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Latest News
EQB mortgage book grows as credit recovery pushed into 2027 Jun 2nd
The bank reported continued growth in uninsured personal mortgages and insured multi-unit lending, but higher credit provisions and a softer housing market weighed on second-quarter earnings..... More »
Feds commit to exploring CRA income verification in budget 2024 to address mortgage fraud Apr 15th
The federal government today confirmed plans to consult with the mortgage industry on developing income verification tools through the Canada Revenue Agency..... More »
Toronto, Vancouver weigh on housing starts in first half of year: CMHC + MORE Sep 10th
Canada Mortgage and Housing Corp. says growth in overall housing starts was flat during the first half of the year compared with 2024, though there were significant regional differences..... More »
Even with expected rate cuts, mortgage payments will continue to rise for years: BoC research Jan 9th
Despite anticipated Bank of Canada interest rate cuts later this year, mortgage borrowers will continue to face higher debt-servicing costs for several years..... More »
70% of Scotiabank’s mortgage originations in Q1 were multi-product deals + MORE Mar 1st
Scotiabank is reporting success in its efforts to grow its deposits and increase profitability by doing more cross-selling to new mortgage clients..... More »
2024 housing market and interest rate forecasts
– canadianmortgagetrends.com
2023 was a year that tested the resilience of Canadian mortgage holders. And as we look forward, there’s optimism that 2024 will be the year of rate relief.
Ask MoneySenseI have owned a lot of preferred shares for the so-called “fixed income funds.” They have all lost at least a third of their value. They are paying 4% to 5% dividends. Should I sell all of them to take the loss or hang on to make the interest or dividends they pay?
–Mario
To sell or hold preferred share losses
Most stock market investors are familiar with the old adage “Don’t put all your eggs in one basket.” Well, the same goes for fixed income. Canadian investors in certain segments of the market like preferred shares or private mortgages have learned that lesson the hard way, especially most recently.
Preferred shares represent less than 5% of the fixed income market. This might imply that holding much more than 5% of your fixed income portfolio in preferred shares is considered an “overweight” (larger investment allocation for a particular asset type).
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