Canada's Mortgage Rates Are Coming Down, With Record Lows For 10-Year Loans!

There’s a little bit of good news out there for Canada’s increasingly stressed-out homebuyers: The pressure from rising mortgage rates is ramping down, at least a little.

In the latest sign, HSBC has cut its rate on a fixed, 10-year mortgage to 3.24 per cent, while two smaller lenders — Intellimortgage and Butler Mortgage — are offering 3.22 per cent.

According to comparison site RateSpy, these are the lowest rates for that type of mortgage on record.