Feds commit to exploring CRA income verification in budget 2024 to address mortgage fraud Apr 15th

Learn more about Canadian mortgage rates, rules and the latest news – read on!
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 home equity

Preparing for the next wave of renewals: Manulife’s unique solutions + MORE Apr 24th

The mortgage industry is in the midst of a transition in Canada, and Manulife is ready to evolve with it..... More »

Fixed mortgage rates are rising. What’s the deal? + MORE Apr 21st

As variable-rate mortgage holders eagerly anticipate the Bank of Canada's first rate cut, fixed rates are heading in the other direction: up..... More »

What mortgage professionals can expect at the upcoming MIC trade show Apr 30th

ONMICA is hosting its latest annual MIC Trade Show and Seminar in Toronto on May 8..... More »

Latest in Mortgage News: Financial experts see less risk of an imminent recession + MORE Apr 27th

A recent survey of financial experts reveals a shift in recession expectations, showing a decrease in the likelihood of an imminent economic downturn. However, there is growing uncertainty regarding the timing and degree of anticipated Bank of Canada interest rate cuts..... More »
 property mortgage

How much income do I need to qualify for a mortgage in Canada? + MORE Apr 18th

Buying a home in Canada isn’t for the faint of heart—or light of wallet. Home prices have steadily trended higher over the past decade, coming to a national average of $698,520 in March 2024. That’s a 75% increase compared to January 2014, and it marks a whopping dollar difference of $398,119,.... More »
The federal government today confirmed plans to consult with the mortgage industry on developing income verification tools through the Canada Revenue Agency.

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