Mortgage Rates & Mortgage Broker News in Canada - Home Page

Click here to join our mailing list to receive the latest news and updates as they happen. Unsubscribe any time.

Scotiabank reports on its variable-rate mortgage portfolio

“The variable customer is in good shape,” says Scotiabank

Falling fixed mortgage rates

As bond yields fall, mortgage providers are cutting fixed mortgage rates

Carolyn Rogers, senior deputy governor of the Bank of Canada,

The Latest in Mortgage News: Recent hikes are “painful” for variable-rate mortgage borrowers, says BoC

CIBC quarterly earnings

CIBC mortgage amortizations soar given its heavy weighting of variable-rate mortgages

Latest News

Bank of Canada to let economic data guide its rate decisions

December 9, 2022

The Latest in Mortgage News: Bank of Canada “still prepared to be forceful”

National Bank of Canada

December 8, 2022

National Bank to bring back its mortgage portability feature this week

Tiff Macklem, Governor of the Bank of Canada

December 7, 2022

Was this the Bank of Canada’s last rate hike?

November housing data

December 6, 2022

November data show housing markets are still in “correction mode”

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

Tiff Macklem, Governor of the Bank of Canada

Was this the Bank of Canada’s last rate hike?

Bank of Canada December rate decision

The Bank of Canada’s next rate hike: a toss-up between 25 and 50 bps

Fixed rate mortgages becoming more popular

The popularity of variable-rate mortgages continues to fall

Falling fixed mortgage rates

As bond yields fall, mortgage providers are cutting fixed mortgage rates

Mortgage Strategies

Mortgage borrowers worried about rising payments at renewal

Over half of mortgage borrowers concerned about renewals

Rocket Mortgage enters Canada

Mortgage rate pricing: Canada vs. the U.S.

Mortgage stress test impacting qualification amounts

How the mortgage stress test is impacting qualification amounts

The fixed vs. variable mortgage rate decision

Fixed vs. variable: How not to lose this mortgage guessing game.

Business Development

How to be an effective mortgage broker

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

MPC concurrent sessions

2022 National Mortgage Conference: An opportunity to discuss key industry topics

Website audits for mortgage brokers

Attention Brokers: How Many of You are Doing Website Audits?

Government

A deep-dive of the mortgage stress tests

A deep-dive into the mortgage stress tests (Part 2): They’re necessary, but the design is flawed

mortgage stress test

A deep-dive into the mortgage stress tests (Part 1): Did they serve their purpose?

No changes to mortgage stress test

The latest in mortgage news: OSFI has no plans to loosen the stress test

Canada's mortgage stress test

Is Canada’s mortgage stress test still relevant?

Bank of Canada

Bank of Canada to let economic data guide its rate decisions

The Latest in Mortgage News: Bank of Canada “still prepared to be forceful”

Tiff Macklem, Governor of the Bank of Canada

Was this the Bank of Canada’s last rate hike?

The Bank of Canada’s next rate hike: a toss-up between 25 and 50 bps

Bank Of Canada Governor Tiff Macklem speaks in Ottawa

BoC’s Macklem reiterates that rates need to rise further. But by how much?

Real Estate

November housing data

November data show housing markets are still in “correction mode”

More balanced housing market to return in 2023

Expect more balanced housing markets in 2023, says Re/Max

Average rent in Canada

Average rent is nearly 12% higher compared to last year

Home sales nearing a bottom

Housing demand may be reaching a bottom

Earnings

TD Bank Q4 earnings report

One quarter of TD mortgages now have an amortization of 35+ years

Bank of Montreal earnings

BMO: No issues with mortgage renewals at this time

RBC says a majority of its mortgage clients can absorb higher payments

Scotiabank reports on its variable-rate mortgage portfolio

“The variable customer is in good shape,” says Scotiabank