Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Ontario, B.C. mortgage stress rises as joint borrowing grows: Equifax + MORE Sep 21st
Mortgage delinquencies remain relatively contained nationally, but Ontario and B.C. continue to show more pronounced stress as first-time buyers increasingly rely on joint mortgages..... More »
Shift to variable, shorter-term mortgages raises borrowers’ rate exposure: CMHC + MORE Sep 9th
More than 85% of new uninsured mortgages carried either a variable rate or a fixed term of less than five years in the first quarter, increasing borrowers’ exposure to future rate changes..... More »
Big Six impaired loans nearly triple, but remain manageable: Morningstar DBRS Sep 6th
Impaired loans have climbed to $37.5 billion as consumer and commercial credit pressures grow, although mortgage delinquencies remain relatively low..... More »
Nearly 60% of new CMHC-insured mortgage volume has longer amortizations Sep 3rd
Mortgages amortized over more than 25 years accounted for 58.6% of new insured homeowner volume in Q2, down slightly from Q1 but well above year-ago levels..... More »
Questbank appoints Bekim Merdita as Head of Sales & Marketing to lead next chapter of growth
– canadianmortgagetrends.com
The mortgage industry veteran will lead Questbank’s sales and marketing strategy as the bank expands nationally and strengthens its support for mortgage brokers.EQB gains uninsured mortgage share as credit pressures persist
– canadianmortgagetrends.com
EQB says stronger applications and closer broker relationships are helping it win business, even as impaired mortgages rise and enforcement timelines stretch as long as two years.
