Salmaan Farooqui
- Indexed articles, last 90 days
- 22
- Latest publication
- Oct 1, 2026
- Outlet visibility, for The Globe and Mail
- Top 10K sites
- Earliest in this view
- Jul 9, 2026
Latest articles
Economic malaise is holding back the housing market - and potentially limiting rate hikes (opens the original)
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Canada’s gross domestic product numbers released this week were unchanged from a month prior, but some economists see the impact of the U.S. trade war looming ahead. Tariff threats and lower immigration will likely limit Canada’s GDP growth to just 1.5 per cent in the coming year, said Bradley Saunders, North America economist with Capital Economics, in a report this week. There’s a silver lining for mortgage holders with variable rates. Has the arithmetic on variable vs. fixed mortgages changed
Realtors predicted a modest housing comeback this year. Rising mortgage rates are now dashing those hopes (opens the original)
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There were hopes that Canada’s beleaguered housing market would see modest increases in activity in 2026, but the trade war and surging oil prices dampened those expectations. Now, rising mortgage rates have quashed any hopes of a comeback. Bond yields have spiked in recent weeks, with the Canada five-year bond yield reaching a new two-year high of 3.72 on Thursday. Lenders base their long-term fixed mortgage rates on the performance of that bond, and their rates have jumped by more than 0.25 pe
Has the arithmetic on variable vs. fixed mortgages changed? These brokers think so (opens the original)
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In the past few weeks, the cheapest five-year fixed mortgage rates jumped to the low-4-per-cent range from the high-3-per-cent range, all while the cheapest variable rates sit at 3.4 per cent. In some cases, shoppers may find a difference of almost a percentage point between the cheapest variable and fixed rates they’re offered, Toronto-based mortgage broker Ron Butler says. So is a variable mortgage now looking like a much better deal? Mr. Butler certainly thinks so, and that’s despite the fact
Rents in tariff-exposed cities fall faster than those least affected by trade war (opens the original)
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Rental rates are dropping nearly four times faster in cities that are the most exposed to U.S. tariffs than in the communities least affected by the trade war, according to new data from Rentals.ca and Urbanation. Tariff-exposed cities, such as Oshawa, Ont., Kitchener-Waterloo, Ont., and Hamilton, face added headwinds to an already beleaguered rental market, Shaun Hildebrand, president of Urbanation, said in an e-mail. These three cities, hubs for auto manufacturing, steel and industrial exports
Higher mortgage rates will add more downward pressure on housing prices, economists say (opens the original)
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Last week’s major spike in bond yields has now translated into higher mortgage rates, and economists expect that will add more downward pressure on housing prices. The lowest advertised five-year fixed mortgages on Ratehub.ca jumped by 15 basis points since last week, as market fears around inflation, U.S. fiscal policy and oil prices caused the Canada five-year bond yield to jump to 3.7 per cent earlier this week. It was the highest level since 2024 for the bond, which greatly affects how mortg
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