Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
RBC and NBC are the latest big banks to hike fixed mortgage rates + MORE Jun 3rd
RBC and National Bank became the latest Big 6 banks to increase their posted fixed rates this week, following previous increases by BMO and CIBC..... More »
Mortgage borrowers to see payments increase by 20-40% at renewal: Bank of Canada May 19th
The Bank of Canada says it it concerned about the ability of households to service their debt, particularly as mortgage holders are facing payment increases of up to 40% at renewal..... More »
Can you get a mortgage if you’re self-employed? It’s not easy, but it’s not impossible + MORE May 16th
With determination and good planning, you can jump through the extra hoops and get that house, Lesley-Anne Scorgie writes..... More »
Changes to Canada’s CMB program could have unintended consequences, experts say + MORE May 31st
As the federal government considers streamlining its process for funding mortgages, some worry that changes to the Canadian Mortgage Bond (CMB) program could have unintended consequences..... More »
RBC sees mortgage delinquencies rising nearly 30% in the coming year
– canadianmortgagetrends.com
After spending most of the past year at or near record lows, Canada’s mortgage delinquency rate is expected to return to pre-pandemic levels, potentially rising by nearly a third.
Mortgage renewal strategies in today’s high interest rate environment
– canadianmortgagetrends.com
The current interest rate climate for mortgage brokers and their clients is dramatically different compared to just a year ago, requiring a whole new strategy when it comes to renewals.
