Kelly Pullen

1 week ago | financialpost.com | Kelly Pullen |Robert McLister

Advertisement 1Robert McLister: Housing market might be closer to eliminating a strong headwindArticle contentIn financial markets, the old adage is that the only certainty is uncertainty. If economists knew what was coming next, they’d be trading instead of teaching. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. We apologize, but this video has failed to load.

2 months ago | financialpost.com | Robert McLister |Kelly Pullen

Not only are variable rates down, but so are the majority of leading nationally-advertised fixed rates. If you’re a default-insured borrower, you’re suddenly shopping in the “three per cent section,” which, only a few months ago, had the same selection as the toilet paper aisle in 2020. Apart from the 25 basis point dip in variable rates — courtesy of last week’s Bank of Canada rate cut — many fixed rates are down 10 to 30 basis points.

Mar 6, 2025 | financialpost.com | Kelly Pullen |Robert McLister

So, how did you enjoy the first month of the Trump presidency? Theoretically, if all someone cared about was mortgage rates, they’d be pretty happy right now. Trump’s tariff antics have pounded bond yields, in turn pushing down fixed mortgage rates given the relationship between the two. The good news is, lower rates are lessening payment shocks on mortgage renewals. The bad news is the shock of not having a job as a result of a trade war.