Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Ontario review recommends expanding lender access for Level 1 mortgage agents + MORE Feb 7th
Finance ministry report adopts key industry recommendations and could expand where Level 1 agents can place insured mortgages.... More »
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 »
Why January is peak season for second mortgages in Canada Dec 18th
For many mortgage brokers, January is the busiest month of the year..... More »
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 »
Trump fires Federal Reserve Governor Lisa Cook - The Globe and Mail Aug 26th
Trump fires Federal Reserve Governor Lisa Cook The Globe and MailWhat Trump’s firing of Fed governor means for central bank’s independence The GuardianTrump seeks to fire Fed governor, triggering fresh independence crisis Sky NewsTrump has accused Fed Governor Li.... More »
How much income do you need to buy a home in Canada? A look at housing affordability in June 2025
– moneysense.ca
Mortgage rates continue to tick higher, and the impact is being felt in housing markets across Canada, according to the latest affordability data from Ratehub.ca. The June edition of the study, which is conducted monthly to record affordability conditions in real time, found conditions eroded in 12 out of 13 major urban centres.
The report uses monthly real estate data from the Canadian Real Estate Association (CREA), average mortgage rates, and the mortgage stress test rate to calculate affordability levels in each market; this is defined as the amount of income a buyer would need to earn to qualify for a mortgage on the average-priced home in the city, as well as the corresponding monthly mortgage payment.
As was the case in May, steeper borrowing costs were to blame for tougher buying conditions. Higher bond yields have prompted lenders to push their fixed mortgage rate offerings higher, while variable mortgage rates have been stagnant. As a result, the average five-year fixed mortgage rate used in the study’s calculation increased to 4…
