The Latest in Mortgage News – Home Prices and Rate Hikes

Interest rates, and more specifically the growing certainty of higher rates to come, have been dominating headlines following the announcement of a new trade agreement between Canada, the U.S. and Mexico.

With the expectation of rising interest rates, many eyes are also on the developments in the real estate market, particularly in the Greater Toronto and Vancouver areas. This week we received new home sales data showing diverging paths for these cities.

Here is this week’s roundup of the latest mortgage and real estate news: