Canadian Mortgage Rates Rise Again

A major bank recently lifted several advertised mortgage rates in Canada, with fixed terms moving ↑5 to ↑20 basis points and variable options edging higher.
Another major bank made a smaller move, lifting its 2-yr fixed offer by ↑10 basis points, while other major banks had already repriced select terms.
The repricing followed elevated bond yields, with Canada's 5-yr government bond yield shaping fixed mortgage pricing after touching a 52-week high in Late-Q3.
That same 5-yr yield moved from the high-3% range to the mid-3% range recently, but mortgage pricing at banks can lag bond moves.
These changes affected publicly advertised bank rates in Canada and did not reflect mortgage offers available through the broker channel, a key distinction for borrowers.