Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Home prices could hit peak levels by next year, set new highs in 2026: CMHC report + MORE Apr 6th
The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026..... More »
Homeowners, realtors should take steps to protect against title fraud: experts Mar 19th
It's been years since you finished paying off your mortgage, so the letter in the mail from a bank saying you're in default and now owe money comes as a shock..... More »
Is saving for your child’s education still worth it? The research says yes Sep 16th
Parents today are tasked with a daunting challenge: preparing their children for a future they can’t predict. The world kids will enter as adults looks nothing like the one their parents grew up in. Artificial intelligence is already transforming work, entire industries are being disrupted, an.... More »
Where to Buy Real Estate in Canada 2025: Edmonton + MORE May 3rd
With 17 hours of daylight in the summer and aurora-lit skies in the winter, Alberta’s capital is quite literally a bright spot for Canadian home buyers. But while Edmonton has long been recognized as one of Canada’s most affordable major cities, the real estate market is quickly evolving. A .... More »
Is the family responsible to pay the mortgage for a loved one who has passed away? + MORE Aug 18th
When someone dies and owes money on a mortgage, is their common-law spouse responsible for paying it off? The house was in the name of the deceased only—the common-law spouse wasn’t a co-signer on the mortgage, and her name is not listed on the deed. —Louine
You’re 2 minut.... More »
Bank of Canada Leaves Interest Rate at 1.75%, Markets React
– ratesupermarket.ca
As was widely expected, the Bank of Canada left the target overnight rate unchanged this morning at 1.75%, where it’s sat since October 2018.
The Bank noted a few positive developments, but focused more on the downside risks.
“The global economy is showing signs of stabilization, and some recent trade developments have been positive,” reads the statement. “However, there remains a high degree of uncertainty and geopolitical tensions have re-emerged, with tragic consequences.”
The Bank gave little indication about future monetary policy, saying only: “In determining the future path for the Bank’s policy interest rate, Governing Council will be watching closely to see if the recent slowdown in growth is more persistent than forecast. In assessing incoming data, the Bank will be paying particular attention to developments in consumer spending, the housing market, and business investment.”
Market Reaction
Bond yields, which lead fixed mortgage rates, fell strongly following the announcement…
CMHC’s Siddall Won’t Seek Another Term
– canadianmortgagetrends.com
One of Canada’s most vocal advocates for stricter mortgage rules has announced he will be stepping down at the end of this year. Evan Siddall, who served as President and CEO of the Canada Mortgage and Housing Corporation (CMHC) since 2014, won’t be seeking another term once his ends, according to spokeswoman Audrey-Anne Coulombe. “A selection process for a new President and CEO will start in the coming months,” Coulombe told Bloomberg. “This will be an open and transparent process […]
