70% of Scotiabank’s mortgage originations in Q1 were multi-product deals + MORE Mar 1st

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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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 »

How the Bank of Canada’s benchmark rate impacts your finances + MORE Mar 7th

The Bank of Canada (BoC) held its benchmark interest rate at 5% on March 6, marking the fifth consecutive time it has left the rate unchanged. Economists widely expect the BoC to lower its rate at some point in 2024, as inflation falls and the Canadian economy weakens. However, in its March rate ann.... More »

Latest in mortgage news: OSFI head applauds lenders’ efforts to shorten amortization lengths + MORE Apr 3rd

OSFI says it is encouraged by the progress Canadian lenders have made in reducing amortization lengths of the mortgages within their portfolios..... More »

Housing starts stable in 2023, but demand still outpaces growing supply of apartments + MORE Mar 28th

The Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities remained stable at near all-time high levels last year, driven by a surge of new apartments—despite demand still outpacing supply for rental housing. The agency released its biannual housing su.... More »
Every year, MoneySense partners with Zoocasa, a consumer real estate search platform, to identify the best places to buy real estate in Canada. By revisiting the data annually, some clear trends have emerged. For example, Toronto and Vancouver have ranked near the bottom in recent years, while some smaller markets have consistently ranked well. In this video, MoneySense senior editor Justin Dallaire joins The Wealthy Life with Sybil Verch to discuss the research behind the rankings and what has driven Canadian real estate prices so high.

The best places to buy real estate in Canada
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Watch more MoneySense videos:

How to choose ETFs, for Canadian investors

How the Bank of Canada’s interest rate affects you

What is mortgage affordability?

What Is the First-Time Home Buyer Incentive?

The post Video: Where should you buy real estate? appeared first on MoneySense.

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RBC’s executive team today expressed confidence in its due diligence of HSBC Canada’s mortgage portfolio during the $13.5-billion acquisition.

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National Bank reported a rise in mortgage delinquencies, though primarily in its insured variable-rate mortgage portfolio.

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BMO reported rising loan losses in the first quarter and anticipates a further increase before conditions improve in the second half of the year with expected Bank of Canada rate cuts.

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Scotiabank is reporting success in its efforts to grow its deposits and increase profitability by doing more cross-selling to new mortgage clients.

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