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Latest News
Ask the Expert: Steve Garganis – What’s your Canadian mortgage strategy in Trump’s tariff war? + MORE Apr 15th
Make no mistake, we are in a war — an economic war. President Donald Trump has threatened, imposed, or temporarily reversed tariffs on just about every country in the world, including Canada.
Canada will now see a 25% tariff on aluminum, steel, Canadian automobiles and non-CUSMA-compliant .... More »
Mortgage brokers: Are you asking the right questions when choosing a mortgage brokerage? + MORE Aug 7th
As a mortgage broker, you negotiate tirelessly to secure the best rates and terms for your clients. But have you applied the same diligence to selecting your brokerage?.... More »
Want to become a first-time home buyer in B.C.? These three steps can help Jun 25th
These days, being a first-time home buyer in British Columbia, or anywhere else in Canada for that matter, is not easy. For years, Canadian housing prices experienced a steady upward trajectory, but the pandemic resulted in an unprecedented surge. And even though home prices have started to fal.... More »
CIBC reports rising mortgage delinquencies, but doesn’t expect “material” losses + MORE Mar 4th
CIBC reported a rise in mortgage delinquencies in the first quarter, though they still remain below pre-pandemic levels and aren't expected to translate into "material" losses, the bank said..... More »
Variable-rate mortgages regain popularity as Morningstar flags rising risks + MORE Feb 1st
Morningstar DBRS says mortgage portfolios should hold up in 2026 despite a soft housing market, while warning that rising variable-rate use and Alt-A exposure are key areas to watch..... More »
The Depth of Fraud
– canadianmortgagetrends.com
Tamsin McMahon penned a rather alarming story about mortgage fraud on Friday. The number of crooked practices she compiled, regardless of their anecdotal nature, was both impressive and unsettling. You couldn’t blame readers of that story for concluding that Canada’s mortgage market is on shaky ground thanks to widespread fraud. But a pile of anecdotes don’t paint the whole picture. The story cites Canada Guaranty data that “one in 10 mortgage applications…have some element of fraud.” Ten per cent is a sizable number in a country with 5.64 million mortgage households. You’d think all that fraud would translate into an avalanche READ MORE
How mortgage fraud is thriving in Canada's hot housing market
– theglobeandmail.com
Many in the mortgage industry are calling attention to a growing, yet under-reported, problem of mortgage fraud, perpetrated not by criminals looking to scam a bank, but by mortgage industry professionals looking to help their clients buy a home
Overvaluation in 11 housing markets in Canada: CMHC
– moneysense.ca
TORONTO – Canada Mortgage and Housing Corp. says it has detected overvaluation in 11 housing markets, with other concerns flagged in Toronto, Winnipeg, Saskatoon and Regina.
A new CMHC report released today says acceleration in home prices and overvaluation — which occurs when prices aren’t supported by fundamental drivers such as income and population — suggest that trouble may be brewing in Toronto.
In Winnipeg, Saskatoon and Regina, the federal agency says it has found evidence of overvaluation and overbuilding, which occurs when the supply of homes outpaces the demand.
Saskatoon was not identified as problematic in CMHC’s last quarterly assessment as only one risk factor was present that city — overbuilding. But since then the agency has found signs of overvaluation in its real estate market, as well.
Canada’s top cities to buy real estate in »
CMHC says an overbuilding of condo units may also be emerging in Toronto, Montreal and Ottawa, and the agency is monitoring those markets for developments…
A new CMHC report released today says acceleration in home prices and overvaluation — which occurs when prices aren’t supported by fundamental drivers such as income and population — suggest that trouble may be brewing in Toronto.
In Winnipeg, Saskatoon and Regina, the federal agency says it has found evidence of overvaluation and overbuilding, which occurs when the supply of homes outpaces the demand.
Saskatoon was not identified as problematic in CMHC’s last quarterly assessment as only one risk factor was present that city — overbuilding. But since then the agency has found signs of overvaluation in its real estate market, as well.
Canada’s top cities to buy real estate in »
CMHC says an overbuilding of condo units may also be emerging in Toronto, Montreal and Ottawa, and the agency is monitoring those markets for developments…
