Real Estate

Sweet-spot mortgage terms and 2025 predictions: Canadian real estate news for July 22

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Home of the Week – 77 Forest Hill Rd.Rob Holowka/Handout

Here are The Globe and Mail’s top housing and real estate stories this week, with the lowest mortgage rates available in Canada today, commentary from our mortgage expert and one home worth a look.

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Mortgage rates today range from bad to horrible, but there is a sweet spot

The cheapest mortgage rates today are for a fixed term of five years, but who wants to lock in for five years when rates are thought to be peaking, asks Rob Carrick. One-year mortgages make sense strategically because renewing in 12 months could let you tap into those lower rates, but the premium you’ll pay for having that opportunity is huge. Is there a sweet spot compromise between the two?

Why some mortgage renewal payments could rise into

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