Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
Fixed-rate borrowers face up to 20% payment hikes at renewal, BoC warns Jul 23rd
Bank of Canada data shows fixed-rate borrowers face the steepest payment hikes this year and next, but not all mortgage holders are in the same boat.... More »
How much income do I need to qualify for a mortgage in Canada? + MORE Aug 20th
The first two rate cuts from the Bank of Canada (BoC) are finally making a mark on housing affordability.
According to the latest monthly affordability report from Ratehub.ca (Ratehub Inc. owns both Ratehub.ca and MoneySense), it became easier to qualify for a mortgage for the average-priced hom.... More »
Mortgage approvals in hours, not days: TD leaning on AI to regain edge Oct 1st
At its 2025 Investor Day, the bank outlined plans to use AI to cut turnaround times, reshape branches into advice hubs and deliver billions in efficiency savings..... More »
How new mortgage brokers are overcoming the challenges of today’s high-rate environment Jan 24th
It's no secret that the current high-rate environment has been challenging for mortgage borrowers and mortgage professionals alike..... More »
TD Bank plans to sell $9 billion in mortgages to comply with asset cap + MORE Jan 23rd
TD Bank is planning to sell around $9 billion in residential mortgages as it works to adjust its balance sheet and meet an asset cap imposed by U.S. regulators..... More »
Is the CHIP Reverse Mortgage in your lending portfolio? Here’s why it should be
– canadianmortgagetrends.com
To continue growing their business, savvy brokers will need to expand their product offerings and offer lending solutions that meet their clients’ changing needs. The CHIP Reverse Mortgage by HomeEquity Bank is a solution that is tailor-made for the shifting economic climate.
Lenders—including some big banks—are hiking fixed mortgage rates again
– canadianmortgagetrends.com
The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks. The move follows a more than 70-basis-point surge in the Government of Canada 5-year bond yield, which typically leads fixed mortgage rate pricing. It’s now at a 14-month high of 3.58% as of Monday, up from a recent low of 2.87% earlier this month. BMO, CIBC and RBC have all increased some of their posted fixed mortgage rates […]
Value Connect on a mission to revolutionize appraisals in Canada
– canadianmortgagetrends.com
When former mortgage broker Chris Bisson identified several pain points in how mortgage appraisals were being done in Canada, he decided to do something about it. The result was Value Connect, an appraisal technology company he founded in 2015 with the goal of eliminating appraisal pain points so people can get on with work and life. The result? Improved service for all involved in the appraisal process: lenders, mortgage professionals and their clients. “From 2008 to 2013, I really noticed […]
Changes to Canada’s CMB program could have unintended consequences, experts say
– canadianmortgagetrends.com
As the federal government considers streamlining its process for funding mortgages, some worry that changes to the Canadian Mortgage Bond (CMB) program could have unintended consequences.
