Canadian Mortgage Costs To Hit “Inconceivable” Levels After Bond Yields Surge: BMO

Canadians should say good-bye to the 15-or-so year experiment with cheap debt, because it’s over. Government of Canada (GoC) 5-year bond yields continued to boom, accelerating this week. The yield now sits at the highest level since before the Great Recession and isn’t expected to slow down. Mortgage rates will see a big impact from … Continue reading Canadian Mortgage Costs To Hit “Inconceivable” Levels After Bond Yields Surge: BMO