Mortgage payments are easing overall, but many face renewal stress, TD says + MORE Jul 11th

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Opinion: When another refinance may be the wrong answer + MORE Jun 20th

As equity shrinks and household debt rises, some homeowners are finding that another mortgage may only delay a deeper financial reckoning..... More »

1.4 million Canadians missed a credit payment in second quarter + MORE Aug 20th

There’s a deepening divide among consumers, even as the rate of missed credit payments dipped, a new Equifax Canada report shows. It shows 1.4 million Canadians missed a credit payment in the second quarter. While that’s up by 118,000 compared with the same time last year, it’s down sligh.... More »

We’re 10 years apart. Can we retire together? + MORE Feb 26th

Ask MoneySense My wife and I plan to retire at the end of 2027. I am 63 and my wife is 53. All our investments are split 50/50 between RRSPs and LIRAs for a total of about $1,450,000. We anticipate needing about $110,000 a year after tax in retirement. We have a line of credit, and we are paying it .... More »

CMHC reports annual rate of housing starts in June down six per cent from May + MORE Jul 17th

Canada Mortgage and Housing Corp. says the annual pace of housing starts in June fell six per cent compared with May..... More »

Enforcement against mortgage professionals jumps as FSRA flexes new powers Apr 3rd

With higher fine limits now in place, regulators say recent penalties may only reflect the early stages of a stricter regime.... More »

Weak condo market means tough choices for potential move-up buyers

– moneysense.ca

While optimism is building in some parts of Canada for a rebound in the real estate market, condominium dwellers wanting to move up to a larger space face tough choices amid little sign of improvement for that segment.

Cities like Toronto and Vancouver have seen condo sales drop off, if not stagnate, in recent years following a rush of new supply opening up and plummeting investor demand.

For some regions, that marks a divergence from the overall real estate picture. Many industry watchers are now forecasting a turnaround in the housing market in the coming months after the first half of 2025 was plagued by economic uncertainty related to tariffs and job losses.

Sellers stuck in limbo as condo sales drop significantly

It’s left those looking to leave condo life behind and upgrade to a house in a tough spot: sell now at a lower than anticipated value, or wait out the storm.

“They’re kind of stuck,” said Victor Tran, a mortgage and real estate expert for Rates…

Continue Reading On moneysense.ca »

Mortgage Digest: RBC expects no further BoC rate cuts

– canadianmortgagetrends.com

Canada’s big banks are divided on how much further the Bank of Canada will cut, with RBC now saying the rate has likely bottomed, while others still expect more easing ahead.