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Canadian recession imminent and could last through the first half of 2024: Desjardins

CIBC quarterly earnings

CIBC sees “no areas of concern” as 100,000 mortgage clients renewed at higher rates so far this year

Mortgage delinquencies on the rise, says Equifax Canada

Early-stage delinquencies for all credit products are on the rise: Equifax

RBC Q3 earnings 2023

Magnitude of credit losses will depend on BoC’s ability to orchestrate a soft landing: RBC

Latest News

Bank of Canada on past rate hikes

September 20, 2023

Past rate hikes are slowing demand, but inflation still a “significant” concern: BoC

Oxford Economics predicts house price decline

September 20, 2023

Recession expected to drive home prices down another 10%: Oxford

Housing affordability crisis

September 20, 2023

Half of non-homeowners in Canada losing hope of buying property: MPC survey

Sharon Koznicki speaks on inflation

September 19, 2023

“Ups and downs” in inflation not unusual: BoC

Innovation

Digital onboarding for mortgages

Why mortgage brokers are embracing ‘digital onboarding’ and not looking back

Manulife One: A lifesaver for homeowner-turned-broker facing financial crisis

Advertorial

AI impact on mortgage originations

How artificial intelligence is revolutionizing the mortgage origination process

ChatGPT in the mortgage industry

Mortgage brokers are slowly embracing AI tools like ChatGPT

Interest Rates

Canada prime rate rises to 5.95%

Mortgage interest costs now up over 80% since the start of the BoC’s rate hikes

Bank of Canada offers a reprieve for mortgage borrowers, but leaves door open to more hikes

Bank of Canada rate projections

Bank of Canada decision: Rate hold expected, but debate over future hikes persists

Fixed rate mortgages product of choice

Fixed rates back as top mortgage product of choice: National Bank

Mortgage Strategies

Co-ownership is on the rise in Canada

Co-ownership on the rise: How Canadians are responding to housing affordability challenges

HEB Broker Launchpad

Grow your business: Broker Launchpad gives you the tools you need to succeed

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HomeEquity Bank CHIP reverse mortgages

Is the CHIP Reverse Mortgage in your lending portfolio? Here’s why it should be

Advertorial

Mortgage broker listening to clients

CMHC consumer survey reveals the importance of follow-up contact by mortgage brokers

Business Development

Manulife One: Why Conrad Neufeldt believes it’s “worth the learn”

Advertorial

Unleashing the power of LinkedIn

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

Creating powerful mortgage content

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

FSRA re-licensing for private mortgages

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

Government

OSFI regulations

OSFI seeks to address “problem” of fixed-payment variable-rate mortgages

OSFI proposes capital requirement changes for lenders and mortgage insurers to address mortgage risk in Canada

Final week to provide feedback on proposed changes to the Canada Mortgage Bonds program

FCAC guidelines

Canada’s financial consumer watchdog unveils guidelines to support at-risk mortgage borrowers

Bank of Canada

Bank of Canada on past rate hikes

Past rate hikes are slowing demand, but inflation still a “significant” concern: BoC

Sharon Koznicki speaks on inflation

“Ups and downs” in inflation not unusual: BoC

Inflation rises more than expected in August, keeping BoC rate hikes in play

Interest rate outlook - Bank of Canada

August job gains keep Bank of Canada rate hikes in play

Real Estate

Oxford Economics predicts house price decline

Recession expected to drive home prices down another 10%: Oxford

Canadian housing activity slows in August following Bank of Canada rate hikes

BoC’s summer rate hikes continue to slow housing activity…except in Alberta and Atlantic Canada

Analyzing Canadas housing market

Recent rate hikes continue to slow housing activity in Canada’s largest cities

Home prices expected to keep rising

Long-term view shows Toronto and Vancouver home prices remain elevated despite recent declines

Earnings

CIBC quarterly earnings

CIBC sees “no areas of concern” as 100,000 mortgage clients renewed at higher rates so far this year

“Performance has been stellar” on mortgage renewals so far: BMO

Scotiabank earnings 2023

Scotiabank continues to slow its mortgage business in favour of multi-product clients

RBC Q3 earnings 2023

Magnitude of credit losses will depend on BoC’s ability to orchestrate a soft landing: RBC