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Mortgage rates often dominate real estate conversations, especially at the start of a new year. Buyers fixate on rate drops. Sellers worry higher rates will stop activity altogether. But in reality, rates are only one part of the decision-making framework.
As we enter 2026, borrowing costs in Canada have stabilized compared to the volatility of recent years. Fixed and variable options are both present, and while qualification rules remain strict, buyers are no longer navigating constant surprise increases. This stability allows decisions to be made with more confidence.
What matters more than the rate itself is how it fits into your broader financial picture. Monthly affordability, long-term plans, and flexibility all carry more weight than chasing the lowest advertised number. Many buyers who waited for “perfect” rates in the past found themselves facing higher prices later.
For homeowners, rates influence timing but do not eliminate opportunity. Strategy, pricing, and patience remain the dominant factors.
Understanding how mortgage rates interact with your goals — rather than reacting emotionally — is where clarity begins.
To explore how market conditions and borrowing costs affect real decisions, watch my Value Series on Instagram or YouTube.
