Why Mortgage Rates Are Being Pulled in Two Directions

What Homeowners in British Columbia and Alberta Should Know

Mortgage rates have been one of the most talked-about topics in Canadian real estate over the past few years. Every announcement from the Bank of Canada tends to spark speculation about whether rates are about to drop, stay the same, or climb again.

But the reality is that mortgage rates today are being pulled in two different directions at the same time.

For homeowners and buyers in British Columbia and Alberta, understanding these competing forces can help make sense of the headlines and allow you to make more informed decisions about your mortgage strategy.