Canada's economy grew 3.3% last quarter, its best showing since early 2023, and Statistics Canada also revised the first quarter upward — meaning the recession everyone was bracing for never actually happened. Before anyone panics about rates, the Bank of Canada is widely expected to sit still on September 2nd, so prime stays at 4.45% and your variable-rate clients won't see a change. The real pressure on fixed rates isn't coming from Canada at all — it's coming from the new U.S. Fed chair, who signalled Friday that his next move could be a rate hike, and American bond yields pull ours up with them. Fixed rates have crept up roughly 15 basis points in three weeks, which is a slow grind rather than a spike, so get your buyers a 90-to-120 day rate hold — it costs them nothing and caps their downside either way.

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.