Mortgage Rates & Mortgage Broker News in Canada - Home Page

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Falling fixed mortgage rates

Mortgage providers slash rates in wake of bond yield drop

CIBC quarterly earnings

Over half of CIBC variable-rate mortgage holders have reached their trigger rate

Rising fixed mortgage rates

Fixed mortgage rates back on the rise

Scotiabank “intentionally slowing” its mortgage portfolio

Latest News

Bank of Canada rate decision January 2023

March 22, 2023

Mortgage market in Canada more sensitive to higher rates: BoC

Inflation rate falling - February results

March 22, 2023

Sharp drop in inflation suggests interest rates have peaked: ING

Falling fixed mortgage rates

March 20, 2023

Mortgage providers slash rates in wake of bond yield drop

Prepayment penalty calculations

March 17, 2023

Why mortgage brokers should know prepayment penalty calculations inside and out

Innovation

Four Tips to Speed up Your Underwriting Process

Advertorial

Equitable Bank Acquires Concentra

Equitable Acquires Concentra Bank in $200M Deal

CMLS Launches New HELOC Product

Non-Bank Lender CMLS Launches a HELOC

Fundible launches

Newly Launched Fundible Allows Canadians to Buy Before Selling

Interest Rates

Inflation rate falling - February results

Sharp drop in inflation suggests interest rates have peaked: ING

Falling fixed mortgage rates

Mortgage providers slash rates in wake of bond yield drop

Mortgage rates in Canada are rising

Mortgage debt taking up a record share of income

BoC's Carolyn Rogers in March 2023

Bank of Canada not ruling out additional rate hikes just yet

Mortgage Strategies

Prepayment penalty calculations

Why mortgage brokers should know prepayment penalty calculations inside and out

fixed vs. variable

The big question on mortgage borrowers’ minds: fixed or variable?

Broker with clients worried about rate hikes

Three ways mortgage brokers can reassure concerned borrowers

How to excel as a mortgage broker

How brokers can excel in a challenging market, and other lessons from the FSRA conference

Business Development

Business for self mortgages

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

MCAN Home’s ICON Partner Program Rewards and Unites, Prioritizing Brokers and their Clients

Advertorial

How to be an effective mortgage broker

Canada’s housing market will be rocky. Here’s how to stay resilient in trying times

Government

Toronto Vacant Home Tax

Toronto’s Vacant Home Tax takes effect

Reaction to OSFI rule changes

Brokers question timing of OSFI’s proposed rule changes

Proposed OSFI regulations

OSFI proposes new mortgage restrictions

No changes to mortgage stress test

OSFI leaves mortgage stress test unchanged

Bank of Canada

Bank of Canada rate decision January 2023

Mortgage market in Canada more sensitive to higher rates: BoC

Have fixed mortgage rates peaked?

The latest in mortgage news: uninsured posted rates at decade-highs

BoC's Carolyn Rogers in March 2023

Bank of Canada not ruling out additional rate hikes just yet

Bank of Canada rate decision January 2023

Bank of Canada delivers long-awaited rate pause. Will it last?

Real Estate

November housing data

National average home price rises $50k in February

March rent report Canada

Rents decline for third straight month, but remain 10% higher than last year

Home sales nearing a bottom

The housing bottom is in sight as sales pick up in February: RBC

Fitch forecast for Canadian home prices

Home prices to decline another 5-7% this year, but remain above pre-pandemic levels due to demand: Fitch

Earnings

Minimum qualifying rate review by OSFI

First National seeing no signs of stress among mortgages renewing at higher rates

BMO Bank of Montreal Q1 2023 earnings

BMO: 20% of variable-rate mortgage clients have increased payments

RBC CEO Dave McKay

RBC saw a 40% decline in mortgage originations in Q1

Scotiabank “intentionally slowing” its mortgage portfolio