Canada lost 68,300 jobs in September, its second straight monthly decline, and unemployment rose to 6.5%, erasing this year’s job gains. This was the Bank of Canada’s last labour report before its October 28 decision, and a print this weak makes a rate hike much harder to justify. Fixed rates have still been climbing with the Bank on hold, because the 5-year Government of Canada bond yield pushed above 3.6% this month and the best insured 5-year fixed is near 4.34%. If bond yields ease on today’s news, that’s a good window to lock buyers into a 120-day rate hold, and I’m happy to set one up for any of your clients.

Why these matter: Government of Canada bond yields are the main input lenders use to price fixed mortgages, so fixed rates tend to track them over time.

There are thousands of unique combinations of loan types, terms, and lender programs; a buyer’s exact rate is customized to their specific situation. The daily Rate Ranges give you a reliable baseline, but we always run the actual scenario to give your clients an honest, precise, personalized quote.

The Upsizer Smart Move Campaign

A ready-to-run client campaign for move-up buyers: a five-email sequence plus supporting pieces that walk a homeowner through the move-up decision — the idea, the math, a client story, and a soft introduction to mortgage planning. Built for you to deploy to your own database, end to end.