Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
What’s the best way of using your home equity during retirement? + MORE Nov 10th
Mortgages in Canada can be a murky subject - one that we hope to shed some light on with a series of highly informational articles.
High Mortgage Volumes Helped Drive Q3 Results for First National And Equitable Bank - canadianmortgagetrends.comStrong mortgage volumes throughout the year helpe.... More »
Bank of Canada raises key interest rate to 1.25% + MORE Jan 17th
OTTAWA — The economy’s impressive run prompted the Bank of Canada to raise its trend-setting interest rate Wednesday for the third time since last summer — and to send a signal that more increases are likely on the horizon.
The central bank pointed to unexpectedly solid economic numbers as.... More »
The Latest in Mortgage News: Mortgage Debt Soars as Credit Card Debt Falls to 6-Year Low Jul 19th
Canada's hot housing market was behind a 41.2% annual increase in new mortgages as of the first quarter, Equifax Canada reported..... More »
Why are mortgages so expensive in Canada? + MORE Feb 26th
The start of 2025 kicked off with fewer home sales than many hoped. Real estate prices ticked higher in many of Canada’s major markets—and prospective home buyers saw their purchasing power shrink.
Ratehub.ca just released its latest January Affordability Report. (Both MoneySense and Ratehub..... More »
TD reports strong mortgage volumes and stabilizing amortizations + MORE Aug 27th
Despite a sharp slowdown in mortgage originations this year, TD reported continued strong volume growth of 4% in the second quarter..... More »
Mortgage Careers of the Week
– canadianmortgagetrends.com
Company: TMG The Mortgage Group Position Titles: Mortgage Professionals Licences or Registrations Required: Mortgage Broker in B.C. Course must be completed. Location of Positions: Victoria, B.C. Applicants may contact: To…
Fall In Love With A Record Low Mortgage Rate
– ratesupermarket.ca
RateSupermarket.ca Expert Panel Says Fixed Rates Could Be In For A February Dip
Valentine’s Day may be over, but February still holds the possibility of record low mortgage rates – and what’s not to love about low monthly payments?
Fixed mortgage rates have the capacity to drop this month, as bond yields have trended lower during January and the start of February. Variable rates, however, aren’t expected to budge as the Bank of Canada sticks to the status quo on growth and inflation benchmarks.
Low Rate Alert! The 2.99% fixed rate is back! Click below for details.
Fixed Mortgage Rates: Down
Bond yields have trended lower over the month of February, prompting some lenders to lower their five-year fixed mortgage rates to as low as 2.99 per cent. As long as unstable market factors linger, the possibility of further rate reductions remain.
Variable Mortgage Rates: Unchanged
Despite a weaker Canadian dollar, it’s unlikely that the Bank of Canada will take the opportunity to raise its central interest rate; growth and inflation levels are still far below their benchmarks…
Peter Aceto on ING Direct’s Mortgage Strategy
– canadianmortgagetrends.com
When Scotiabank bought ING Direct Canada in 2012, people wondered about the implications for ING’s mortgage business. Scotia is a dominant force in the mortgage business, being one of the…
