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u/GranolaHiker

▲ 460 r/CanadaMortgages+2 crossposts

I see so many posts of people taking the absolute max the bank will offer them for a mortgage and stretching themselves as thin as possible.

I recently found out the average Canadian pays off their mortgage at around 57-60. So this implies to me most people are just making the minimum payments for the entire duration of their mortgage.

People are stretching their terms to the max, and paying the absolute minimum they can every month to get into a nicer home that they actually cannot afford.

reddit.com
u/CastAside1812 — 16 days ago
▲ 290 r/CanadaMortgages+1 crossposts

TLDR:

  • Ottawa plans to buy up to C$30 billion of Canada Mortgage Bonds in 2026, continuing a program meant to support funding for insured mortgages and help keep the fixed-rate mortgage market stable.
  • The article explains that these bonds matter because lenders often price fixed mortgage rates off CMB yields plus a spread, so government buying can modestly lower lenders’ funding costs and put downward pressure on fixed mortgage rates.
  • It also notes that this does not directly guarantee cheaper mortgages, since broader bond-market moves and lender pricing still matter, and fixed rates had already risen in early 2026 despite the program because yields were pushed up by oil-price shocks and geopolitical uncertainty.

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My thoughts:

Isn't this just a bailout in disguise? CMHC mortgages are essentially the most at risk with highest LTV and with owners that have the most at-risk jobs?

u/GranolaHiker — 1 month ago