Canada’s bond yields are on a relentless ascent, posing significant implications for the real estate landscape. The rising bond yields are pushing mortgage costs higher. This surge in rates is unique because it’s likely to persist for a more extended period than in the past two decades.
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Rising Bond Yields Impact: The Challenge for Canadian Interest Rates
The Government of Canada’s (GoC) 5-year bond yield is reaching multi-year highs, affecting borrowing costs for homeowners. The global trend of “higher for longer” interest rates prompts a major Canadian bank to scale back rate cut forecasts. Read on for more on how the rising bond yields impact Canadian interest rates.
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