Mortgage rates began to increase in March

Mortgage Rates

Mortgage Rates began to increase in late February, following the rise of global bond yields. While the Bank of Canada has promised to maintain low-interest rates until at least 2023, bond markets are predicting increases as early as 2022. While this failed to have a significant impact on February sales, it is likely that the impacts of more expensive financing and the perception of missing out on low-interest rates will be seen in the later months.