Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
What happens when your landlord misses mortgage payments? + MORE Jun 11th
You held up your end of the bargain and paid your rent on time—only to learn your landlord failed to keep up with mortgage payments and the home may need to be sold. Panic sets in, as you don’t know if you can continue to call this place your home. Experts say there are a number of ways thi.... More »
TD launches agentic AI for mortgage and HELOC applications + MORE May 24th
The bank says its first autonomous AI model is already reducing parts of the pre-adjudication process from an average of 15 hours to less than three minutes..... More »
Mortgage Digest: Arrears rise to highest level since 2020, but remain low overall + MORE Jan 23rd
Canada’s mortgage arrears rate edged higher again in October, rising to 0.25% of all residential mortgages, the highest level since 2020, according to the Canadian Bankers Association..... More »
Inside RBC’s acquisition of mortgage fintech Pinch Financial Mar 13th
The Toronto fintech will gain access to RBC’s infrastructure and 17 million clients, but says its platform will remain open to non-RBC partners..... More »
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 »
Self-employed at renewal? Why small changes can complicate your mortgage
– canadianmortgagetrends.com
Renewing with your current lender is often straightforward, even if you are self-employed, but things change quickly if you want to refinance, switch lenders, or add someone to your mortgageHow much income do you need to buy a home in Canada? A look at housing affordability in November 2025
– moneysense.ca
For a while there, it appeared Canada’s housing market was seeing shoots of improvement – but buyers retreated back to the sidelines in November, further dousing price growth and leading to overall improved affordability conditions. As reported by the Canadian Real Estate Association, home sales were largely flat – dipping slightly by -0.6% from October—and remaining nearly 11% below the same time frame in 2024. That led to the average Canadian home price declining by 2%, to $682,219.
As a result, those softening home prices made it easier to purchase property in the vast majority of Canadian urban markets; according to the latest study by Ratehub.ca, affordability ticked higher in 12 of 13 of the nation’s biggest cities. The study, which measures how real estate purchasing power evolves on a month-by-month basis, defines affordability as the amount of income a home buyer would need to earn to qualify for a mortgage in the average-priced home in their city. Ratehub crunches the numbers based on national real estate data, as well as changes to mortgage rates and the mortgage stress test…
