* Trigger risk fades: Of the 1 in 3 mortgages with floating rates, about 75-80% have fixed payments, and about "three-quarters" of fixed-payment variables have hit their trigger rate, estimates Desjardins Economics. The BoC's pause has eased trigger rate concerns, but if rates do resume higher "

Canada's mortgage rate market has been deader than a mausoleum. Leading 5-year uninsured rates haven't changed for weeks, and the only nationally-best offer that moved this week was the insured 4-year fixed, up five bps. Mortgage rates have been in limbo largely because yields are stuck

When a central bank stops hiking rates, there inevitably come times when they second-guess themselves. Today is going to be one of them. The real estate numbers that CREA just dropped displayed a resilience that doesn't jibe with 300-425 bps of rate increases and potential recession. BoC governor

Some have called it the worst-kept secret in the mortgage industry. Now, the secret is reportedly becoming a reality. While not official yet, here's what we've been told thus far...