Home / Mortgages / Mortgage Digest: HELOC usage rises to near two-year high as borrowing picks up + MORE Dec 18th

Mortgage Digest: HELOC usage rises to near two-year high as borrowing picks up + MORE Dec 18th

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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The complete guide for first-time home buyers in Canada + MORE Mar 28th

Buying your first home is an exciting experience, but it can also be an overwhelming one—especially if you’re not sure where to start. That’s why we’ve outlined some simple steps that anyone shopping for a home should take, from figuring out what you can actually afford to getting pre-approv.... More »
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CMHC reports annual rate of housing starts in June down six per cent from May + MORE Jul 17th

Canada Mortgage and Housing Corp. says the annual pace of housing starts in June fell six per cent compared with May..... More »

Bank CEOs see mortgage risk easing as attention turns to political uncertainty + MORE Jan 8th

The heads of Canada's biggest banks are finally seeing risks around mortgage renewals easing, only for worries about tariffs and political uncertainty to take their place..... More »
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U.S. existing-home sales rose to eight-month high in October + MORE Nov 21st

Sales of previously owned homes in the U.S. rose in October to the fastest pace in eight months, as buyers took advantage of lower mortgage rates and gained the upper hand over sellers in some markets..... More »
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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 Canada Mortgage and Housing Corp. says the pace of rent growth cooled significantly this year amid Canada’s largest gain of purpose-built rental supply in more than three decades.

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A regular review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

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Does buying GICs still make sense after the recent rate cuts?The Bank of Canada (BoC) recently lowered its policy interest rate by another 50 basis points, from 3.75% to 3.25%. It was the central bank’s fifth consecutive cut.

What does it mean for Canadians as borrowers and savers when interest rate cuts happen? On the positive side, it means we’re starting to get inflation under control, and lenders are beginning to offer lower rates on mortgages and other types of loans. On the downside, it means the interest rates you can earn on guaranteed investment certificates (GICs)—a popular short-term savings vehicle in Canada—have started to drop.

Grow your savings with a high-interest savings account

Because GIC rates are dropping, Canadians are looking for alternatives for their short-term cash savings. High-interest savings accounts (HISAs) are a good option to consider. Whether you’re setting aside money for home renovations, a big trip or a financial gift to help your child buy their first home, HISAs provide more flexibility and liquidity than GICs, meaning your cash isn’t locked in and you can access it when needed…

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Canada Mortgage and Housing Corp. says the annual pace of housing starts in November rose eight per cent compared with October, helped by strength in multi-unit starts in Quebec, Alberta and B.C.

Continue Reading On canadianmortgagetrends.com »

Stay tuned for more mortgage wisdom brought to you by banks.ca!

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