Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Scotiabank mortgage growth slows as originations dip in key markets + MORE May 30th
Scotiabank’s mortgage growth stalled in Q2, with average balances flat from the previous quarter and originations slowing sharply in major housing markets..... More »
How to protect yourself from identity fraud in Canada + MORE Mar 31st
In 2024, Canadians lost a jaw-dropping $638 million to fraud, according to the Canadian Anti-Fraud Centre (CAFC). That’s already a hefty $60 million more than losses reported the previous year, but the true total is likely much, much higher—experts at the CAFC say that less than 5% of scams are .... More »
Making sense of the Bank of Canada interest rate decision on March 12, 2025 + MORE Mar 13th
Today marks the seventh cut in a row for Canada’s benchmark borrowing rate, as our central bank does what it can to pad against tariff threats and possible recession.
The Bank of Canada (BoC) lowered its overnight lending rate—which lenders use to set their prime rates, and, by extensio.... More »
The best 5-year fixed mortgage rates in Canada May 24th
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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance .... More »
How to keep your home after separation—even if you don’t qualify alone + MORE Apr 18th
Separation and divorce are hard enough without throwing mortgage stress into the mix. One of the most emotional questions we hear is, 'I want to keep the house, but I don’t make enough on my own to qualify—what can I do?'.... More »
CMLS introduces Aveo Flex 40, Canada’s newest 40-year mortgage
– canadianmortgagetrends.com
After its recent acquisition by Nesto, CMLS Group is signalling to brokers that they’re ready to do business, introducing a new partnership program and a 40-year amortization mortgage product.
The Bank of Canada (BoC) chopped its trend-setting interest rate once again, lowering it by a quarter of a percentage point to an even 3%. This marks the sixth decrease in a row from the central bank, which kicked off its cutting cycle last June; since then, the benchmark rate has dropped by a total of 200 basis points from its peak of 5%, where it had been held since July 2023.
This has considerably eased borrowing costs for Canadians, especially mortgage rate shoppers. However, it’s uncertain how much more interest relief is on the way, as threatened 25% U.S. import tariffs—which could take effect on February 1st—have skewed the rate and economic outlook for Canada.
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Bank of Canada cut will prompt lower variable mortgage rate costs: Ratehub
– canadianmortgagetrends.com
Experts say homeowners with variable mortgage rates will benefit from lower monthly payments after the Bank of Canada’s latest cut to its key policy rate.
