Cheaper oil is doing mortgages a (slight) favour

Oil price declines are providing modest relief to mortgage rates, with fixed rates easing downward as energy costs fall. The drop offers a slight benefit to borrowers seeking fixed-rate mortgages in Canada.

Home sales rise in May, reverse mortgages hit the gas, the Home of the Week and more top real estate stories

Home sales increased in May, marking a positive shift in the Canadian real estate market. The article also highlights a surge in reverse mortgage activity and provides current mortgage rate information for both fixed and variable options across Canada.

Why mortgage brokers tend to favour variable rates over fixed

Mortgage brokers tend to recommend variable rate mortgages more often than banks do. Banks have a reputation for favoring fixed-rate mortgages in their sales practices, creating a difference in how these two types of lenders present mortgage options to borrowers.