10 up and 3 down, unintended consequences! + MORE Sep 22nd

Interested in learning more about property mortgages in Canada? Look no further!

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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 »

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 »

Mortgage growth outpaced housing gains in late 2025 + MORE Apr 15th

Home values declined while borrowing increased, leaving financial markets to drive overall wealth growth..... More »

The mortgage pro’s guide to AI: What to use, when, and why it matters + MORE Jul 8th

From writing emails and analyzing client data to brainstorming marketing ideas, mortgage professionals are embracing AI to work more efficiently. But knowing which tools to use—and how to use them wisely—can make all the difference..... More »

‘Strike Out Cancer’ goes national as mortgage industry aims to raise $1M in 2026 + MORE Jan 14th

The annual bowling fundraiser is growing from a Toronto event into a 14-city campaign, with the mortgage industry aiming to raise $1 million for cancer research this year..... More »

Mortgage rate war intensifies as rates dip below 4%

– canadianmortgagetrends.com

A fierce rate-cutting battle is underway, with experts now calling it a full-blown mortgage rate war.

Continue Reading On canadianmortgagetrends.com »

10 up and 3 down, unintended consequences!

– canadamortgagenews.ca

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 Overnight rate since March 2022.

Did you know we saw 10 rate hikes totaling 4.75% in just 16 months from March 2022 to July 2023? That’s never happened before. And most of those rate hikes

were also extraordinarily high. The BoC increased the Overnight rate 4 times by the usual 0.25% change. They also increased it another 4 times by 0.50%, and again by a whopping 0.75% and finally once more by an incredible 1.00%.

Now let’s get to the good news. Fast forward to the summer of 2024. We’ve had 3 consecutive rate cuts by the Bank of Canada beginning in June. Our current Bank rate is 4.25%, down from 5.00%. The Bank Prime lending rate is now 6…

Continue Reading On canadamortgagenews.ca »

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