Rates are expected to stay relatively stable in 2026, with most forecasts placing 5-year fixed mortgages between 3.7% and 4.8%.
Gradual easing is possible through 2027–2030, as inflation moderates and the Bank of Canada maintains a neutral policy stance.
Fixed-rate mortgages will remain driven by bond yields, meaning geopolitical events, inflation, and government borrowing could keep rates volatile.
Sub-2% pandemic-era rates are unlikely to return, but a more predictable borrowing environment should gradually improve affordability by the decade's end
