For GTA homebuyers navigating an uncertain economic climate, the latest analysis from mortgage strategist Robert McLister offers a glimmer of hope. While global oil market volatility continues to exert pressure on inflation and bond yields—the primary drivers of mortgage pricing—two key trends are currently tilting in favour of borrowers. First, core inflation has shown resilience, recently nearing the Bank of Canada’s two per cent target. Second, fixed mortgage rates remain relatively stable, sitting only 15 to 30 basis points higher than they were before current geopolitical tensions escalated. For those looking to lock in, some offers are still starting with a ‘three,’ providing a rare point of stability. While experts remain divided on the likelihood of future rate hikes, the current environment suggests a potential reprieve for variable-rate borrowers. For a deeper dive into these trends, read the full analysis at the Financial Post.
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