Calgary mortgage borrowers are seeing some relief as yields decline, with the 5-year Government of Canada bond yield down over 30 basis points since mid-May. This decrease in yields is expected to have a positive impact on mortgage renewals, with about 1.8 million set to renew in 2026.
The recent Hormuz Strait deal has contributed to the decline in yields, and as a result, fixed-rate borrowers may see little change. However, variable rates are still considered the better option, according to BMO senior economist Robert Kavcic.
For Calgary buyers, sellers, and investors, this means that mortgage renewals may become more manageable, especially with the peak renewal period happening now. As the market continues to evolve, it's essential to stay informed about the latest developments and how they may impact your mortgage or investment decisions.
Sources: Better Dwelling