Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Mortgage borrowers renewing in 2025 to face an average $513 monthly payment increase: RBC + MORE Dec 6th
RBC also reported a sharp drop in remaining amortization periods thanks to Bank of Canada rate cuts in the fourth quarter..... More »
From military service to mortgage success: How Philippe Gauvin found his perfect calling + MORE Jun 24th
When Philippe Gauvin completed his military service in 2019, he wanted to find a career that similarly valued discipline, a strong work ethic, and that provided the opportunity to help people..... More »
RBC says it’s ready for competitive spring mortgage market and upcoming renewal wave Mar 4th
As the spring mortgage market approaches, Canada's largest bank says it's getting ready for a busy season of mortgage renewals..... More »
Oil shock could keep rates higher for longer, analyst warns + MORE Mar 19th
A prolonged Middle East conflict could push oil prices higher, adding to inflation pressures and raising risks for mortgage rates and household affordability..... More »
TD reports strong mortgage volumes and stabilizing amortizations + MORE Aug 27th
Despite a sharp slowdown in mortgage originations this year, TD reported continued strong volume growth of 4% in the second quarter..... More »
First National reports no issues with its mortgage renewals so far
– canadianmortgagetrends.com
Canada’s largest non-bank lender says it has not yet encountered any issues with its mortgage borrowers renewing at higher interest rates.
Critics say OSFI’s proposed mortgage changes could do more harm than good
– canadianmortgagetrends.com
While OSFI’s proposed underwriting changes announced in January were presented as an effort to control market risk, critics say the regulator risks overtightening a market that is already in decline.
Home prices won’t revert to pre-pandemic levels, should start rising again in 2024: CMHC
– canadianmortgagetrends.com
The Canada Mortgage and Housing Corporation (CMHC) expects home prices to reach a bottom this year, but aren’t expected to fall below pre-pandemic levels.
