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5 Things to Know Today — September 24, 2026

  Thursday, September 24, 2026 5 Things to Know Today Bond yields are hitting levels not seen in decades, Trump and Xi just extended a trade truce, and the Bank of Canada is mired in a near-100-day strike. Here's what Canadians need to know this morning. 1 · Markets TSX Sinks as Bond Yields Hit Multi-Decade Highs The TSX dropped 584 points on Wednesday — a 1.61% slide — closing at 35,751.43 and breaking through its 25-day and 50-day moving averages. It was the worst single-session performance in weeks, reversing three straight days of gains. The selloff was driven by rising energy prices and a global bond market rout that has sent U.S. 10-year Treasury yields toward 5.1%, their highest since 2007, while Canada's 30-year yield hit a level not seen since 2004. Higher yields pull money out of equities and push up borrowing costs across the board. Big bank stocks led the decline — RBC fell 2%, TD dropped 2.4%, BMO shed 2%, and Scotiabank retreated 1.6% — while gold miners added to ...
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New Mortgage Policies Expected to Drive Canadian Home Prices Higher in 2025

 

According to a recent analysis by TD Economics, new federal mortgage policies are set to boost Canadian home prices in 2025. These policies, which include raising the cap on insured mortgages and extending amortization periods for first-time homebuyers, are expected to provide a secondary tailwind to the housing market.

The new measures, effective December 15, 2024, will increase the insured mortgage cap from $1 million to $1.5 million, allowing more Canadians to qualify for mortgages with lower down payments. Additionally, first-time homebuyers and purchasers of new builds will be able to take out loans with a 30-year amortization period.

TD Economics predicts that these changes will result in home sales and average prices being two to four percentage points higher by the end of 2025 than they would have been without the new policies. However, the report also warns that the initial boost in affordability may erode over time, potentially slowing sales volume and price growth by the end of 2026.

While these policies are not expected to trigger a housing boom on their own, they will complement lower interest rates and improving economic conditions, contributing to a more robust housing market. The changes come amid an ongoing affordability crisis driven by population growth, sluggish new construction, and inflation.

Overall, the new federal mortgage policies aim to make homeownership more accessible to Canadians, particularly younger generations, while also addressing the broader housing market challenges.


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