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Latest News
Is Canada’s mortgage stress test still relevant? Aug 24th
Earlier this month, the Bank of England scrapped its mortgage affordability stress test. With mortgage rates presumably approaching their peak for this rate-hike cycle, some are wondering if changes to Canada's stress test are overdue.
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7 Tips for New Mortgage Brokers + MORE Apr 1st
If you’re a new mortgage broker, you’ll realize soon enough that there's actually a great deal in this business that we have no control over..... More »
The State of the Residential Mortgage Market: 2021 Mar 26th
Despite the headwinds of a global pandemic, Canadians’ interest in real estate and the resulting rise in prices took even the most seasoned experts by surprise. This, of course, had major implications for the mortgage market. Mortgage Professionals Canada’s Annual State of the Residentia.... More »
Why mortgage brokers are embracing ‘digital onboarding’ and not looking back Aug 9th
For much of the mortgage industry’s history, brokers required a mountain of paperwork from prospective clients to ensure they’d actually be approved by a willing lender..... More »
What does the new Canadian Mortgage Charter mean for home owners? + MORE Dec 10th
In its 2023 Fall Economic Statement, the federal government announced the Canadian Mortgage Charter. It’s a new initiative intended to address the housing affordability issues caused by rising interest rates, low housing supply and more. The charter, which sets out expectations for lenders, is the.... More »
Optimism Returns to the Markets. Could Fixed Rates Start to Rise?
– canadianmortgagetrends.com
Bond yields in both Canada and the U.S. jumped on news that Pfizer’s COVID-19 vaccine has proven more than 90% effective in its trials. Following the announcement on Monday, the all-important 5-year bond yield is now hovering around 0.50% for the first time since early June. Since bond yields lead fixed mortgage rates, that’s caused some observers to suggest mortgage rates could potentially be finding a bottom and may only head higher from here. “Lenders’ profit margins are tight and […]
