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Latest News
How new mortgage brokers are overcoming the challenges of today’s high-rate environment Jan 24th
It's no secret that the current high-rate environment has been challenging for mortgage borrowers and mortgage professionals alike..... 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 »
The best 5-year fixed mortgage rates in Canada + MORE Jul 12th
Mortgages
The best 5-year fixed mortgage rates in Canada
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Three ways mortgage brokers can reassure concerned borrowers Feb 12th
Many mortgage brokers are fielding calls from clients concerned about rising interest rates and an uncertain economic outlook..... More »
Could diversified funding be the latest trend for alternative mortgages? + MORE Apr 28th
As the winds of change sweep across the lending landscape, regulatory underwriting guidelines are growing ever tighter. This puts non-bank clients in a precarious position, and mortgage brokers are feeling the pressure..... More »
What To Expect in 2023
– canadamortgagenews.ca
Happy new year everyone! I hope everyone reading this took some time to reflect and recharge over the holiday season. There was a lot of negativity swirling around in 2022, and I’m sure a lot of you needed a break from it all. I sure did. It’s easy to get swept up in all of the doom-and-gloom. But if you look at the big picture, you might see that there’s a lot to be optimistic about in 2023 – in the housing market, the economy, and beyond.
Putting Things Into Perspective
Contrary to what the talking heads say, life is good. Excluding the Russia-Ukraine War, we are currently living in the longest peacetime in history. Our standard of living is the highest it’s ever been. Average incomes have doubled in the last 20 years, and unemployment has plummeted to historic lows. In fact, we’re still struggling to fill thousands of vacant jobs. Even with a 4% hike in the bank prime rate, Canadians seem to be taking it all in stride.
Good News From the Housing Market
A good way to measure the financial health of Canadian homeowners is by looking at how many of them are in mortgage arrears…
