Global banks are rethinking Canada's rate path as inflation climbs past the BoC's 2% target

A widening split in Canada's office market carries fresh risks for commercial lenders

Rising bond yields are pushing fixed rates higher, but experts are divided on whether Bank of Canada hikes will erode the savings offered by variable mortgages.

Toronto-Dominion Bank has downgraded its outlook for Canada’s housing market in 2026 and is calling for home sales to fall five per cent as higher bond yields take their toll.

Toronto and Vancouver housing markets have sunk to the bottom of UBS's 2026 global real estate bubble rankings. Inflation-adjusted home prices in both cities fell by around 10% over the past year, the steepest declines among the 23 cities the Swiss bank tracks.

The Bank of Canada is likely to raise interest rates at its next two meetings as the Middle East conflict creates the risk of broader price pressures, a senior macro strategist at Manulife said.

The Bank of Canada is navigating a difficult crossroads ahead of its October 28 rate decision, with Governor Tiff Macklem warning that higher borrowing costs remain a live possibility.

A second wave of amendments to Ontario's Residential Tenancies Act (RTA) took effect on September 21, cutting the repayment window for tenants in arrears in half and reshaping the terms that govern rental investments across the province.

'Speculation is gone, investors are absent, and prices are holding flat': BMO's Kavcic

Starts are down 4% year-to-date as CMHC warns of continued weakness ahead

Canadian home sales fell in August for the first time since spring, as rising inflation risks and the renewed prospect of a Bank of Canada rate hike threatened to cut short a tentative housing market recovery, the Canadian Real Estate Association (CREA) reported.

Major lenders have raised fixed rates, while some borrowers may face larger increases as discretionary discounts disappear.

Household debt burdens eased as income growth outpaced debt payments, but mortgage interest costs continued to climb.

The number of homes available for sale in August 2026 was down noticeably compared to last year in the Greater Toronto Area (GTA). Following this trend, home sales also edged lower, as the number of transactions was arguably limited by less choice in some neighbourhoods. Less choice and more competition between buyers could ultimately result in renewed price growth in the months ahead.

The Bank of Canada held interest rates steady for a seventh consecutive meeting as an escalation in the trade war with the U.S. threatens growth and creates the risk of new inflation pressures.

Single-family sales surge while condos wait for a rebate that hasn't fully arrived

RBC projects a modest recovery into 2027, but regional fault lines remain deep

The Bank of Canada is likely to hold borrowing costs steady, as an escalation in the trade war with the U.S. threatens the economic recovery while adding to inflation risks.

Recent months have already seen upward pressure on fixed rates, a trend that could intensify as US-Canada trade relations worsen

Mortgage delinquencies remain low nationally, but borrowers in Canada's most expensive housing markets are showing greater signs of strain.