Online mortgage lender Nesto acquires mortgage finance company CMLS Group
Canadian Mortgage Trends
by The Canadian Press
14h ago
Online mortgage lender Nesto says it has acquired mortgage finance company CMLS Group.  ..read more
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Ontario considers housing data revisions after municipal concerns of undercounting
Canadian Mortgage Trends
by The Canadian Press
14h ago
Ontario is considering revising its tallies of how many homes are built in cities and towns across the province, after some complained that undercounting has cost them millions in provincial funding ..read more
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New rules coming for tenants paying fixed rent in Nova Scotia’s public housing units
Canadian Mortgage Trends
by The Canadian Press
14h ago
Nova Scotia is changing the rules for those who pay a fixed amount of rent for public housing, a move the government says is aimed at achieving fairness and consistency ..read more
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Homelessness: Quebec, Ottawa announce $115 million for emergency housing in Montreal
Canadian Mortgage Trends
by The Canadian Press
14h ago
The federal and Quebec governments have announced nearly $60 million a year for the next two years to get unhoused Montrealers a roof over their heads ..read more
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Bank of Canada officials worry that rate cuts may overheat the housing market
Canadian Mortgage Trends
by Steve Huebl
2d ago
The Bank of Canada's top decision-makers expressed concerns before announcing this month's interest rate cut, fearing that the rate relief could potentially overheat the housing market ..read more
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Three big banks just slashed fixed mortgage rates: “Great news” for those facing renewal
Canadian Mortgage Trends
by Steve Huebl
4d ago
Lenders across the country, including three of Canada's Big 6 banks, are once again busy slashing fixed mortgage rates—a welcome sign for those facing renewal in the coming months ..read more
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Home sales slid in May as buyers awaited confirmation of a Bank of Canada rate cut
Canadian Mortgage Trends
by Steve Huebl
5d ago
Home sales slipped in May and listings continued to build as prospective homebuyers largely remained on the sidelines ..read more
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CMHC says annual pace of housing starts in May up 10% from April
Canadian Mortgage Trends
by The Canadian Press
5d ago
Canada Mortgage and Housing Corp. says the annual pace of housing starts in May climbed 10 per cent compared with April, helped by gains in Montreal and Toronto ..read more
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RBC sees rise in mortgage delinquencies as ‘pockets of stress’ emerge in portfolio
Canadian Mortgage Trends
by Steve Huebl
5d ago
While RBC says most of its clients remain resilient despite higher interest rates and rising payments, the bank acknowledges 'pockets of stress' among select borrowers ..read more
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OSFI doubles down on keeping stress test for uninsured mortgage switches
Canadian Mortgage Trends
by Steve Huebl
1w ago
The head of Canada's banking regulator stood firm in rejecting renewed calls to remove the mortgage stress test on uninsured mortgage switches ..read more
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