mortgage rates

Mortgages & refinancing

Ontario’s Sub‑6% Mortgage Surprise: What First‑Time Buyers Need to Know in 2026

When a thermostat finally dips below the summer high, homeowners feel instant relief - and the same thing happened to Ontario’s mortgage market in early April 2026. The headline 5-year fixed rate slipped to 5.85%, cracking the 6% ceiling that has loomed for three years. For a first-time

Mortgages & refinancing

How First‑Time Buyers Saved $48,000 by Locking a Sub‑6% Mortgage in 2024

When the market’s thermostat drops just a few degrees, a savvy borrower can turn that chill into a warm-up for their wallet. In June 2024 the average 30-year fixed slipped 0.75 percentage points, opening a narrow window for first-time owners to lock in rates below 6 %. The story