As the Canadian real estate market continues to evolve, it’s essential for home buyers and investors to stay informed about the latest trends and developments. In this month’s news roundup, we’ll explore how the war in the Middle East is impacting mortgage rates in Canada, the best 3-year fixed mortgage rates in Canada for 2026, why breaking your mortgage could cost more, the current mortgage rates, and the Vacant Unit Tax in Hamilton.

**Mortgage Rates Impacted by Middle East War**

The ongoing war in the Middle East is having a ripple effect on mortgage rates in Canada. As seen in a recent report by CBC, the conflict is driving up global oil prices, which in turn is increasing the cost of borrowing. This means that mortgage rates may rise in the coming months, making it more challenging for home buyers to secure a mortgage.

Read the full article on CBC

**Best 3-Year Fixed Mortgage Rates in Canada**

For those looking to secure a mortgage in 2026, Forbes has compiled a list of the best 3-year fixed mortgage rates in Canada. With rates ranging from 4.5% to 5.5%, home buyers have a range of options to choose from. It’s essential to shop around and compare rates to find the best deal for your needs.

Learn more about the best 3-year fixed mortgage rates in Canada on Forbes

**Breaking Your Mortgage: A Costly Decision**

As mortgage rates rise, breaking your mortgage may seem like a tempting option. However, as reported by Canadian Mortgage Trends, breaking your mortgage can come with significant costs. With penalties ranging from 3-6 months’ interest, it’s essential to consider the long-term implications before making a decision.

Read the full article on Canadian Mortgage Trends

**Current Mortgage Rates**

For those looking for the latest mortgage rates, The Globe and Mail has compiled a list of the best fixed and variable mortgage rates available in Canada. With rates ranging from 4.5% to 6.5%, home buyers have a range of options to choose from.

View the current mortgage rates on The Globe and Mail

**Vacant Unit Tax in Hamilton**

For property owners in Hamilton, the Vacant Unit Tax is an important consideration. As reported by the City of Hamilton, the tax is designed to encourage property owners to maintain their properties and prevent vacancy.

Learn more about the Vacant Unit Tax in Hamilton

As the real estate market continues to evolve, it’s essential to stay informed about the latest trends and developments. Whether you’re a home buyer, investor, or property owner, we hope this news roundup has provided you with valuable insights and information to help you navigate the market. If you have any questions or would like to discuss your options further, please don’t hesitate to contact us.