Amid continuing pandemic impacts, consumer expectations for wage growth and overall purchasing power remain moderate, according to the Bank of Canada.
This is de…
As 2021 rumbles to a close and mortgage professionals start to look ahead to the next calendar year, one of the big questions ahead will be whether variable-rate …
Canada’s mortgage market grew at its fastest pace in over 10 years in the first half of 2021, according to new data released by the Canada Mortgage and Housi…
Expectations for the first interest rate hike have moved up to as early as April as inflation concerns grow and supply disruptions persist.
Nearly half of C…
As 2021 rumbles to a close and mortgage professionals start to look ahead to the next calendar year, one of the big questions ahead will be whether variable-rate …
Canada’s mortgage market grew at its fastest pace in over 10 years in the first half of 2021, according to new data released by the Canada Mortgage and Housi…
Expectations for the first interest rate hike have moved up to as early as April as inflation concerns grow and supply disruptions persist.
Nearly half of C…
What is a Private Lender and Why Might I Need One? In this article, we’re going to look at private lenders and why you might need one. What is a Private Lender? A…
The national average home price re-accelerated in September, returning to a level last seen in May, housing supply continued to trend down.
The average sell…
A growing number of lenders have been raising interest rates over the past week in response to rising bond yields, including RBC, BMO and National Bank of Ca…
How Much Can I Afford? Mortgage Debt Ratios Are you ready to go out and buy a home, and you’re curious how much you can afford? This is where mortgage debt ratios…
Bank of Canada Governor Tiff Macklem said the economic recovery is on track despite disappointing output growth, but warned there’s a risk…
Following a summer slowdown in home sales, activity started to pick up again in the country’s largest cities as the typically busier fall homebuying season k…
TD Bank and CIBC were the first of the Big 6 banks to reverse their recent mortgage rate cuts last week.
Exactly two weeks after TD Bank cut its special-off…
Everything You Wanted to Know About Cashback Mortgages Are you considering signing up for a cashback mortgage? You’ve come to the right place. In this article, we…
Despite higher home prices and larger mortgages, monthly housing costs are currently lower for homeowners—on average—compared to renters…
High home prices and buyer expectations of continued price growth have put the country’s housing market at increased risk of a correction, Canada’s housing a…
A potent combination of factors including home price growth acceleration, continued overvaluation, and stagnant labour incomes has introduced a high degree of vul…
Some of Canada’s Big 6 banks made headlines last week by lowering fixed mortgage rates, but might they soon have to pull a U-turn?
Bond yields rose sharply …
Throughout the COVID-19 pandemic, the value of Canada’s mortgage broker community has never been clearer, with homebuyers turning in increasing numbers to mortgag…
Even More, Common Mortgage Questions Answered In our third instalment of common mortgage questions, let’s go over things that can affect your mortgage approval, a…
With Canadian Prime Minister Justin Trudeau’s re-election to a third term, the Big Six banks will likely see several of their income streams (including more expen…
The Ontario Teachers’ Pension Plan Board has taken a major investment stake in Canada’s rapidly growing reverse mortgage market with its acquisition of HomeE…
“CMP celebrates 38 brokerages that have established themselves as the finest in the Canadian mortgage industry.”
Ontario Teachers’ Pension Plan Board has announced that it will be acquiring HomeQ Corporation, the parent company of reverse mortgage industry leader HomeEquity …
There’s a new reverse mortgage provider in town.
Bloom Finance Company rolled out its reverse mortgage product for Ontario homeowners aged 55+ this week, wi…
The Liberal Party of Canada has secured the most seats in the 44th Canadian federal election, handing Justin Trudeau a third successive term as prime minister, al…
3 More Common Mortgage Questions Answered Last week we went over common mortgage questions. We didn’t get to cover all questions, so we thought we’d revisit the t…
CIBC became the second Big 6 bank to cut its 5-year fixed mortgage rate this week.
The bank dropped its rates by 5 basis points, bringing its special-offer …
National home prices posted their first monthly increase since February as housing inventory tightened further to “extremely low” levels, the Canadian Real E…
Sadly, cancer touches us all in some way, either personally or through colleagues, acquaintances and those we love.
Here are some sobering statistics…
What’s on the mind of mortgage professionals ahead of the September 20 election?
From rising inflation and falling consumer confidence to changing lifestyle choices, Canada’s mortgage market impacts from multiple fronts…
As Canadians head to the polls for a federal election, there’s an unprecedented amount of focus on accessible and affordable housing. Unlike previous years where …
3 Common Mortgage Questions Answered When it comes to mortgages, sadly, we don’t learn about this stuff in school. It’s up to us to do our research and figure out…
Since the start of the pandemic, the Bank of Canada has been buying up billions of dollars worth of bonds each week, which has helped keep borrowing costs, including…
While Canadian homeowners have on average $359,597 in mortgage debt, they are still generally dealing better with the costs of living than non-owners, according to a…
Comparing 2020 to 2021, the share of first-time buyers using windfalls as home down payments was higher for each month and has kept increasing, according to online…
The Bank of Canada delivered a status quo rate decision today, keeping its target rate and bond purchases unchanged.
This was expected, in part due to the Bank’s…
Weaker-than-expected economic data may have thrown a splash of cold water on Canada’s current economic recovery, but isn’t likely to figure into the Bank of Canada’s…
What is Rent to Own? You may have heard of the concept of rent to own. It can be a good way for landlords to make money and a good way for tenants to get into the…
More than three-quarters of Canadians (77%) believe home prices in suburban and rural areas have risen to unsustainable levels, and most feel that ultra-low interest…
After reaching overheated territory earlier this year, risks to the country’s housing market are now easing as prices and activity moderate…
Driven by a strong housing market and low interest rates, mortgages saw record growth across the country in the second quarter.
Nationwide, volume was up 60.2% comp…
Canada’s main political parties have been unveiling housing promises over the past couple of weeks, each outlining how they plan to tackle the predominant housing…
CIBC and TD Bank closed out the third-quarter earnings season for the Big 6 banks with impressive profits, much like their peers that reported earlier in the week…
Prime Minister Justin Trudeau has promised to introduce a two-year ban on foreign home buyers and make the home purchasing process more transparent if re-elected…
Canada’s inflation rate came in above expectations last week, rising to its highest level in more than a decade.
If above-target inflation persists, it could have…
Mortgage debt in Canada soared above $1.7 trillion in June, growing at a monthly pace never before seen, according to Statistics Canada.
The new figures show mortgage…
Real estate activity and home prices across Canada continue to retreat from their March peak, but record-low inventories are keeping many local markets “extremely…
The Different Types of Lenders – Banks vs. Credit Unions vs. Monolines Many Canadians automatically go to their local bank branch for a mortgage. This can be a hu…
Mortgage lenders, brokers and brokerages across the country are developing contingency plans for clients whose closings will be impacted by the new September…
Following improvements in 2020, housing affordability worsened in the second quarter of this year by its widest margin in 27 years.
The main culprit was due to rising…