Home / Mortgages / Why are mortgages so expensive in Canada? + MORE Feb 26th

Why are mortgages so expensive in Canada? + MORE Feb 26th

Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
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Mortgage broker share rises to 38%, hits 48% among recent first-time buyers: MPC Jul 26th

New MPC research finds broker use increased across buyer groups and regions in 2025, while more borrowers sought advice alongside competitive rates..... More »
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Why Canadian investors should avoid MLPs  Jan 20th

For better or worse, a sizable group of Canadian investors still screens prospective investments by dividend yield. When that search expands beyond Canadian stocks, it often leads into parts of the U.S. market that look attractive on the surface but are poorly understood. Common examples include .... More »
secure line of credit

Renewing your mortgage but planning to sell soon? Read this first May 12th

Why flexibility and penalties can matter more than rates if you plan to sell within the next 12 months.... More »
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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 »
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Lowest Winnipeg mortgage rates: Save with Cambrian Credit Union May 12th

When Canadians need a mortgage, they often default to the big banks—but there’s a whole other world of financing options to explore. Credit unions have competitive interest rates in Canada, including Manitoba, plus innovative mortgage options you may not be able to find elsewhere. Shopping aroun.... More »
The start of 2025 kicked off with fewer home sales than many hoped. Real estate prices ticked higher in many of Canada’s major markets—and prospective home buyers saw their purchasing power shrink.

Ratehub.ca just released its latest January Affordability Report. (Both MoneySense and Ratehub.ca are owned by Ratehub Inc.) It covers the first monthly snapshot of 2025 and found that affordability conditions worsened in 12 of 13 markets. The culprit was largely stagnant mortgage rates. The average five-year fixed mortgage rate and corresponding stress test rate stayed the same month over month, at 4.7% and 6.7%, respectively. Unlike in much of the latter half of 2024, when lower interest borrowing costs helped offset rising home costs, home buyers had little rate relief in January, with the latest Bank of Canada (BoC) rate cut occurring at the end of the month.

As a result, the required incomes to qualify for a mortgage on the average-priced homes rose in all but one of the markets tracked…

Continue Reading On moneysense.ca »

Scotiabank’s latest earnings show mortgage borrowers benefiting from recent rate cuts, but the bank warns looming U.S. tariffs pose economic risks.

Continue Reading On canadianmortgagetrends.com »

Variable mortgage rates are looking increasingly attractive compared to fixed rates, with the potential for significant savings, according to new research from BMO Economics.

Continue Reading On canadianmortgagetrends.com »

Stay tuned for more mortgage wisdom brought to you by banks.ca!

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