Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Latest in Mortgage News: House Price Growth to Cool by End of Year: TD + MORE May 1st
TD Bank is forecasting that home prices have further to rise yet before finally starting to lose steam by the end of the year. “…with markets remaining historically tight, more near-term gains are in the cards,” wrote TD economist Rishi Sondhi in a recent report. But, with home pri.... More »
OSFI eyes loan-to-income rules to replace stress test as industry weighs implications Jun 8th
Canada’s banking regulator is weighing a major overhaul to how borrowers qualify for mortgages, one that could have significant implications for banks, brokers and homebuyers alike..... More »
The latest in mortgage news: BoC rate hike expectations grow May 13th
The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year..... More »
Where to find a home under $1 million in Canada + MORE Sep 4th
If you figured you’d never be able to buy a home in Canada, we have some good news: home prices have been stalled or falling in most of the country’s major markets over the past two years. Mortgage rates are higher than they were five years ago, which affects the size of monthly payments, but th.... More »
Mortgage brokers rated their lenders, and these are the results + MORE Apr 16th
If you want to know how mortgage lenders are performing in today’s volatile market, who better to ask than a mortgage broker?.... More »
The number of homes sold in Toronto and the surrounding area fell in 2018 as homebuyers and sellers grappled with a new reality of higher interest rates and stricter mortgage rules.
Q4 2018 Bank Earnings – Mortgage Morsels
– canadianmortgagetrends.com
Looking back on 2018, it may have been a challenging year for the housing and mortgage markets, but it would be hard to tell judging by the $45.3 billion in collective profits made by the Big Six banks. They wrapped up the financial year with profits up an average of 13% over last year, even […]
The number of homes sold in Toronto and the surrounding area fell in 2018 as homebuyers and sellers grappled with a new reality of higher interest rates and stricter mortgage rules.
