BoC Governing Council divided over timing of rate cuts, but agree they will be gradual
Canadian Mortgage Trends
by Steve Huebl
3h ago
The Bank of Canada's Governing Council remains split over when they think conditions will be right to begin lowering the country's key interest rates ..read more
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Latest in Mortgage News: Financial experts see less risk of an imminent recession
Canadian Mortgage Trends
by Steve Huebl
15h ago
A recent survey of financial experts reveals a shift in recession expectations, showing a decrease in the likelihood of an imminent economic downturn. However, there is growing uncertainty regarding the timing and degree of anticipated Bank of Canada interest rate cuts ..read more
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Getting the lowest mortgage rates in a high interest rate world
Canadian Mortgage Trends
by The Canadian Press
1w ago
Mortgage shopping isn’t getting much easier these days. The highly anticipated interest rate cuts so many have been banking on this year keep getting pushed back, while borrowers lost an aggressive rate advertiser after HSBC Canada was taken over by RBC ..read more
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Fixed mortgage rates are rising. What’s the deal?
Canadian Mortgage Trends
by Steve Huebl
1w ago
As variable-rate mortgage holders eagerly anticipate the Bank of Canada's first rate cut, fixed rates are heading in the other direction: up ..read more
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FSRA strips licences of 29 Ontario mortgage brokerages
Canadian Mortgage Trends
by Brennan Doherty
1w ago
FSRA has revoked the licences of 29 brokers who did not appoint a principal broker, failed to file their 2021 Annual Information Return, or failed to do both ..read more
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Budget 2024 housing highlights: capital gains inclusion rate on secondary homes rises to 66.7%
Canadian Mortgage Trends
by Steve Huebl
1w ago
Housing was a key priority in today's federal budget, though it came as no surprise given the array of housing-related policy announcements unveiled in recent weeks ..read more
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In federal budget, Ottawa looks to Canada Post land for building housing supply
Canadian Mortgage Trends
by The Canadian Press
1w ago
The federal government is eyeing underutilized Canada Post and National Defence properties as a way to deliver affordability and supply to the country's housing market ..read more
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Housing starts down seven per cent in March from February: CMHC
Canadian Mortgage Trends
by Steve Huebl
1w ago
Canada Mortgage and Housing Corp. says the annual pace of housing starts in March declined seven per cent compared with February ..read more
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Asking rent prices in March up 8.8% from year ago, but down from February: Urbanation
Canadian Mortgage Trends
by The Canadian Press
1w ago
A new report says the asking rent for a home in Canada in March was up 8.8% compared with a year ago, but down from February ..read more
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Home Trust’s merger with Fairstone Bank: what it means for customers and brokers
Canadian Mortgage Trends
by Jared Lindzon
1w ago
Alternative mortgage provider Home Trust has entered into a merger agreement with unsecured lender Fairstone Bank, but what effect the deal has on customers and brokers remains unknown ..read more
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