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.”

Government and Regulation

Mortgage industry braces for FINTRAC’s new AML rules starting October 11

New FINTRAC regulations set to impact mortgage professionals nationwide.

Government secondary suites refinancing announcement

Government and Regulation

Feds launch mortgage refinancing program to boost secondary suites and ease housing crunch

The federal government is rolling out another set of mortgage changes aimed at addressing the housing shortage, this time focusing on supporting the construction of secondary suites.

Latest News

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 later this month.

October 10, 2024

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.”

October 10, 2024

Mortgage industry braces for FINTRAC’s new AML rules starting October 11

New FINTRAC regulations set to impact mortgage professionals nationwide.

October 9, 2024

Rents rise 2.1% in September, marking fifth straight monthly slowdown: report

A new report says growth in average asking rents across Canada last month slowed to the lowest rate since October 2021, at 2.1% year-over-year.

WHAT'S TRENDING?

The Mortgage Magazine

Features

How extreme weather events—like this week’s flooding in Toronto—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.

A deep-dive of the mortgage stress tests

Features • Government and Regulation

A deep-dive into the mortgage stress tests: They’re necessary, but the design is flawed

This is the second in a two-part series exploring the impact the mortgage stress tests had on borrowers and some additional and unintended risks they have brought about.

INTEREST Rates

Bank of Canada • Interest Rates

October 11, 2024 • Views: 2,528

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 later this month.

October 7, 2024 • Views: 3,732

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...

September 20, 2024 • One Comment • Views: 89,068

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...

September 18, 2024 • Views: 11,265

Is breaking your mortgage for a lower rate worth the prepayment penalty?

As interest rates continue to drop, borrowers might wonder if they should renegotiate their...

Mortgage industry news

Mortgage Industry News • Sponsored post

October 10, 2024 • Views: 855

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.”

October 1, 2024 • Views: 8,905

Mortgage Digest: 50% odds of a 50-bps October rate cut, experts say

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a...

September 23, 2024 • Views: 11,023

Weekly Mortgage Digest: Bank of Canada raises concerns over economic risks as inflation nears target

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a...

September 15, 2024 • Views: 2,817

Weekly mortgage digest: Canadians are pulling back on borrowing

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a...

Bank of canada

Bank of Canada • Interest Rates

October 11, 2024 • Views: 2,528

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 later this month.

September 24, 2024 • Views: 1,831

BoC’s Macklem says it’s “reasonable” to expect further rate cuts

Bank of Canada Governor Tiff Macklem signalled that more interest rate cuts are likely as inflation...

September 14, 2024 • Views: 40,575

CIBC forecasts ‘supersized’ Bank of Canada rate cut by year end

The central bank may take a more aggressive approach to easing monetary policy than most have been...

September 4, 2024 • One Comment • Views: 20,289

Interest rate cut welcome news for homeowners with variable-rate mortgages: experts

Real estate experts say the Bank of Canada's third consecutive interest rate cut is welcome news...

Real Estate

Real Estate

October 9, 2024 • Views: 252

Rents rise 2.1% in September, marking fifth straight monthly slowdown: report

A new report says growth in average asking rents across Canada last month slowed to the lowest rate since October 2021, at 2.1% year-over-year.

October 9, 2024 • Views: 315

Condo inventory growing as sellers anticipate demand rebound: Re/Max report

Condo inventory is on the rise in most major Canadian markets as more sellers are listing their...

October 4, 2024 • Views: 3,219

Breaking a mortgage for better rates can pay off – but beware of the costs

Interest rates are dropping, but many Canadians are still feeling the hangover of the highest...

October 3, 2024 • One Comment • Views: 2,122

Competition Bureau gets court order for probe into Canadian Real Estate Association

The Competition Bureau says it has obtained a court order as part of an investigation into...

Economic News

Economic news

October 3, 2024 • Views: 270

Higher interest rates resulted in 30,000 fewer housing starts last year: CMHC

A report by Canada Mortgage and Housing Corp. says higher interest rates decreased housing starts by about 30,000 units last year.

Economic news

September 26, 2024 • Views: 678

Housing starts up in six largest cities but construction still not closing supply gap

The Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities rose 4% year-over-year during the first half of 2024, but housing starts were still not enough to meet growing demand.

Economic news

September 26, 2024 • Views: 1,653

Economy to grow moderately, rates to fall below three per cent next year: Deloitte

Deloitte Canada expects economic growth to pick up next year as it forecasts the Bank of Canada to cut its key interest rate below three per cent by mid-2025.

Economic news

September 15, 2024 • Views: 6,217

Inflation expected to ease to 2.1%, lowest level since March 2021: economists

Economists anticipate that Canada’s annual inflation rate in August fell to its lowest level since March 2021.

Government and regulation

Government and Regulation

October 10, 2024 • Views: 12,604

Mortgage industry braces for FINTRAC’s new AML rules starting October 11

New FINTRAC regulations set to impact mortgage professionals nationwide.

Government and Regulation

October 8, 2024 • 26 Comments • Views: 97,788

Feds launch mortgage refinancing program to boost secondary suites and ease housing crunch

The federal government is rolling out another set of mortgage changes aimed at addressing the housing shortage, this time focusing on supporting the construction of secondary suites.

Government and Regulation

October 6, 2024 • 2 Comments • Views: 4,898

New mortgage rules spark debate in Canada’s housing sector

Canada’s mortgage industry is responding to the federal government’s recent adjustments to mortgage rules, aimed at improving affordability for certain buyers.

Government and Regulation

October 3, 2024 • One Comment • Views: 254

Public perceptions of banking regulator influenced mortgage decision: OSFI head

The recent decision by Canada’s banking regulator to relax a mortgage stress test rule was shaped in part by concerns about public perception of the agency, said Office of the Superintendent of Financial Institutions head Peter Routledge.

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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

Quarterly Earnings

September 3, 2024 • 2 Comments • Views: 25,298

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

August 29, 2024 • Views: 10,547

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

August 27, 2024 • Views: 4,978

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.

Quarterly Earnings

August 22, 2024 • Views: 2,949

Despite first quarterly loss in 21 years, TD sees strong mortgage volumes in Q3

TD Bank braces for historic U.S. fine amid AML issues but sees 6% growth in mortgage lending

Mortgage Tech News

Mortgage Tech News

July 20, 2024 • 2 Comments • Views: 6,537

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.

Bloom Financial home equity prepaid MasterCard

Mortgage Tech News

March 14, 2024 • 6 Comments • Views: 388

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.

Tactical Mortgage Solutions - Mortgage conversion tool

Mortgage Tech News

March 12, 2024 • Views: 172

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

August 8, 2023 • Views: 504

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.

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Business Development

September 27, 2023 • Views: 102

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: 96

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: 127

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: 239

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: 103

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: 68

‘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

October 2, 2024 • 5 Comments • Views: 1,695

Forget the comparisons: success in brokering comes in many forms

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

September 24, 2024 • Views: 809

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...

September 11, 2024 • Views: 3,615

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...

August 13, 2024 • One Comment • Views: 9,388

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...

August 2, 2024 • One Comment • Views: 3,447

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...

July 17, 2024 • Views: 3,024

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 Interviews

Mortgage Interviews • Sponsored post

January 17, 2024 • Views: 122

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: 103

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: 97

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: 96

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 News • Sponsored post

October 10, 2024 • Views: 855

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: 809

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.

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 Strategies • Sponsored post

June 27, 2024 • One Comment • Views: 676

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.

Personal Finance

October 1, 2024 • Views: 285

‘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...

September 8, 2024 • Views: 1,545

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...

August 13, 2024 • Views: 240

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...

July 29, 2024 • Views: 906

When cutting expenses isn’t enough: Experts weigh in on how to increase your income

As many Canadians try to squeeze every last dollar out of their budget to cope with the soaring...

July 14, 2024 • Views: 1,957

The hidden cost of rising debt: why checking your credit report matters more than ever

With interest rates and borrowing costs at elevated levels, it’s more important than ever to...

July 1, 2024 • Views: 255

Why young people keep getting caught in debt traps and how to break the cycle

Between inflation, housing costs and interest rates, debt is ballooning for many younger Canadians....

Opinion

October 7, 2024 • Views: 3,732

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...

October 2, 2024 • 5 Comments • Views: 1,695

Forget the comparisons: success in brokering comes in many forms

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

September 11, 2024 • Views: 3,615

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...

August 5, 2024 • Views: 9,564

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. ...

April 3, 2024 • One Comment • Views: 170

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...

August 21, 2023 • One Comment • Views: 89

Opinion: How to bridge the housing affordability gap for a generation without a home

Over the next few days, the new federal cabinet will gather in P.E.I. for their summer retreat....

Regional News

Ontario

Regional

October 3, 2024 • Views: 416

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 Estate • Regional

September 5, 2024 • Views: 485

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

August 21, 2024 • Views: 648

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.”

Quebec

Regional

September 11, 2024 • Views: 390

Two Quebec real estate brokers suspended for using fake bids to drive up prices

By Maura Forrest

Regional

September 7, 2024 • Views: 390

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

August 8, 2024 • Views: 517

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.

British Columbia

Regional

October 3, 2024 • Views: 269

What the parties are promising ahead of the British Columbia provincial election

The British Columbia’s New Democrats released the party’s platform Thursday days after the Greens unveiled a plan for government ahead of the election on Oct. 19.

Regional

October 2, 2024 • Views: 259

Vancouver home sales down 3.8% in Sept. as lower rates fail to entice buyers: board

Vancouver-area home sales dropped 3.8% in September compared with the same month last year, while listings grew to put modest pressure on...

Regional

September 27, 2024 • Views: 758

B.C. Conservatives, NDP both announce plans to help ease B.C. housing crisis

Both of the main candidates in British Columbia’s election campaign pushed their own plans to solve parts of the housing crisis.

Prairies

Regional

October 11, 2024 • Views: 58

Federal government forgoing $15 million in rental fees for Jasper businesses, town

The government of Canada will forgo up to $15.2 million in rental fees charged to the municipality of Jasper, Alta., as well as its residents and business owners over the next few years.

Regional

October 8, 2024 • Views: 96

Manitoba government to put up $10 million for new housing investment trust

The Manitoba government is putting up $10 million for a new fund aimed at getting more affordable housing units on the market.

Regional

October 4, 2024 • Views: 278

Moe promises increased first home tax credit, return of home renovation credit

Saskatchewan Party Leader Scott Moe says if re-elected his party would increase and reintroduce a pair of tax credits designed to help current and prospective homeowners.

Atlantic

Regional

October 10, 2024 • Views: 67

N.B. election: Tenants’ rights group presses parties to impose cap on rent increases

With New Brunswick’s provincial election approaching, a housing advocacy group is calling on the next government to strengthen tenants’ rights, particularly through caps on rent increases.

Regional

October 6, 2024 • Views: 197

About half of the 7,000 Nova Scotians waiting for public housing are seniors

About half of the 7,020 households on Nova Scotia’s wait-list for public housing are composed of seniors, the deputy minister of housing said Wednesday, a number the opposition said should make the government feel ashamed.

Regional

September 18, 2024 • Views: 117

Nova Scotia NDP accuse government of prioritizing landlord profits over renters

Nova Scotia’s NDP are accusing the government of prioritizing landlords over residents who need an affordable place to live, as the opposition party tables a bill aimed at addressing the housing crisis.

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