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BoC Governing Council 50 bps rate cut
The Bank of Canada’s Governing Council reached a “strong consensus” in October that a 50-basis-point rate cut was needed.
Financial experts expect the Bank of Canada to cut rates by 100 basis points by the middle of 2025, with no further reductions thereafter.
The Alberta government has introduced legislation that will enable provincially regulated banks to offer halal home financing products.
Risks remain in the mortgage market as a wave of borrowers still have to renew at higher rates, alternative lenders take a growing share of new mortgages and delinquency rates keep creeping up, Canada's housing agency says.

The Mortgage Magazine

Bank of CanadaInterest Rates

Views: 50,698

What the Bank of Canada’s 50-bps rate cut means for borrowers

Variable-rate borrowers can breathe a little easier with today’s latest rate reduction.

Views: 17,642

Rate cut showdown: 25 or 50 bps? Economists split on Bank of Canada’s next move

Strong employment results for September have tempered Bank of Canada rate cut expectations for...

Views: 4,171

Weeks of cuts give way to mortgage rate hikes as U.S. job numbers soar

While everyone has been enjoying some amazing fall weather, the temperature isn't the only thing...

• One Comment Views: 92,450

Mortgage rate war intensifies as rates dip below 4%

A fierce rate-cutting battle is underway, with experts now calling it a full-blown mortgage rate...

Mortgage Industry News

Views: 379

Alberta government introduces legislation to enable halal mortgage options

The Alberta government has introduced legislation that will enable provincially regulated banks to offer halal home financing products.

Views: 490

Metro Vancouver home sales jump 32% in October amid lower mortgage rates

Higher inventory provides more options for buyers as demand picks up, fuelled by recent Bank of...

Views: 2,453

‘2025 will be a better year:’ 5 broker takeaways on market trends, tech, and client relationships

Where is the mortgage industry headed in 2025, and what does it take to be a standout broker today?...

Views: 737

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...

Bank of Canada

Views: 317

“Strong consensus” among BoC Governing Council that 50bps cut was needed in October

The Bank of Canada’s Governing Council reached a “strong consensus” in October that a 50-basis-point rate cut was needed.

Views: 25,454

Bank of Canada expected to cut rates by 100 bps before pausing, financial experts say

Financial experts expect the Bank of Canada to cut rates by 100 basis points by the middle of 2025,...

Views: 50,698

What the Bank of Canada’s 50-bps rate cut means for borrowers

Variable-rate borrowers can breathe a little easier with today's latest rate reduction....

• One Comment Views: 3,110

Fourth straight interest rate cut may not bring buyers back to the market just yet

While the Bank of Canada's fourth straight cut to its key interest rate could inspire potential...

Real Estate

Views: 462

CMHC says risks remain in mortgage market as delinquencies creep up

Risks remain in the mortgage market as a wave of borrowers still have to renew at higher rates, alternative lenders take a growing share of new mortgages and delinquency rates keep creeping up, Canada’s housing agency says.

Views: 278

What European housing models could do for Canada’s affordability problems

Housing experts who have long promoted moving new home construction from suburbs to urban centres...

Views: 364

Ontario lowers projections for how many new homes will be built

Ontario is lowering its projections for how many new homes will get built in the province over the...

Views: 1,238

StatCan latest wealth survey shows stark disparity between homeowners, renters

Statistics Canada's latest financial security survey shows a stark disparity between the wealth of...

Economic news

Views: 750

Trudeau announces massive drop in immigration targets as Liberals make major pivot

The federal government is slashing immigration targets as Prime Minister Justin Trudeau admits the government did not get the balance right following the COVID-19 pandemic.

Economic news

• 2 Comments Views: 9,665

Canada’s job market poses a bigger risk than mortgage renewals: RBC

With mortgage renewal fears easing, RBC warns that a weakening job market could be the bigger threat to Canada’s economy

Economic news

Views: 255

CMHC reports September pace for housing starts up from August

Canada Mortgage and Housing Corp. says the annual pace of housing starts in September was up 5% compared with August.

Economic news

Views: 3,559

Economists predict inflation dipped below two per cent in September

Economists expect inflation continued its downward trend last month, giving the Bank of Canada the all-clear to continue cutting its benchmark interest rate. 

Government and Regulation

Views: 140

Poilievre asks premiers to axe their sales taxes on new homes worth under $1 million

Conservative Leader Pierre Poilievre has written to the provinces’ premiers, asking them to eliminate their sales taxes on new homes that are under $1 million.

Government and Regulation

Views: 953

Poilievre promises to abolish federal sales tax on new homes under $1 million

A Conservative government would scrap the federal sales tax on new homes sold for less than $1 million and push provinces to do the same, Pierre Poilievre said Monday.

Government and RegulationOpinion

• One Comment Views: 8,915

Pros and cons of the new federal secondary suite programs

Comparing two federal programs to help Canadians build rental suites: a $40,000 loan or a mortgage refinance option

Government and Regulation

• One Comment Views: 1,489

Mortgage reforms alone won’t solve housing crisis, says Mortgage Professionals Canada CEO

Recent mortgage reforms introduced by the federal government, while a step in the right direction, aren’t enough to fully address Canada’s growing housing affordability crisis, according to Lauren van den Berg, CEO of Mortgage Professionals Canada.

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

Quarterly Earnings

Views: 2,056

First National sees potential gains from recent mortgage rule changes

In its Q3 earnings report, First National also noted that competitive pressures have led to a year-over-year drop in origination volumes.

Quarterly Earnings

• 2 Comments Views: 25,776

RBC warns of rising mortgage losses through 2025 with upcoming renewals

BoC rate cuts will ease pressure, but mortgage renewal shocks still loom, RBC says

Quarterly Earnings

Views: 10,646

Scotiabank hits “inflection point” with successful multi-product mortgage strategy

Deposit growth strategy pays off as Scotiabank strengthens customer relationships amid mortgage volume dip

Quarterly Earnings

Views: 5,133

BMO reports rising mortgage delinquencies and loan loss provisions in Q3

High interest rates drove BMO’s mortgage delinquency rate higher in the third quarter, according to the bank’s latest earnings results.

Mortgage Tech News

• 2 Comments Views: 6,660

Fastkey facilitates quick and secure CRA document access for lenders and brokers

Emerging fintech Fastkey revolutionizes the mortgage and loan application process, providing lenders and brokers with efficient and secure access to vital CRA documents.

Mortgage Tech News

• 6 Comments Views: 443

Bloom unveils new home equity prepaid Mastercard as novel way for seniors to fund retirement

A first-of-its-kind product by Toronto-based Bloom Financial is offering an innovative solution for seniors struggling to fund their retirement in the face of rising costs.

Mortgage Tech News

Views: 217

Mortgage industry veteran channels decades of experience into new lead conversion tool

Russ Morrison spent 25 years as a mortgage broker honing his lead conversion strategy, and the last three and a half building a software program that can do the same for others.

Mortgage Tech News

Views: 631

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

For much of the mortgage industry’s history, brokers required a mountain of paperwork from prospective clients to ensure they’d actually be approved by a willing lender.

Get the latest News

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Views: 132

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...

Views: 126

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...

• One Comment Views: 162

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...

Views: 298

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....

Views: 134

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...

Views: 83

‘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...

• 5 Comments Views: 1,839

Forget the comparisons: success in brokering comes in many forms

I am tired of being told I am doing it wrong....

Views: 904

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...

Views: 3,737

Challenges and opportunities for mortgage brokers in the current rate cycle

The current rate environment presents new hurdles for mortgage brokers while also opening up...

• One Comment Views: 9,607

Preparing for your mortgage renewal: Tips to ease the stress of higher payments

Millions of Canadian homeowners are facing mortgage renewals in the coming years, with many feeling...

• One Comment Views: 3,647

Proof of down payment: The biggest hurdle for mortgage professionals

For mortgage professionals, verifying a client's down payment sources can be one of the most...

Views: 3,083

How a private bridge mortgage can save the day when your home hasn’t sold

Selling your home while purchasing a new one can sometimes feel like a balancing act, especially...

Mortgage InterviewsSponsored post

Views: 160

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 InterviewsSponsored post

Views: 140

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.

Mortgage InterviewsSponsored post

Views: 122

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

Views: 125

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 Industry NewsSponsored post

Views: 1,191

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 StrategiesSponsored post

Views: 904

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.

Sponsored post

Views: 1,647

Mortgage brokers: Are you asking the right questions when choosing a mortgage brokerage?

As a mortgage broker, you negotiate tirelessly to secure the best rates and terms for your clients. But have you applied the same diligence to selecting your brokerage?

Mortgage StrategiesSponsored post

• One Comment Views: 888

The growing risk of mortgage fraud and how to protect clients

Helping to safeguard clients against fraud has become an important component of a mortgage broker’s toolkit, and for good reason.

Views: 2,272

What you need to know before helping your child with a home down payment

With the benchmark prices for a home in Toronto or Vancouver at over a million dollars, the...

Views: 635

Boundaries, communication are key for parents running the Bank of Mom and Dad

In a world of sky-high home prices and rising cost of living, many parents are inclined to...

Views: 798

‘Nothing to fall back on’: Money mistakes young people make and how to avoid them

Mistakes in our youth are normal and forgivable, but financial ones can be nasty to fix....

Views: 324

‘Not free money’: What students should know before getting their first credit card

Everyone starts building their credit score somewhere — and for many, it’s getting that first...

Views: 1,576

ETFs are wildly popular. How much of your portfolio should be in them?

Exchange-traded funds have become wildly popular among investors, particularly young people who use...

Views: 266

Limited cash to invest? Build positions in high-flying stocks with fractional trading

When a high-flying stock seems out of reach for investors with limited cash, fractional trading can...

• One Comment Views: 8,915

Pros and cons of the new federal secondary suite programs

Comparing two federal programs to help Canadians build rental suites: a $40,000 loan or a mortgage...

Views: 4,171

Weeks of cuts give way to mortgage rate hikes as U.S. job numbers soar

While everyone has been enjoying some amazing fall weather, the temperature isn't the only thing...

• 5 Comments Views: 1,839

Forget the comparisons: success in brokering comes in many forms

I am tired of being told I am doing it wrong....

Views: 3,737

Challenges and opportunities for mortgage brokers in the current rate cycle

The current rate environment presents new hurdles for mortgage brokers while also opening up...

Views: 9,632

Bracing for impact: What the current market volatility means for mortgage brokers and borrowers

It's amazing what a couple of days can do to the human psyche. ...

• One Comment Views: 207

Opinion: Are fixed mortgage rates poised to rise? Here’s why I think so.

It seems that the Canadian bond market has a spring in its step these days. After hitting a low...

Regional News

Regional

Views: 469

Toronto home sales rose in September as buyers took advantage of lower rates, prices

Home sales in the Greater Toronto Area rose in September as buyers began taking advantage of a more accessible market, said the Toronto Regional Real Estate Board.

Real EstateRegional

Views: 513

Toronto-area home sales decline in August, but rate cut could spur activity: board

The Toronto Regional Real Estate Board says home sales in August fell from last year as average home prices edged lower.

Regional

Views: 675

Ontario sets new planning rules intended to boost home building

Ontario’s housing minister announced a new set of planning rules Tuesday, which he said will set the stage for a “long-term building boom.”

Regional

Views: 434

Montreal home sales, prices rise in August: real estate board

The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 9.3 per cent in August compared with the same month last year, with levels slightly higher than the historical average for this time of year.

Regional

Views: 554

Montreal home sales surge 12% in July, defying national trends

Montreal defied the national trend of stagnant home sales, recording a 12% increase in sales in July.

Mortgage Industry NewsRegional

Views: 490

Metro Vancouver home sales jump 32% in October amid lower mortgage rates

Higher inventory provides more options for buyers as demand picks up, fuelled by recent Bank of Canada rate cuts.

Regional

Views: 214

Vancouver begins process of closing homeless encampment at Crab Park

Vancouver’s park board says it has begun the process of closing the homeless encampment that has been in place at a local park since 2021.

Regional

Views: 272

No shortage when it comes to B.C. housing policies, as Eby, Rustad offer clear choice

British Columbia voters face no shortage of policies when it comes to tackling the province’s housing woes in the run-up to Saturday’s election, with a clear choice for the next government’s approach.

Regional

Views: 1,983

Calgary sees sales surge for homes over $600K, lower-end supply tightens

Demand for higher-priced homes drove Calgary’s October sales, while a lack of affordable options kept the market tight in lower price ranges.

Regional

Views: 96

Alberta, Ottawa discuss funding for homelessness, more talks expected in coming days

The federal housing minister and the Alberta minister in charge of the file have spoken about funding to tackle encampments and homelessness.

Regional

• One Comment Views: 259

Alberta government to build 250 modular housing units in fire-ravaged Jasper

The Alberta government announced Monday that it’s building 250 modular housing units in Jasper for residents displaced by wildfire.

Regional

Views: 39

Housing expected to be top issue among major parties on N.S. campaign trail today

Housing seems set to be the top issue among major parties on the Nova Scotia campaign trail today.

Regional

Views: 133

N.S. election: NDP promises to end fixed-term leases, impose rent-control system

Nova Scotia’s temporary rent cap and a loophole that allows landlords to avoid it were the targets of the provincial New Democrats on Thursday, as they promised to protect tenants from evictions and excessive hikes if elected Nov. 26.

Regional

Views: 249

New Brunswick election: Greens and Liberals make pledges about housing affordability

The high cost of housing was at the centre of the New Brunswick election campaign on Thursday.

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