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Latest News
Inflation data and Bank of Canada decision lead busy week for mortgage watchers Mar 16th
Inflation, home sales and two central bank rate decisions could shape expectations for borrowing costs and the spring housing market..... More »
TD returns to positive earnings, but mortgage stress grows + MORE Aug 29th
TD Bank returned to profit in the third quarter after a loss in Q2 tied to U.S. regulatory and restructuring charges, even as rising mortgage delinquencies pointed to mounting household strain..... More »
TD launches agentic AI for mortgage and HELOC applications + MORE May 24th
The bank says its first autonomous AI model is already reducing parts of the pre-adjudication process from an average of 15 hours to less than three minutes..... More »
New joint venture creates one of Canada’s largest independent mortgage platforms Feb 4th
The newly formed OIM Group brings together two growing brokerages to create a national, multi-brand platform spanning underwriting, technology and alternative lending..... More »
Ontario review recommends expanding lender access for Level 1 mortgage agents + MORE Feb 7th
Finance ministry report adopts key industry recommendations and could expand where Level 1 agents can place insured mortgages.... More »
The $90-million lesson: Why relationships, not tech, drive mortgage success
– canadianmortgagetrends.com
A lender friend of mine, Shane Lapointe, retired last week and I could not be happier for him. Forty-nine years in the industry, 36 of them in the brokering space. I can only imagine the rule changes and lender switch-ups that he has seen since 1989.
CMHC reports seasonally adjusted rate of housing starts slowed in February
– canadianmortgagetrends.com
Canada Mortgage and Housing Corp. says the annual pace of housing starts in February slowed 4% compared with January.
First National sees 44% jump in single-family mortgage originations, but revenue boost deferred
– canadianmortgagetrends.com
First National posted a strong fourth quarter, with funded single-family residential mortgages surging 44% year-over-year.
Mortgage rate war heats up as big banks slash rates—”The spring market starts now:” Butler
– canadianmortgagetrends.com
Big banks are slashing mortgage rates in a heated battle for market share as the spring homebuying season kicks off.
