What many Canadians may be unaware of is that fixed interest rates have already dropped 75 basis points from their peak last fall. In today’s dynamic housing market, there is one burning question on everyone’s mind: “When will interest rates drop?" The answer to that question depends on who you ask:What many Canadians may be unaware of is that fixed rates have already dropped 75 basis points from their peak last fall.
A movement that was triggered by developments across the border, causing our five-year bond yield to react and banks to lower their fixed rates in response. If you didn’t hear about this though, you’re not alone. This vital information has gone largely unpublished in the media — outside of real estate and mortgage-focused outlets — leaving most consumers and even other real estate professionals in the dark. This is a crucial story that we simply can’t ignore. The lack of widespread media coverage on this topic has resulted in an unfair advantage for many homebuyers in an already supply-scarce environmen
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