Rocket Mortgage Canada winding down operations + MORE Mar 7th
RBC says it’s ready for competitive spring mortgage market and upcoming renewal wave Mar 4th
Three big banks cut mortgage rates this week, one drops 5-year fixed to 3.99% + MORE Mar 10th
Mortgage market braces for impact as one million renewals loom and defaults climb + MORE Mar 16th
Why are mortgages so expensive in Canada?
– moneysense.ca
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…
Scotiabank warns tariffs could stall economic recovery even as rate cuts provide relief for borrowers
– canadianmortgagetrends.com
A variable-rate mortgage could save borrowers over $6,000 on their next term: BMO
– canadianmortgagetrends.com
