Home / Mortgages / Why are mortgages so expensive in Canada? + MORE Feb 26th

Why are mortgages so expensive in Canada? + MORE Feb 26th

Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
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‘Strike Out Cancer’ goes national as mortgage industry aims to raise $1M in 2026 + MORE Jan 14th

The annual bowling fundraiser is growing from a Toronto event into a 14-city campaign, with the mortgage industry aiming to raise $1 million for cancer research this year..... More »

How much income do you need to buy a home in Canada? A look at housing affordability in May 2025 Jun 23rd

After an unseasonably chilly spring housing market, green shoots are appearing in terms of buyer demand—and that could mean days are numbered for easy borrowing conditions. The latest data from the Canadian Real Estate Association revealed that, after six months of declines, sales firmed up bet.... More »
line of credit

How to keep your home after separation—even if you don’t qualify alone + MORE Apr 18th

Separation and divorce are hard enough without throwing mortgage stress into the mix. One of the most emotional questions we hear is, 'I want to keep the house, but I don’t make enough on my own to qualify—what can I do?'.... More »
mortgage penalties

Mortgage rule changes are expanding insured market activity, insurers say Mar 4th

Mortgage insurers say recent federal policy changes are giving first-time buyers more purchasing power, even as broader housing market conditions remain uneven..... More »
secure line of credit

How to grow your reverse mortgage business by partnering with realtors + MORE Jun 5th

Bring flexible financing solutions to the table to help realtors close more deals..... More »
The start of 2025 kicked off with fewer home sales than many hoped. Real estate prices ticked higher in many of Canada’s major markets—and prospective home buyers saw their purchasing power shrink.

Ratehub.ca just released its latest January Affordability Report. (Both MoneySense and Ratehub.ca are owned by Ratehub Inc.) It covers the first monthly snapshot of 2025 and found that affordability conditions worsened in 12 of 13 markets. The culprit was largely stagnant mortgage rates. The average five-year fixed mortgage rate and corresponding stress test rate stayed the same month over month, at 4.7% and 6.7%, respectively. Unlike in much of the latter half of 2024, when lower interest borrowing costs helped offset rising home costs, home buyers had little rate relief in January, with the latest Bank of Canada (BoC) rate cut occurring at the end of the month.

As a result, the required incomes to qualify for a mortgage on the average-priced homes rose in all but one of the markets tracked…

Continue Reading On moneysense.ca »

Scotiabank’s latest earnings show mortgage borrowers benefiting from recent rate cuts, but the bank warns looming U.S. tariffs pose economic risks.

Continue Reading On canadianmortgagetrends.com »

Variable mortgage rates are looking increasingly attractive compared to fixed rates, with the potential for significant savings, according to new research from BMO Economics.

Continue Reading On canadianmortgagetrends.com »

Stay tuned for more mortgage wisdom brought to you by banks.ca!

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