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Canada employment - manufacturing
Despite stronger-than-expected job growth in Canada for January, economists remain cautious as the looming threat of a trade war with the U.S. casts uncertainty over key sectors like manufacturing.
Five years ago, Farm Lending Canada identified an opportunity in the agriculture alternative lending space. Now the country’s major banks see it too.
Average rents across Canada continued to drop in January, reaching an 18-month low, according to the latest data from Rentals.ca and Urbanation.
Canada’s economy is in a fragile state and ill-equipped to handle the potential economic shock of new U.S. import tariffs, warns former Bank of Canada governor Stephen Poloz.

The Mortgage Magazine

Interest Rates

Views: 36,447

BMO forecasts 1.50% BoC rate by year-end if U.S. imposes tariffs on Canada

Canada received a temporary reprieve from U.S. tariffs for at least 30 days, but if enacted, BMO warns the Bank of Canada may be forced to cut its policy rate to 1.50% by year-end.

Views: 26,174

Canadian fixed mortgage rates are dropping as U.S. tariffs shake markets

Canada’s 5-year bond yield has fallen to its lowest level since June 2022, following fresh...

Views: 32,016

Bank of Canada cut will prompt lower variable mortgage rate costs: Ratehub

Experts say homeowners with variable mortgage rates will benefit from lower monthly payments after...

Views: 10,217

Whiplash in Canada’s bond market signals rate roller-coaster ahead, experts say

When it comes to predicting mortgage rates, the only thing Canada’s mortgage experts are certain...

Mortgage Industry News

Views: 877

Farm Lending Canada partners with BMO to tap into agricultural financing boom

Five years ago, Farm Lending Canada identified an opportunity in the agriculture alternative lending space. Now the country’s major banks see it too.

• 2 Comments Views: 10,070

CMLS introduces Aveo Flex 40, Canada’s newest 40-year mortgage

After its recent acquisition by Nesto, CMLS Group is signalling to brokers that they’re ready to...

Views: 2,423

Mortgage Digest: Younger homeowners lead the way in paying down mortgage debt

Younger Canadians are outpacing older demographics in reducing their mortgage debt, new research...

Views: 3,320

Questions linger over the government’s new secondary suite refinancing program

The federal government's launch of the Secondary Suite Refinance Program on January 15 was largely...

Bank of Canada

Views: 5,321

Experts bet on sixth straight Bank of Canada rate cut this week

Economists and markets expect a 25-basis-point rate cut this week, bringing the Bank of Canada’s policy rate to a two-year low of 3%.

• One Comment Views: 7,987

Bank of Canada to end quantitative tightening earlier than expected

The Bank of Canada expects to end quantitative tightening in the first half of this year and return...

Views: 6,047

Bank of Canada deliberations reveal ‘close call’ on 50-bps rate cut

The Bank of Canada’s Governing Council faced a “close call” when deciding to proceed with...

Views: 18,229

Bank of Canada cuts rates another 50 bps, bringing more relief to some borrowers

The Bank of Canada has cut its policy rate by another 50 basis points today, bringing it down to...

Real Estate

Views: 1,494

Rent prices across Canada fall to 18-month low

Average rents across Canada continued to drop in January, reaching an 18-month low, according to the latest data from Rentals.ca and Urbanation.

Views: 2,409

CMHC predicts home sales, prices to rebound in 2025, but tariff threat clouds outlook

Canada Mortgage and Housing Corp. is forecasting a rebound in home sales and prices this year as...

Views: 950

Soaring housing costs limiting population mobility across Canada: CMHC

Canada Mortgage and Housing Corp. says high housing costs are restricting population mobility in...

Views: 1,397

‘People are panicking’: Snowbirds rush to sell Florida homes as loonie tanks

Cesidia Cedrone has been soaking up the rays at her Florida condo every winter since 2011....

Economic news

Views: 303

Canada’s January job surge beats expectations, but trade war uncertainty casts a shadow

Despite stronger-than-expected job growth in Canada for January, economists remain cautious as the looming threat of a trade war with the U.S. casts uncertainty over key sectors like manufacturing.

Economic news

Views: 727

Former BoC governor Poloz warns Canada’s economy is ill-prepared for potential U.S. tariffs

Canada’s economy is in a fragile state and ill-equipped to handle the potential economic shock of new U.S. import tariffs, warns former Bank of Canada governor Stephen Poloz.

Economic news

Views: 504

November GDP falls short of expectations, marking largest decline since December 2023

Canada’s real GDP fell 0.2% in November, the largest monthly decline since December 2023, according to Statistics Canada.

Economic news

Views: 437

New home prices dip in December

New home prices edged down in December, reversing the slight increase seen in November, according to new data from Statistics Canada.

Government and Regulation

Views: 1,495

Federal government delays capital gains tax increase until 2026

The federal government announced today it will defer the implementation of its planned increase to the capital gains inclusion rate, pushing back the originally scheduled date from June 25, 2024, to January 1, 2026.

Government and Regulation

Views: 9,942

Big banks slow to roll out secondary suite refinancing program despite January 15 launch

Canadian Mortgage Trends has learned that only a few major lenders are currently accepting applications for the federal government’s secondary suite refinancing program.

Government and RegulationMortgage Industry News

Views: 10,319

EXCLUSIVE: BMO brings back OSFI’s stress test for uninsured mortgage switches

The excitement over last month’s removal of the stress test for uninsured mortgage switches may have been short-lived—at least for some bank customers.

Government and Regulation

Views: 371

OSFI holds domestic stability buffer at 3.5%, cites stable but lingering risks

Canada’s banking regulator announced no change to the amount of capital banks must keep on hand to cover potential future losses.

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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: 1,069

BMO’s loan loss provisions surge in Q4, but execs say credit strain appears to have peaked

BMO’s credit performance worsened more than expected, contributing to a 15% year-over-year decline in adjusted full-year earnings.

Quarterly Earnings

Views: 1,376

Despite tough quarter, TD sees year-over-year market share gains in mortgage lending

Despite ongoing anti-money laundering (AML) remediation efforts, TD Bank saw growth in its mortgage lending business in Q4, with year-over-year market share gains.

Quarterly Earnings

Views: 37,258

Some mortgage borrowers renewing in 2025 to face an average $513 monthly payment increase: RBC

RBC also reported a sharp drop in remaining amortization periods thanks to Bank of Canada rate cuts in the fourth quarter.

Quarterly Earnings

• One Comment Views: 2,412

Scotiabank sees rise in mortgage arrears but remains optimistic about renewals

In its fourth-quarter earnings call, the bank said higher-for-longer interest rates and elevated unemployment levels have put stress on some aspects of its portfolio.

Mortgage Tech News

Views: 1,002

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.

Mortgage Tech News

Views: 1,278

Cautious optimism: How brokers should be approaching AI 

As a mortgage broker, it seems that no matter where you go—you can’t escape the AI buzz.

Mortgage Tech News

Views: 960

New platform supports mortgage brokers with mentorship and mental health strategies

New platform aims to bridge the gap for new mortgage brokers with mentorship, business guidance, and mental health strategies

Mortgage Tech News

• 2 Comments Views: 7,104

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.

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Views: 203

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: 232

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: 251

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: 492

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: 256

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: 147

‘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...

• One Comment Views: 3,982

Pre-construction purchases: Beware of closing day surprises

Recently, we helped a couple navigate the process of buying a pre-construction condo townhome....

Views: 2,574

New year, better mortgage rates: Credit tips to get you there

As we step into a new year, it’s a great time to reassess your financial habits and ensure your...

Views: 1,526

A First Home Savings Account should be on every first-time buyer’s holiday wish list

Introduced in April 2023, the First Home Savings Account (FHSA) is a game-changer for Canadians...

Views: 2,645

Thinking of gifting a down payment this holiday season? Here’s what you should know

With the holiday season in full swing, many Canadians are focused on gift giving. For some, that...

Views: 1,200

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....

• One Comment Views: 6,206

Pros and cons of a 10-year fixed mortgage: Is stability worth the cost?

The 10-year mortgage has long been a niche product in the Canadian mortgage market....

Mortgage InterviewsSponsored post

Views: 269

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: 222

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: 191

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: 198

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 StrategiesSponsored post

Views: 1,200

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 NewsSponsored post

Views: 1,349

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: 1,031

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: 1,839

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?

Views: 950

New year, new budget: A step-by-step guide on how to refresh your finances

A simple copy and paste of your 2024 budget isn't enough to help you achieve your goals and...

Views: 147

Unwanted gift card in your stocking? Don’t let it go to waste

Gift cards can be a quick and easy present for those who don't know what to buy and offer the...

Views: 656

The GST tax holiday is coming but will the savings actually make a difference?

While many Canadians highly anticipate the federal government's upcoming GST holiday, experts say...

Views: 730

Retiring? Here’s how to switch from saving for your golden years to spending

The last paycheque from a decades-long career arrives next Friday and the nest egg you built during...

Views: 3,597

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: 748

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: 1,563

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...

Views: 1,109

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...

• 3 Comments Views: 19,003

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...

• 7 Comments Views: 23,731

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: 4,433

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: 2,039

Forget the comparisons: success in brokering comes in many forms

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

Regional News

Regional

Views: 452

Toronto home sales expected to rise 12% this year, but board says January saw drop

The Toronto Regional Real Estate Board says it is forecasting a 12.4% increase in home sales for 2025, with 76,000 properties changing hands throughout the region as lower borrowing costs lead to improved affordability.

Regional

Views: 149

Housing Minister Erskine-Smith calls on Ontario to do more for social housing

Federal Housing Minister Nate Erskine-Smith is calling on the Ontario government to do more to address social housing needs in the province.

Regional

Views: 374

Toronto’s proposed 2025 budget includes 6.9 per cent property tax increase

The City of Toronto is proposing to increase property taxes by 6.9% this year to help fund its $18.8 billion operating budget for 2025.

Regional

Views: 172

Montreal home sales surge 36% in January as market activity rebounds

Montreal’s housing market had a robust start to 2025, with home sales jumping 36% in January compared to the same month last year.

Regional

Views: 325

Montreal tightens rules for short-term rentals, including primary residences

Montreal is further tightening restrictions around short-term vacation rental platforms by boosting the number of inspectors and limiting when people can rent out their primary residences.

Regional

Views: 629

Montreal home sales surge 54% in December as market momentum builds

Home sales in the Montreal region kept climbing in December, with 54.1% more properties changing hands compared to the same time last year, according to the Quebec Professional Association of Real Estate Brokers.

Regional

Views: 426

Vancouver real estate market shifting as more sellers enter market, January sales up

The number of homes that changed hands in the Vancouver area rose again last month, but the city’s real estate board says new listings outpaced demand as sellers showed they’re eager to enter the market.

Regional

Views: 312

Critics denounce Vancouver mayor’s ‘Trumpian’ plan to ‘integrate’ Downtown Eastside

Critics have denounced Vancouver Mayor Ken Sim’s plan for revitalizing the Downtown Eastside neighbourhood, with former councillor Jean Swanson calling his proposal to pause supportive housing construction “Trumpian.”

Regional

Views: 212

Vancouver mayor plans freeze on new supportive housing in Downtown Eastside

Vancouver Mayor Ken Sim has unveiled a plan to revitalize the city’s troubled Downtown Eastside that includes pausing the construction of net new supportive housing units. 

Regional

Views: 190

Calgary home sales down 12% in January but still above seasonal average: board

The Calgary Real Estate Board says January home sales dropped 12 per cent from last year but remained nearly 30 per cent higher than levels typically recorded for the month.

Regional

Views: 75

Parks Canada says 300 or more interim housing units for Jasper on the way

Parks Canada plans to set up 300 or more interim housing units for residents displaced by last year’s wildfire in Jasper, Alta., by the end of February.

Regional

Views: 138

‘I’m homeless’: Jasper residents rally for housing as government negotiations stall

An Albertan who lost her home in the devastating Jasper wildfire last year says broken promises by the United Conservative Party government in setting up interim housing for those displaced are unacceptable.

Regional

Views: 134

Halifax mayor says city is past the worst of its housing crisis, advocates disagree

The worst of Halifax’s homeless crisis is over, says the city’s new mayor, who wants to see encampments closed as quickly as possible — even as homelessness advocates vigorously disagree that the situation is improving.

Regional

Views: 228

3 in 10 residential property buyers in N.S. were investors in 2018-2020: StatCan

Statistics Canada says investors represented three in 10 residential property buyers in Nova Scotia between 2018 and 2020 — the highest volume of such buyers among provinces where data is available.

Regional

Views: 143

N.S. Tories seek ‘fresh’ mandate in Tuesday’s election to negotiate with Ottawa

Progressive Conservative Leader Tim Houston says if he’s given a second mandate in Tuesday’s election, it will strengthen his position to fight Ottawa on key issues impacting the province, including carbon pricing.

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