Canada Lost 42,000 Jobs. Why Have Fixed Rates Not Dropped?
Canada lost 42,000 jobs in August, the five year bond yield remained near 3.39%, and Interior British Columbia homes took an average of 73 days to sell.
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Clear, practical insight into mortgage rates, local real estate, a featured listing, and what's happening around the region this weekend.
Canada lost 42,000 jobs in August, the five year bond yield remained near 3.39%, and Interior British Columbia homes took an average of 73 days to sell.
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Canada grew at a 3.3% annualized pace in the second quarter, the five year bond yield moved higher, and British Columbia set its 2027 rent increase limit at 2.2%.
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The five year bond yield finished near 3.36%, advertised variable rates remain below five year fixed rates, and new United States tariffs took effect after trade talks collapsed.
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Mortgage relief may be available for homeowners affected by the Okanagan wildfires. Bond yields provided some relief, BC sales remain below typical levels, and a Red Deer purchase illustrates a different affordability opportunity.
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Canada added about 75,000 jobs in July, unemployment declined to 6.4%, and bond yields moved higher. Fraser Valley prices remain below last year, creating opportunities for prepared buyers.
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The Bank of Canada is balancing inflation risk against slower economic growth. The five year bond yield reached an intraday reading of approximately 3.274% and is about twenty basis points higher than one month ago. Here is what that means for buyers, renewing homeowners, and variable rate borrowers.
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Metro Vancouver has roughly 7.1 months of housing supply and a benchmark price that is 6% lower than a year ago. Bond yields are also moving higher. Here is what buyers, homeowners, and renewing borrowers should know this week.
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RatesFeatured PropertyWeekend EventsConnect Weekly Market Update, July 17, 2026Fixed or Variable? The Rate Gap Is Getting Hard to IgnoreMortgage rates, a River Springs property spotlight, and your weekend guide The…
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July 10, 2026 · Weekly Market Update Strong Jobs Report Keeps Rate Cuts on Hold. Here’s What to Watch Next. This Week’s Market Note +18K June Jobs Added 6.5% Unemployment…
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July 3, 2026 · Weekly Market Update Strong GDP. Steady Rates. Here’s What to Watch This Summer. This Week’s Market Note +0.5% Apr GDP Growth (MoM) ~3.0% 5-Yr Bond Yield…
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