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, with no further reductions thereafter.
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.
Features • Mortgage Industry News
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 year’s Mortgage Hall of Fame inductees.
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- Bank of Canada expected to cut rates by 100 bps before pausing, financial experts say
- ‘2025 will be a better year:’ 5 broker takeaways on market trends, tech, and client relationships
- What you need to know before helping your child with a home down payment
- First National sees potential gains from recent mortgage rule changes
- Calgary sees sales surge for homes over $600K, lower-end supply tightens
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Features • Mortgage Industry News
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 year’s Mortgage Hall of Fame inductees.
How extreme weather events are reshaping mortgage risks
Climate-related disasters have been dominating headlines for years now, but their increasing frequency and severity are becoming more apparent.
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.
Bank of Canada • Interest Rates
October 23, 2024 • 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.
October 11, 2024 • 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...
October 7, 2024 • 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...
September 20, 2024 • 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...
November 4, 2024 • 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.
November 4, 2024 • 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...
November 3, 2024 • 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?...
October 31, 2024 • 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...
November 5, 2024 • 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.
November 4, 2024 • 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,...
October 23, 2024 • 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....
October 23, 2024 • 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...
November 4, 2024 • 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.
November 3, 2024 • 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...
October 30, 2024 • 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...
October 29, 2024 • 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...
October 24, 2024 • 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.
October 17, 2024 • 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
October 16, 2024 • 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.
October 14, 2024 • 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.
November 4, 2024 • 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.
October 28, 2024 • 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 Regulation • Opinion
October 28, 2024 • 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
October 24, 2024 • 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.
November 2, 2024 • 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.
September 3, 2024 • 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
August 29, 2024 • 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
August 27, 2024 • 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.
July 20, 2024 • 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.
March 14, 2024 • 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.
March 12, 2024 • 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.
August 8, 2023 • 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.
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September 27, 2023 • 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...
June 26, 2023 • 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...
June 1, 2023 • 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...
April 3, 2023 • 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....
March 31, 2023 • 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...
February 22, 2023 • 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...
October 2, 2024 • 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....
September 24, 2024 • 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...
September 11, 2024 • 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...
August 13, 2024 • 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...
August 2, 2024 • 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...
July 17, 2024 • 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 Interviews • Sponsored post
January 17, 2024 • 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 Interviews • Sponsored post
January 3, 2024 • 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 Interviews • Sponsored post
October 30, 2023 • 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.
October 26, 2023 • 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 News • Sponsored post
October 10, 2024 • 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 Strategies • Sponsored post
September 24, 2024 • 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.
August 6, 2024 • 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 Strategies • Sponsored post
June 27, 2024 • 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.
October 31, 2024 • 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...
October 18, 2024 • 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...
October 16, 2024 • 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....
October 1, 2024 • 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...
September 8, 2024 • 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...
August 13, 2024 • 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...
October 28, 2024 • 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...
October 7, 2024 • 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...
October 2, 2024 • 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....
September 11, 2024 • 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...
August 5, 2024 • 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. ...
April 3, 2024 • 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
October 3, 2024 • 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.
September 5, 2024 • 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.
August 21, 2024 • 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.”
September 11, 2024 • Views: 426
Two Quebec real estate brokers suspended for using fake bids to drive up prices
By Maura Forrest
September 7, 2024 • 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.
August 8, 2024 • 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 News • Regional
November 4, 2024 • 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.
October 24, 2024 • 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.
October 17, 2024 • 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.
November 2, 2024 • 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.
October 24, 2024 • 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.
October 21, 2024 • 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.
November 4, 2024 • 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.
November 1, 2024 • 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.
October 17, 2024 • 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.