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Mortgages Rates Remain Low Heading into 2019


Blog by Doriana Zohil, Broker of Record/Owner | January 11th, 2019


One of the many factors that impact real estate in Toronto is mortgages. For 2019, banking experts are suggesting that “there will be flat to low-single digit mortgage growth this year”, as indicated by CIBC’s CEO Victor Dodig. The Bank of Canada is expected to hold its key interest rate at 1.75%, regardless of the recent hikes by the central bank.

Looking at interest rates in greater detail, it’s clear we don’t need to fret about the rates. The key interest rate is currently holding at 1.75%, a decision announced by the Bank of Canada on January 9, 2019. The average since 1935 is approximately 11%. So our current rate is absolutely excellent.

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Courtesy of ratehub.ca

Some have expressed concern about the ‘Stress Test’. Well, let’s just say don’t stress the stress test. Banks have been doing their own form of stress test for years, and quite honestly, this test just ensures you are buying within your means. We always recommend buyers get themselves pre-approved for a mortgage, and then we work within that budget.


Interested in buying real estate in Toronto & the GTA, or perhaps investing in Toronto real estate? At MAC Real Estate, we have excellent knowledge of Toronto and the GTA real estate market. Our local knowledge of the housing market is unparalleled, which makes us savvy when it comes to negotiating and finding you the perfect home or investment property. We are Toronto real estate service specialists.

We’d love to hear from you, so call us today to book your complimentary private consultation.