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
Scotiabank’s return to competitive mortgage pricing is “huge” for brokers + MORE Aug 2nd
Scotiabank is back. After “intentionally slowing” its mortgage portfolio last year due to funding constraints, Scotiabank has announced to its broker partners that its competitive pricing is back, along with an expanded retail package program. As Ron Butler of Butler Mortgage described, .... More »
Frustrated with mortgage tech? You’re not alone + MORE Feb 14th
For the past few years, mortgage brokers have been presented with a seemingly non-stop barrage of new mortgage technology..... More »
Scotiabank mortgage growth slows as originations dip in key markets + MORE May 30th
Scotiabank’s mortgage growth stalled in Q2, with average balances flat from the previous quarter and originations slowing sharply in major housing markets..... More »
10 up and 3 down, unintended consequences! + MORE Sep 22nd
LOTS OF MOVEMENT IN MORTGAGE RATES
Sounds like a football play. But I’m not talking about football even though the NFL season just started and my Buffalo Bills won their first two games. I’m referring to how many times the Bank of Canada’s (BoC) Governor, Tiff Macklem, has changed the Overn.... More »
Housing starts up in six largest cities but construction still not closing supply gap + MORE Sep 28th
The Canada Mortgage and Housing Corp. says construction of new homes in Canada's six largest cities rose 4% year-over-year during the first half of 2024, but housing starts were still not enough to meet growing demand..... More »
Mortgage providers slash rates in wake of bond yield drop
– canadianmortgagetrends.com
It took some time, but mortgage rates are now responding to last week’s plunge in bond yields stemming from fears about systemic financial risk in the U.S. and Europe.
Mortgage market in Canada more sensitive to higher rates: BoC
– canadianmortgagetrends.com
When deciding to hold rates at its February meeting, the Bank of Canada took into consideration the fact Canada’s real estate and mortgage markets are more rate sensitive compared to other countries.
