mean for future interest rates. We also discuss Ottawa real estate, the current buyer’s market, why some properties are still selling quickly, and why trying to time the bottom on mortgage rates can backfire. 00:00 Current Market Overview 02:49 Interest Rates and Economic Impact 05:49 Borrowing Trends and Consumer Sentiment 08:53 Real Estate Market Dynamics 11:40 Future Rate Predictions and Economic Outlook 13:59 Global Economic Comparisons 16:57 Preparing for Rate Changes 20:00 Mood Boosts Get in touch with us! Paul Stevenson - Mortgage Agent Level 2 CENTUM Financial Services LP Email: [email protected] Phone: 1-613-263-4543 https://www.paulstevenson.ca David Warren - Mortgage Agent Level 2 Referral Mortgages Email: [email protected] Phone: 1-613-686-6003 https://www.referralmortgages.com If you have a question or topic you'd like to hear us discuss send us an email at: [email protected] or leave us a comment below! New Episodes of the podcast are available on Wednesdays at 10AM on all podcast services and at www.theottawarealestatepodcast.com Brought to you by Referral Mortgages, PaulStevenson.ca, Guertin/Poirier Avocates Lawyers, BIG - Billyard Insurance Group, and A to Z Cleaning Expert.