Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
BoC’s Macklem Lays Out Plan to Wind Down Bond-Buying Sep 11th
Since the start of the pandemic, the Bank of Canada has been buying up billions of dollars worth of bonds each week, which has helped keep borrowing costs, including fixed mortgage rates, low. On Thursday, BoC Governor Tiff Macklem outlined the roadmap for ending the Bank’s bond-buying program.... More »
Looking Beyond the Big Banks: How Playing the Mortgage Field Could Save You Thousands Mar 3rd
When it comes to your mortgage, there’s no need to settle for the most obvious options. When the time comes to buy a house, most Canadians rely on only the ‘big six’ banks to find a competitive interest rate. An HSBC study from last year shows Canadians are among the least likel.... More »
How much income do you need to buy a home in Canada? A look at housing affordability in May 2025 Jun 23rd
After an unseasonably chilly spring housing market, green shoots are appearing in terms of buyer demand—and that could mean days are numbered for easy borrowing conditions.
The latest data from the Canadian Real Estate Association revealed that, after six months of declines, sales firmed up bet.... More »
Latest in Mortgage News: Toronto Home Prices Set July Record Aug 9th
The rebound for Toronto home prices continued in July, with the average selling price reaching a record $943,710. That’s a 16.9% increase compared to a year earlier, according to the Toronto Regional Real Estate Board (TRREB). Home sales in the Greater Toronto Area were up 29.5% in July compar.... More »
Can Mortgage Brokers Compete with Low Online Rates? Oct 23rd
As mortgage brokers, we should assume our clients and prospects have access to much of the same information we do. But sometimes they don’t, and in such cases we can focus on finding the best lender solution..... More »
This millennial wants to get his MBA, but can he afford it?
– theglobeandmail.com
Paul, 29, faces several competing goals, such as pursuing another degree, paying down a mortgage – and saving for retirement
Mortgage Brief…BC’s 15% Foreign property tax coming to Toronto?
– canadamortgagenews.ca
And it begins in Vancouver… the long-awaited, little debated foreign property tax is about to begin. Foreigners wanting to buy in Vancouver will need to add 15% to the purchase price.. Put another way, this adds $150,000 to the purchase price of a $1,000,000 property. The new tax begins August 2nd. The provincial BC […]
Mortgage Brief… Homebuyer of the future.
– canadamortgagenews.ca
This is the homebuyer of the future… This past June, Mortgage Professionals Canada published their survey results on the Next Generation of Homebuyers. Take note: Adults under the age of 40 who don’t currently own a home but expect to own in the future, if you are planning on buying, or help a child get […]
Top Performers: Christine Xu
– canadianmortgagetrends.com
By Vanessa Chris, Special to CMT Some brokers have crowded trophy cases. Christine Xu is one of them. Xu has appeared on the CMP Top 75 four times, landed on the CMP Hot List twice, been recognized as one of Canada’s top 10 commercial brokers, received the Chinese Business Excellence Award and was named a Woman of Influence in Canada’s mortgage industry. But none of these accolades mean as much to her as the statue she took home in May 2015 for CMA’s Mortgage Broker of the Year—Alternative Lending. “The Alternative Mortgage Broker of the Year Award is the one I’m most proud READ MORE
