Muskoka chairs sit on a dock looking over Boshkung Lake, in Algonquin Highlands

Tariffs, economic uncertainty chilling cottage housing market, report says

The May long weekend marks the unofficial start of cottage season for many Canadians, but a new report says some looking to buy a vacation home of their own are holding back until economic tensions settle.

Fading West factory in Buena Vista, Colo.

Real Estate

In Canada’s housing crisis, are modular homes a cheaper and faster solution?

When a church in Toronto’s west end was converted into affordable housing nearly 15 years ago, the group behind the project was already thinking ahead.

Economic news

Oxford warns of Canadian recession, says immigration slowdown and tariffs to blame

Oxford Economics now sees a Canadian recession as all but certain, citing a mix of global trade shocks, waning business investment and a slowdown in immigration.

Latest News

Bank of Canada rate path clouded as core inflation heats up despite headline drop

Headline inflation eased in April, but persistent core pressures are complicating the Bank of Canada’s path to rate cuts.

May 19, 2025

Tariffs, economic uncertainty chilling cottage housing market, report says

May 17, 2025

In Canada’s housing crisis, are modular homes a cheaper and faster solution?

When a church in Toronto's west end was converted into affordable housing nearly 15 years ago, the group behind the project was already thinking ahead.

May 16, 2025

Oxford warns of Canadian recession, says immigration slowdown and tariffs to blame

Oxford Economics now sees a Canadian recession as all but certain, citing a mix of global trade shocks, waning business investment and a slowdown in immigration.

Bank of Canada

Business Development

Economic News

Government and Regulation

Interest Rates

Mortgage Industry News

Mortgage Interviews

Mortgage Strategies

Mortgage Tech News

Personal Finance

Quarterly Earnings

Real Estate

Regional News

WHAT'S TRENDING?

The Mortgage Magazine

Features • Mortgage Industry News

Recognizing leaders in Canadian mortgages: New inductees join the Hall of Fame

This week, Canada’s mortgage industry gathered to celebrate the remarkable achievements of this year’s Mortgage Hall of Fame inductees.

Features

How extreme weather events are reshaping mortgage risks

Climate-related disasters have been dominating headlines for years now, but their increasing frequency and severity are becoming more apparent.

Features • Mortgage Tech News

How artificial intelligence is revolutionizing the mortgage origination process

With its ability to analyze vast amounts of data, automate processes and provide valuable insights, AI is reshaping the way mortgages are originated, underwritten and serviced.

Features • Mortgage Interviews

Embracing diversity: Hear first-hand how the mortgage industry benefits by fostering inclusion

When Jeremy Hamelin was about to enter the mortgage industry four years ago, he admits he had some preconceived notions about how he may—or may not—be accepted by colleagues and clients.

INTEREST Rates

Interest Rates

May 14, 2025 • One Comment • Views: 36,687

Why Canadian fixed mortgage rates are rising again

After briefly dipping below 4%, most five-year fixed mortgage rates at Canada’s major banks are back above the 4% mark, and could stay elevated for the foreseeable future, experts say.

May 2, 2025 • Views: 39,239

Fixed rates are creeping up—and variable-rate discounts are shrinking too

Some of the lowest fixed mortgage rates have vanished in recent weeks—and lenders are quietly...

March 27, 2025 • Views: 17,974

Why Scotiabank thinks the Bank of Canada is done cutting rates

While most of Canada’s Big 6 banks expect the Bank of Canada to deliver at least one more...

March 25, 2025 • Views: 70,918

Mortgage Digest: Fixed mortgage rates keep falling, but variable-rate pricing is on the rise

Spring mortgage season is bringing better fixed-rate deals, but not all borrowers are seeing...

Mortgage industry news

Mortgage Industry News

May 15, 2025 • Views: 1,288

Alternative lending brokers seen as ‘AI-proof,’ experts say

Brokers specializing in alternative lending may be uniquely positioned to withstand automation thanks to the complex human element at the core of their work.

May 8, 2025 • Views: 25,536

Bank of Canada warns of potential household strain as mortgage renewals peak and trade war risks linger

Canada’s financial system may be holding steady, but rising household debt and looming mortgage...

May 7, 2025 • Views: 2,929

FSRA clarifies CE requirements for Ontario mortgage agents and brokers

Ontario mortgage agents and brokers have until March 31, 2026, to complete their current Continuing...

April 29, 2025 • One Comment • Views: 42,191

Scotiabank now sees three Bank of Canada rate cuts in 2026

Scotiabank has revised its interest rate forecast, now predicting the Bank of Canada will deliver...

Bank of canada

Bank of Canada

April 30, 2025 • Views: 1,033

Trade uncertainty was key reason behind Bank of Canada’s April rate hold

At its April 16 policy meeting, the Bank of Canada chose to hold its key interest rate at 2.75%, and now we know why: uncertainty. And not just a little.

April 16, 2025 • Views: 2,653

BoC holds rate at 2.75%, outlines two paths for economy as trade tensions cloud outlook

The Bank of Canada held its benchmark interest rate at 2.75% on Wednesday and unveiled two...

April 14, 2025 • Views: 5,657

BoC expected to pause this week, but more rate cuts still likely

With markets nearly split—pricing in a 40% chance of a rate cut and a 60% chance of a hold—the...

April 6, 2025 • Views: 43,516

Job losses, tariff fears push BoC rate cut odds to near 50%

March’s surprise job losses—the first in three years—signal early signs of trade war impacts...

Real Estate

May 19, 2025 • One Comment • Views: 1,439

Tariffs, economic uncertainty chilling cottage housing market, report says

May 17, 2025 • Views: 1,131

In Canada’s housing crisis, are modular homes a cheaper and faster solution?

When a church in Toronto's west end was converted into affordable housing nearly 15 years ago, the...

May 15, 2025 • Views: 568

Home sales down almost 10% annually last month: Canadian Real Estate Association

The Canadian Real Estate Association says home sales in April fell 9.8% compared with the same...

May 8, 2025 • Views: 414

Average asking rents down annually for seventh straight month at $2,127: report

The national average asking rent in April was down year-over-year for the seventh straight month at...

Economic News

Economic news

May 20, 2025 • Views: 3,619

Bank of Canada rate path clouded as core inflation heats up despite headline drop

Headline inflation eased in April, but persistent core pressures are complicating the Bank of Canada’s path to rate cuts.

Economic news

May 16, 2025 • One Comment • Views: 3,784

Oxford warns of Canadian recession, says immigration slowdown and tariffs to blame

Oxford Economics now sees a Canadian recession as all but certain, citing a mix of global trade shocks, waning business investment and a slowdown in immigration.

Economic news

May 14, 2025 • Views: 256

Big drop in commercial projects drags down March building permits

The value of building permits in Canada fell 4.1% in March to $12.9 billion, pulled down entirely by a steep decline in non-residential construction, according to new data from Statistics Canada.

Economic news

May 13, 2025 • Views: 449

U.S. inflation cools in April, fuelling expectations of Fed easing later this year

U.S. inflation unexpectedly cooled in April, reinforcing expectations that the Federal Reserve could continue cutting rates later this year.

Government and regulation

Gregor Robertson, minister of housing and infrastructure and minister

Government and Regulation

May 14, 2025 • Views: 217

New housing minister says he’ll ‘leverage’ past as Vancouver mayor in role

Canada’s new housing minister says he didn’t have the tools he needed to address housing affordability issues when he was mayor of Vancouver — the country’s most expensive housing market.

Government and Regulation

May 13, 2025 • Views: 393

Carney touts housing credentials of Vancouver ex-mayor Robertson as he joins cabinet

Prime Minister Mark Carney says Gregor Robertson brings “the type of experience” needed to help tackle Canada’s housing crisis after a decade as the mayor of Vancouver – a period that coincided with sharp increases in the city’s home prices.

Government and Regulation

May 13, 2025 • Views: 552

Key portfolios for business community to watch as Carney’s cabinet sworn in

Canada’s business community will be monitoring files across various portfolios after Tuesday’s swearing-in of Prime Minister Mark Carney’s new cabinet.

Government and Regulation

May 5, 2025 • 3 Comments • Views: 20,926

Mark Carney says he has priorities for his new government — here are 5 of them

Prime Minister Mark Carney laid out his priorities at his first post-election press conference on Friday, four days after his party won a minority mandate in the April 28 election.

Follow Us On Our Socials

Keep up with Canadian Mortgage Trends by following us on our social media channels such as Facebook, X and LinkedIn.

Quarterly Earnings

First National reports lower mortgage originations

Quarterly Earnings

May 1, 2025 • Views: 1,453

First National sees early boost from mortgage rule changes, but profits lag

First National saw a sharp rise in residential mortgage funding in the first quarter of 2025, continuing its momentum from Q4.

Quarterly Earnings

March 17, 2025 • Views: 952

First National sees 44% jump in single-family mortgage originations, but revenue boost deferred

First National posted a strong fourth quarter, with funded single-family residential mortgages surging 44% year-over-year.

Quarterly Earnings

March 5, 2025 • One Comment • Views: 1,834

TD sees flat mortgage growth in Q1, but says proprietary channels driving future potential

TD Bank reported flat growth in its residential mortgage portfolio for Q1 2025, attributing part of the weakness to seasonality.

Quarterly Earnings

March 1, 2025 • Views: 18,547

RBC says it’s ready for competitive spring mortgage market and upcoming renewal wave

As the spring mortgage market approaches, Canada’s largest bank says it’s getting ready for a busy season of mortgage renewals.

Mortgage Tech News

Mortgage Tech News

April 10, 2025 • Views: 2,887

AI is coming for mortgage underwriting — but underwriters aren’t going anywhere, lenders say

As AI makes inroads into underwriting, lenders say it’s a tool for efficiency — not a substitute for human expertise.

Mortgage Tech News

March 9, 2025 • Views: 800

Rise of the robots: Some homebuilders turning to automation to bridge labour shortage

At a housing construction site in Gananoque, Ont., Val spends nearly two months laying concrete, used to build 26 stacked townhouse units.

Mortgage Tech News • Opinion

February 13, 2025 • Views: 2,415

Frustrated with mortgage tech? You’re not alone

For the past few years, mortgage brokers have been presented with a seemingly non-stop barrage of new mortgage technology.

Dominion Lending Centres deal with Pinch Financial

Mortgage Tech News

February 5, 2025 • Views: 1,527

Dominion Lending Centres joins Pinch Financial’s AI platform on Realtor.ca

Broker network Dominion Lending Centres (DLC) has announced a partnership with Pinch Financial in a deal that would add the network—one of Canada’s largest—to the fintech’s technology platform, which is used on listing sites such as Realtor.ca.

Get the latest News

Join our mailing list for the latest mortgage news and updates delivered straight to your inbox. (Don’t worry, you can always opt out at any time)

Business Development

September 27, 2023 • Views: 282

How mortgage brokers can capitalize on the popularity of text messaging

A full 90% of young people between the ages of 18 and 29 favour text messaging as their primary...

June 26, 2023 • Views: 320

Unleashing the power of LinkedIn: essential strategies and hidden gems for mortgage professionals

In today's digital age, LinkedIn has become a powerful tool for professionals across industries to...

June 1, 2023 • One Comment • Views: 384

Creating engaging mortgage content: how to build trust and authority for your clients

Brokers need to be well-informed about market trends, interest rates, policy changes, and economic...

April 3, 2023 • Views: 665

What you need to know about FSRA’s new licensing requirements for private mortgages

New licensing categories are now in effect for all Ontario brokers and agents starting in April....

March 31, 2023 • Views: 360

How mortgage brokers can unlock the power of personal video messages

It's important to find ways to connect with potential clients and build trust. By recording a video...

February 22, 2023 • Views: 219

‘Business for self’ clients are on the rise. How do you secure a mortgage for one?

Roughly 2.9 million Canadians were self-employed in 2018, according to Statistics Canada, and many...

Mortgage Strategies

May 6, 2025 • One Comment • Views: 2,653

Thinking of a private mortgage? Here’s what lenders want to see

Private mortgages continue to play an important role in today’s Canadian housing market,...

April 17, 2025 • Views: 2,989

How to keep your home after separation—even if you don’t qualify alone

Separation and divorce are hard enough without throwing mortgage stress into the mix. One of the...

April 4, 2025 • Views: 6,219

Low appraisals are back—don’t let them kill your financing

Appraisals have become a bit of a wildcard lately. More and more, they’re coming in lower than...

March 25, 2025 • Views: 9,343

With prepayment penalties surging, game-changing new tool helps borrowers weigh their options

As prepayment penalties climb, many borrowers are left in the dark about the true cost of breaking...

March 24, 2025 • One Comment • Views: 2,978

When can a seller lend you money? What to know about vendor take-back mortgages

Homebuyers looking to bridge a financing shortfall sometimes consider asking the seller for help....

March 4, 2025 • One Comment • Views: 1,742

Unlocking Financial Freedom: How Canadians 55+ are re-imagining retirement

Happiness, as psychologists often point out, can be elusive. However, a recent study sponsored by...

Mortgage Interviews

Mortgage Interviews • Sponsored post

January 17, 2024 • Views: 393

From tragedy to triumph: Donna MacDonald’s journey to financial leadership

Mortgage broker Donna MacDonald’s journey from tragedy to triumph is a story of resilience and reinvention.

Mortgage Interviews • Sponsored post

January 3, 2024 • Views: 329

Manulife One’s modern innovation meets Nick L’Ecuyer’s old school charm

There are fewer places left where Canadians can get holistic mortgage and financial advice from a familiar member of the local community. Thanks to mortgage broker Nick L’Ecuyer, Simcoe County is one of them.

Manulife One keeping customers satisfied

Mortgage Interviews • Sponsored post

October 30, 2023 • Views: 259

From hopeless to homeowners: how Lisa Holly is changing lives with tailored mortgage solutions

For Lisa Holly, sales achievements don’t define her success. Helping people in ways that make a difference is what really matters to the London, Ontario-based mortgage broker—especially with clients other brokers couldn’t assist.

Mortgage Interviews

October 26, 2023 • Views: 285

Navigating to the top: women leaders in the mortgage and real estate industries share their stories

In a field traditionally dominated by men, a shift is underway within the offices of Canada’s mortgage and real estate industries. Women are now stepping into the limelight, assuming leadership roles and reshaping industry norms.

Mortgage Strategies • Sponsored post

March 4, 2025 • One Comment • Views: 1,742

Unlocking Financial Freedom: How Canadians 55+ are re-imagining retirement

Happiness, as psychologists often point out, can be elusive. However, a recent study sponsored by HomeEquity Bank reveals that Canadians aged 55 and better are unlocking the keys to happiness and satisfaction in their own unique way.

Helping retired Canadians with a reverse mortgage

Mortgage Strategies • Sponsored post

November 28, 2024 • Views: 1,367

Helping retired Canadians navigate financial challenges: A solution for brokers

Retirement is often considered a time to relax and enjoy the fruits of decades of hard work. However, for a growing number of Canadians 55 and older, this picture is clouded by financial uncertainty.

Mortgage Industry News • Sponsored post

October 10, 2024 • Views: 1,498

Manulife’s Natasha Duric: A 30-year mortgage career built on leadership and innovation

Natasha Duric describes her entry into the mortgage industry as “a fluke.”

Mortgage Strategies • Sponsored post

September 24, 2024 • Views: 1,139

Unlocking the secrets to growing your business with the 55+ demographic

In today’s competitive market, mortgage brokers are continuously seeking ways to diversify and grow their client base.

Personal Finance

May 2, 2025 • Views: 196

Wild market swings make planning and safe havens important for investors

Stock markets have taken a wild ride in recent weeks as U.S. President Donald Trump's on-again,...

April 29, 2025 • Views: 347

Anxious about the cost of having kids? Don’t get discouraged, experts say

The average cost of raising children is nearing $300,000, according to Statistics Canada — and...

April 23, 2025 • Views: 289

Amid market turbulence, money managers lean on defensive bets

Faced with the extreme market turbulence of the past week, money managers are staying the course...

April 17, 2025 • Views: 561

Have a side hustle? Here’s what you need to know as tax filing deadlines draw near

You could be selling your art on Etsy or delivering late-night orders for Uber Eats. Maybe you...

April 11, 2025 • Views: 249

For young investors looking for bond exposure, it’s best to keep it simple: experts

For young investors who are building the fixed-income portion of their portfolio, it’s best they...

April 10, 2025 • Views: 554

Can’t pay your tax bill? File your return on time and don’t panic, experts say

For many Canadians, filing their taxes often means a refund, but for some, tax time can mean a bill...

Opinion

April 21, 2025 • Views: 4,127

Opinion: TD’s new tool is a win for brokers—if we choose to see it that way

TD’s real-time pricing gives brokers true parity—but the reaction shows not everyone was ready...

March 16, 2025 • One Comment • Views: 4,384

The $90-million lesson: Why relationships, not tech, drive mortgage success

A lender friend of mine, Shane Lapointe, retired last week and I could not be happier for him....

February 13, 2025 • Views: 2,415

Frustrated with mortgage tech? You’re not alone

For the past few years, mortgage brokers have been presented with a seemingly non-stop barrage of...

February 2, 2025 • Views: 1,915

Opinion: Mortgage loyalty isn’t given, it’s earned

Jill Moellering shares why clients aren’t just chasing the lowest rate—they’re looking for...

January 2, 2025 • Views: 1,215

Balancing business and life: New Year’s resolutions for mortgage brokers

A new year is upon us, and for many in the brokering world that means new goals, new targets and...

December 18, 2024 • 3 Comments • Views: 19,248

Fed minutes spark market turmoil: Making sense of it and why Canadian mortgage rates are likely to rise

I thought it would be really hard to top Monday’s chaotic events in Parliament, but it looks...

Regional News

Ontario

Regional

May 12, 2025 • One Comment • Views: 382

Ontario to table bill to speed up home building as 1.5M target not on track

Ontario’s housing minister is introducing legislation today intended to speed up the construction of new homes, as he admits the province isn’t currently on track to meet its goal of getting 1.5 million homes built over 10 years.

CN Tower can be seen behind condos in Toronto's Liberty Village

Regional

April 13, 2025 • Views: 408

Toronto condo market unlikely to see jolt as conditions vary elsewhere in Canada

Experts say the Greater Toronto Area condo market is unlikely to awaken from its lull any time soon even as other major Canadian cities see somewhat more promising demand.

Regional

April 3, 2025 • Views: 959

Greater Toronto home sales drop in March amid trade concerns: TRREB

Home sales in the Greater Toronto Area fell 23.1% in March while more supply hit the market, helping bring down prices compared with a year ago.

Quebec

Regional

April 6, 2025 • Views: 1,269

Montreal home sales climb 12% in March as spring market heats up

Montreal’s housing market showed renewed signs of life in March, with residential sales across the region rising 12% year-over-year.

Christian Lepine, Archbishop of Montreal

Regional

March 28, 2025 • Views: 208

Montreal archdiocese launches real estate arm aimed at maximizing social impact

As Montreal grapples with growing homelessness, the Catholic archdiocese in the city is forming a new real estate arm that it says will help ensure any redevelopment of church properties addresses “pressing community needs.”

Montreal introduces stricter rules for Airbnb

Regional

March 18, 2025 • Views: 270

Two years after fatal fire, Montreal tightens rules on short-term rentals like Airbnb

Montreal has cracked down on short-term rentals in a bid to ease housing pressure in the city and fight what it calls the “scourge” of illegal listings on Airbnb.

British Columbia

Regional

May 2, 2025 • Views: 532

Vancouver home sales continue to slide as trade war concerns weigh on buyers

Home sales in Metro Vancouver continued to decline in April as economic uncertainty and trade tensions kept many buyers on the sidelines.

Regional

April 30, 2025 • Views: 220

B.C. gives short-term rental platforms an extension to confirm listings are legal

The British Columbia government has granted short-term rental platforms an extra month to confirm their listings are legal.

Regional

April 28, 2025 • Views: 347

Metro Vancouver housing figures underscore massive gap in affordable units

The latest housing report from Metro Vancouver underscores the significant gap between current affordable rentals and the number of units required to prevent more people from falling into homelessness, the head of the BC Non-Profit Housing Society said as the district released its data Friday.

Prairies

Regional

May 1, 2025 • Views: 857

Home sales fall in Calgary, but rising listings ease pressure on prices

After two years of runaway price growth and ultra-tight supply, Calgary’s housing market is finally cooling.

Regional

April 1, 2025 • Views: 2,792

Calgary home sales slide 19% as economic uncertainty grows

Home sales in Calgary dropped nearly 19% last month as economic concerns, including tariff-related uncertainty, weighed on consumer confidence and cooled demand.

Calgary Real Estate Board - February home sales

Regional

March 3, 2025 • Views: 1,687

Calgary home sales fall as supply continues to surge, especially for affordable units

The Calgary Real Estate Board says home sales in February fell 19.3% from last year but remained above typical levels for the month, as inventory levels continued to grow substantially.

Atlantic

Homes are pictured at a suburb in Halifax

Regional

May 16, 2025 • Views: 420

No action against Nova Scotia rent loophole out of fears for housing supply: minister

The minister responsible for Nova Scotia’s rental property rules says her department won’t crack down on instances of abuse involving fixed-term rent leases because it doesn’t want to affect the housing supply.

Nova Scotia Public Works Minister Fred Tilley

Regional

May 16, 2025 • Views: 101

Nova Scotia gets $170 million over 10 years after signing housing infrastructure deal

Nova Scotia’s public works minister says the province is getting $170 million from the federal government to assist with housing infrastructure, after a deal was signed last winter.

Regional

May 7, 2025 • Views: 236

Nova Scotia fixed-term lease loophole to remain in place despite some abuse: official

A provincial official acknowledged Tuesday that some Nova Scotia landlords are abusing fixed-term leases, but the government is not looking to change tenancy law because there could be “unintended consequences.”

Latest News

Categories

WHAT'S TRENDING?

Popular posts:

The Mortgage Magazine

Follow Us On Our Socials

Get the latest News

Regional News

Topics

Search