Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Canadian home sales hit “speed bump” in July, despite rate cuts Aug 17th
Falling mortgage rates haven't yet had a a significant impact on real estate activity, according to recent data..... More »
New mortgage rules take effect today; more may be coming on Monday, economist says + MORE Dec 15th
Two sweeping mortgage reforms take effect today, December 15, targeting housing affordability and easing financial pressures—changes that may be followed by more announcements this week..... More »
BMO reinstates OSFI’s stress test for uninsured mortgage switches + MORE Dec 21st
The excitement over last month’s removal of the stress test for uninsured mortgage switches may have been short-lived—at least for some bank customers..... More »
Latest in mortgage news: consumer insolvencies at highest level since 2019 May 25th
Consumer insolvencies in Canada have risen to their highest level in three years..... More »
Looking for a mortgage in B.C.? Don’t limit your options to the big banks Apr 6th
At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »
Mortgage borrowers to see payments increase by 20-40% at renewal: Bank of Canada
– canadianmortgagetrends.com
The Bank of Canada says it it concerned about the ability of households to service their debt, particularly as mortgage holders are facing payment increases of up to 40% at renewal.
