Why Variable‑Rate Mortgages Are Gaining Popularity Again in Canada in 2025

By mid‑2025, the Bank of Canada’s overnight policy rate will have fallen to 2.75%, resulting in a prime rate around 4.95%, with projections to decline further by year-end. At the same time, long-term 5‑year Government of Canada bond yields remain volatile, pushing fixed mortgage rates sky‑high, often near or above 6%. Mortgage Renewals Driving the […]