Social Links Widget

Click here to edit the Social Media Links settings. This text will not be visible on the front end.

Real Estate features • 8 May 2026

Mortgage Rates Stabilize as Buyers Reassess Affordability

by Barbara Scarlett

Canada – Mortgage rates at the end of April show relative stability.

Current Rates

Term Insured Uninsured
3-Year Fixed 4.34% 4.79%
5-Year Fixed 4.49% 4.84%
5-Year Variable 4.15% 5.45%

The Bank of Canada policy rate remains at 2.25%, with the prime rate at 4.45%.

Lenders continue to apply stress test rules, requiring qualification at 5.25% or contract rate + 2%.

Related Articles
Real Estate features 🏡 Mother’s Day Open House in Fort Erie | 544 Rosehill Road As the weather finally begins to warm up across Niagara, Mother’s Day weekend feels like the perfect time to get out, enjoy the sunshine, and explore what Fort Erie has to offer. After a long winter and a slow start to spring, many buyers are starting to feel ready to move again — and open […]
Real Estate features Seller Strategy in Focus as Market Shifts Niagara Region, ON – A recent case study highlights the risks of delaying decisions in a changing market. A Niagara seller declined an early offer aligned with market value. Over the following months, market conditions softened, resulting in price reductions and fewer showings. Key takeaway: Early offers in a slower market often reflect peak demand. Real […]
Real Estate features Fort Erie Market Records Sales Growth Despite Price Softening Fort Erie, ON – While prices declined year-over-year, Fort Erie recorded a 4.6% increase in sales activity, signaling continued buyer interest. Fort Erie Snapshot Metric Value Sales (2026) 594 Sales (2025) 568 Price Change -5.70% This combination of rising sales and declining prices suggests buyers are re-entering the market under more favourable conditions.

CENTURY 21 Heritage House Ltd. Brokerage

INFO & SERVICES

link to Century 21 Canada's facebook page Link to Century 21 Canada's Twitter page Link to Century 21 Canada's Instagram page link to Century 21 Canada's YouTube page

225 Garrison Road, Fort Erie, ON L2A1M8

(905) 871-2121

Find a Home

Careers

Terms & Conditions

Privacy Policy

10

Independently Owned and Operated. ®/™ trademarks owned by Century 21 Real Estate LLC used under license or authorized sub-license. © 2020 Century 21 Canada Limited Partnership © 2020 Century 21 Canada Limited Partnership

The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR ® , REALTORS ® and the REALTOR ® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association. Not intended to solicit properties currently listed for sale or buyers under contract.

Century 21 Canada Limited Partnership currently has franchise opportunities available in select markets across Canada. The intent of this communication is for informational purposes only and is not intended to be a solicitation to anyone under contract with another real estate brokerage operation. This e-mail message contains confidential information intended only for the use of the individual or entity named above. Any unauthorized use or disclosure is strictly prohibited. If you have received this communication in error please immediately delete the e-mail and either notify the sender at the above e-mail address or by telephone.

© 2021 MoxiWorks