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Latest News
Big Six impaired loans nearly triple, but remain manageable: Morningstar DBRS Sep 6th
Impaired loans have climbed to $37.5 billion as consumer and commercial credit pressures grow, although mortgage delinquencies remain relatively low..... More »
Questbank appoints Bekim Merdita as Head of Sales & Marketing to lead next chapter of growth + MORE Aug 31st
The mortgage industry veteran will lead Questbank’s sales and marketing strategy as the bank expands nationally and strengthens its support for mortgage brokers..... More »
30-year mortgage uptake lifts Sagen business, but claims hit earnings + MORE Aug 4th
Federal mortgage-rule changes contributed to higher premiums written at the mortgage insurer, but rising delinquencies and claim severity pushed quarterly earnings lower..... More »
CMHC reports annual pace of housing starts in April up from March May 18th
Canada Mortgage and Housing Corp. says the annual pace of housing starts for April rose 17% compared with March..... More »
How a secondary suite can make buying a home more affordable in Ontario + MORE Aug 28th
Whether you’re a newer investor or more experienced, there are undoubted benefits to letting out units as a duplex, triplex, or fourplex. Generally speaking, more units means higher returns—assuming the building is large enough to accommodate such a renovation. For homeowners, adding a secondary.... More »
Canadian mortgage billionaire buys stake in The Economist magazine
– canadianmortgagetrends.com
Canadian mortgage billionaire Stephen Smith has agreed to buy a minority stake in The Economist Group, marking the first ownership shake-up in the storied British current affairs magazine in a decade.Oil shock could keep rates higher for longer, analyst warns
– canadianmortgagetrends.com
A prolonged Middle East conflict could push oil prices higher, adding to inflation pressures and raising risks for mortgage rates and household affordability.
