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
Canada’s home renovation costs are still climbing, but the pace is slowing Jan 11th
Home reno costs in Canada continued to climb in Q3, driven by higher roofing and window expenses, with many homeowners relying on their home equity to fund these projects..... More »
Invest or pay off debt: A comprehensive guide for Canadians + MORE Jan 17th
Your net worth is calculated by taking your assets and subtracting your liabilities. Both investing and repaying debt can boost your net worth as a result. The question is: which is better? In our guide about paying off debt versus investing, we cover the options from a number of different perspecti.... More »
Mortgage Digest: HELOC usage rises to near two-year high as borrowing picks up + MORE Dec 18th
A regular review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases..... More »
New mortgage rules take effect today; more may be coming on Monday, economist says + MORE Dec 15th
Two sweeping mortgage reforms take effect today, December 15, targeting housing affordability and easing financial pressures—changes that may be followed by more announcements this week..... More »
Unsure about buying a home? Why you should open an FHSA now anyway Dec 12th
Buying a home in Canada hasn’t been easy in recent years, but thanks to recent changes to mortgage rules, falling interest rates and more cuts expected in the months ahead, many prospective home owners are feeling freshly optimistic. It all starts with a down payment, though—and the bigger, the .... More »
Mortgage borrowers renewing in 2025 to face an average $513 monthly payment increase: RBC
– canadianmortgagetrends.com
RBC also reported a sharp drop in remaining amortization periods thanks to Bank of Canada rate cuts in the fourth quarter.
Scotiabank sees rise in mortgage arrears but remains optimistic about renewals
– canadianmortgagetrends.com
In its fourth-quarter earnings call, the bank said higher-for-longer interest rates and elevated unemployment levels have put stress on some aspects of its portfolio.
Despite tough quarter, TD sees year-over-year market share gains in mortgage lending
– canadianmortgagetrends.com
Despite ongoing anti-money laundering (AML) remediation efforts, TD Bank saw growth in its mortgage lending business in Q4, with year-over-year market share gains.
