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
RBC and NBC are the latest big banks to hike fixed mortgage rates + MORE Jun 3rd
RBC and National Bank became the latest Big 6 banks to increase their posted fixed rates this week, following previous increases by BMO and CIBC..... More »
Mortgage rates under 5%? They’re coming back as lenders slash fixed rates + MORE Dec 7th
For the first time since last spring, mortgage shoppers finally have a condition-free sub-5% fixed mortgage rate option..... More »
As expected, rates are beginning to fall + MORE Jul 17th
Some good news on mortgage rates…
Mortgage Brokers are receiving good news this week from many financial institutions. Wholesale fixed mortgage rates are falling. Great news for anyone buying, refinancing or renewing their mortgage in the near future.
The news co.... More »
First National saw revenue rise 29% in 2023 despite drop in residential mortgage volumes + MORE Mar 10th
First National wrapped up a "successful" 2023 in spite challenging economic conditions and a drop in residential mortgage originations..... More »
How high will interest rates go in Canada? Could they reach double digits? Jul 30th
We’re in the midst of a cost-of-living crisis—with sky-high grocery prices and mortgage rates that would have been inconceivable 18 months ago. To fight inflation, the Bank of Canada (BoC) has increased the policy interest rate by a total of 475 basis points (4.75%) since March 2022 (a basis.... More »
This millennial making $110,000 helps her family with mortgage, groceries. Is it time to buy a place with her boyfriend?
– thestar.com
‘Can we even afford anything in the GTA. Is it smart to buy?’ Leanne asked. ‘The market is insane.’Canadian home prices fall 6% in April, down for 2nd month in a row CBC NewsCREA reports home sales down in April as mortgage rates rise Parksville-Qualicum Beach NewsCanadian New Home Starts Remain High But Have Cratered In Toronto – Better Dwelling Better DwellingHome sales down 42.1% in Mississauga from the same time last year | inSauga insauga.comCanada Mortgage and Housing Corp. reports annual rate of housing starts rose in April – Business News Castanet.netView Full coverage on Google News
Equitable reports record earnings, sees reverse mortgages soar 262%
– canadianmortgagetrends.com
Despite a slowing housing market at the end of the first quarter, Equitable Group posted its best-ever quarter with net income up 27% on strong origination growth.
