90% of B.C. communities adopt province’s plans for more small-scale housing
Canadian Mortgage Trends
by The Canadian Press
6h ago
Almost all British Columbia communities have adopted the provincial government's plan to tackle the housing crisis by allowing more multi-unit homes on properties.  ..read more
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Vast majority of Greater Toronto new condo investors losing money every month: report
Canadian Mortgage Trends
by The Canadian Press
17h ago
Toronto's condo market is under pressure, with a new report revealing a significant increase in cash-flow negative investors in newly completed condos ..read more
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Prime rate falls to 6.70%, making variable rate mortgages more attractive
Canadian Mortgage Trends
by Steve Huebl
2d ago
Variable-rate mortgage holders received positive news on Wednesday as major lenders reduced their prime rate following the Bank of Canada's rate cut earlier in the day ..read more
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Following Bank of Canada rate cut, Macklem says it’s “reasonable” to expect more
Canadian Mortgage Trends
by Steve Huebl
2d ago
In addition to announcing the rate cut, the Bank of Canada also released updated economic forecasts, projecting moderately slower GDP growth in 2024 than previously anticipated ..read more
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Here’s why markets are betting on a Bank of Canada rate cut on Wednesday
Canadian Mortgage Trends
by Steve Huebl
4d ago
Confidence is high that the Bank of Canada will deliver a second consecutive rate cut on Wednesday. Below, we look at some of the reasons why ..read more
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Weekly mortgage digest: Fixed rates trending downward ahead of expected BoC cut
Canadian Mortgage Trends
by Steve Huebl
4d ago
Lenders continued to chip away at their fixed rate pricing over the past week, mirroring the drop in bond yields over the course of the month. Since hitting a recent peak of 3.57% in early July, the Government of Canada 5-year bond yield has fallen by roughly 20 basis points (0.20%). This has led to ..read more
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Fastkey facilitates quick and secure CRA document access for lenders and brokers
Canadian Mortgage Trends
by Jared Lindzon
6d ago
Emerging fintech Fastkey revolutionizes the mortgage and loan application process, providing lenders and brokers with efficient and secure access to vital CRA documents ..read more
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FSRA introduces stricter guidelines for mortgage broker licensing
Canadian Mortgage Trends
by Steve Huebl
1w ago
FSRA has issued new guidelines to enhance mortgage broker licensing standards, aiming to better protect homebuyers and investors ..read more
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Bank of Canada rate cut grows more likely as retail sales slump
Canadian Mortgage Trends
by Steve Huebl
1w ago
Retail sales dropped in May as Canadians cut back on spending, with early estimates suggesting the decline continued into June ..read more
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How extreme weather events—like this week’s flooding in Toronto—are reshaping mortgage risks
Canadian Mortgage Trends
by Julia Stratton
1w ago
Climate-related disasters have been dominating headlines for years now, but their increasing frequency and severity are becoming more apparent ..read more
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