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Rates Diverge for Insured and Uninsured Borrowers

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With U.S. markets closed for Memorial Day, Canada's 5-year bond yield charted an independent course on Monday. Here's what moved our rates up and down to start the week.

5yr Yield Down 3 Bps With U.S. Markets on Vacation (Updated)

With U.S. markets closed for Memorial Day, Canada's 5-year bond yield charted an independent course on Monday.

Here's what moved our rates up and down to start the week.

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Canadian yields felt the pull of global drama, even though retail sales decided to ignore the chaos and stay perky. Here's what influenced the 5-year GoC rate on Friday, and in which direction.

5yr Yield Down 2 Bps on U.S. Debt & Tariff Jitters (Updated)

Canadian yields felt the pull of global drama, even though retail sales decided to ignore the chaos and stay perky.

Here's what influenced the 5-year GoC rate on Friday, and in which direction.

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OSFI Superintendent Peter Routledge hinted once again that Canada’s banking watchdog might fiddle with or outright ditch the mortgage stress test. He argued that the newer loan-to-income (LTI) limit is better suited to its mandate, "which is to supervise financial institutions, not individual Canadians." 💡The government'

Mortgage Stress Test Could Change Hints OSFI Head

OSFI Superintendent Peter Routledge hinted once again that Canada’s banking watchdog might fiddle with or outright ditch the mortgage stress test.

He argued that the newer loan-to-income (LTI) limit is better suited to its mandate, "which is to supervise financial institutions, not individual Canadians."

💡
The government's mortgage stress test demands that borrowers at federally regulated lenders prove they can afford a rate that is the greater of 200 bps above their contract rate or 5.25%.
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Much of the 58 bps burst in 5-year GoC yields since April 4 is "being driven by increasing term premiums," according to a new Desjardins report by rates strategist Royce Mendes.

Canadian Yields are Being Dragged Higher by the U.S.

Much of the 58 bps burst in 5-year GoC yields since April 4 is "being driven by increasing term premiums," according to a new Desjardins report by rates strategist Royce Mendes.

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Canadian yields inched lower today, largely because U.S. Treasury yields decided to lead the conga line off a mild cliff. Here's a comprehensive breakdown of what moved government rates, and in which direction:

5yr Yield Down 2 Bps After U.S. Bonds Rally

Canadian yields inched lower today, largely because U.S. Treasury yields decided to lead the conga line off a mild cliff.

Here's a comprehensive breakdown of what moved government rates, and in which direction:

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That was just one revelation in this year's annual Mortgage Consumer Survey from CMHC. The report remains one of the industry's go-to peepholes into the psyches of mortgage hunters. Below are nine data-driven insights from the study, plus nine ways to turn the data into deals.

65% of First-timers Max Out Purchase Price: CMHC MCS

That was just one revelation in this year's annual Mortgage Consumer Survey from CMHC. The report remains one of the industry's go-to peepholes into the psyches of mortgage hunters.

Below are nine data-driven insights from the study, plus nine ways to turn the data into deals.

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With no new domestic data to distract traders, Canadian yields largely played follow-the-leader with their American cousins. Here were the day's catalysts, and the direction they moved rates in:

5yr Yield Up 9 Bps in Lockstep with Treasuries (Updated)

With no new domestic data to distract traders, Canadian yields largely played follow-the-leader with their American cousins.

Here were the day's catalysts, and the direction they moved rates in:

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