U.S. inflation cools in April, fuelling expectations of Fed easing later this year

U.S. inflation unexpectedly cooled in April, reinforcing expectations that the Federal Reserve could continue cutting rates later this year.

Economic news

Rising unemployment rate and weak job gains point to June Bank of Canada rate cut

Following a steep March decline, modest job growth in April suggests tariff impacts are weighing on Canada’s economy, raising the odds of a 25 bps rate cut in June.

Mortgage Industry News

FSRA clarifies CE requirements for Ontario mortgage agents and brokers

Ontario mortgage agents and brokers have until March 31, 2026, to complete their current Continuing Education (CE) requirements. The Financial Services Regulatory Authority of Ontario (FSRA) recently clarified what counts toward the required hours—and what doesn’t.

Latest News

Key portfolios for business community to watch as Carney’s cabinet sworn in

Canada's business community will be monitoring files across various portfolios after Tuesday's swearing-in of Prime Minister Mark Carney's new cabinet.

May 13, 2025

U.S. inflation cools in April, fuelling expectations of Fed easing later this year

U.S. inflation unexpectedly cooled in April, reinforcing expectations that the Federal Reserve could continue cutting rates later this year.

May 11, 2025

This week’s economic calendar: Housing data, BoC survey, and more

This week brings a few key Canadian economic releases that will shed light on housing, lending conditions, and overall economic momentum.

May 9, 2025

Rising unemployment rate and weak job gains point to June Bank of Canada rate cut

Following a steep March decline, modest job growth in April suggests tariff impacts are weighing on Canada’s economy, raising the odds of a 25 bps rate cut in June.

Bank of Canada

Business Development

Economic News

Government and Regulation

Interest Rates

Mortgage Industry News

Mortgage Interviews

Mortgage Strategies

Mortgage Tech News

Personal Finance

Quarterly Earnings

Real Estate

Regional News

WHAT'S TRENDING?

The Mortgage Magazine

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.

Features

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.

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.

INTEREST Rates

Interest Rates

May 2, 2025 • Views: 38,454

Fixed rates are creeping up—and variable-rate discounts are shrinking too

Some of the lowest fixed mortgage rates have vanished in recent weeks—and lenders are quietly tightening up their variable-rate discounts too.

March 27, 2025 • Views: 17,886

Why Scotiabank thinks the Bank of Canada is done cutting rates

While most of Canada’s Big 6 banks expect the Bank of Canada to deliver at least one more...

March 25, 2025 • Views: 70,858

Mortgage Digest: Fixed mortgage rates keep falling, but variable-rate pricing is on the rise

Spring mortgage season is bringing better fixed-rate deals, but not all borrowers are seeing...

March 18, 2025 • 2 Comments • Views: 106,715

Mortgage rate war heats up as big banks slash rates — “The spring market starts now”: Butler

Big banks are slashing mortgage rates in a heated battle for market share as the spring homebuying...

Mortgage industry news

Mortgage Industry News

May 8, 2025 • Views: 24,265

Bank of Canada warns of potential household strain as mortgage renewals peak and trade war risks linger

Canada’s financial system may be holding steady, but rising household debt and looming mortgage renewals are emerging as critical risks, the Bank of Canada warns in its 2025 Financial Stability Report.

May 7, 2025 • Views: 2,834

FSRA clarifies CE requirements for Ontario mortgage agents and brokers

Ontario mortgage agents and brokers have until March 31, 2026, to complete their current Continuing...

April 29, 2025 • One Comment • Views: 41,183

Scotiabank now sees three Bank of Canada rate cuts in 2026

Scotiabank has revised its interest rate forecast, now predicting the Bank of Canada will deliver...

April 28, 2025 • Views: 21,637

Markets see additional Bank of Canada rate cuts as economy slows, survey shows

Markets are widely expecting two additional quarter-point cuts from the Bank of Canada this year,...

Bank of canada

Bank of Canada

April 30, 2025 • Views: 991

Trade uncertainty was key reason behind Bank of Canada’s April rate hold

At its April 16 policy meeting, the Bank of Canada chose to hold its key interest rate at 2.75%, and now we know why: uncertainty. And not just a little.

April 16, 2025 • Views: 2,607

BoC holds rate at 2.75%, outlines two paths for economy as trade tensions cloud outlook

The Bank of Canada held its benchmark interest rate at 2.75% on Wednesday and unveiled two...

April 14, 2025 • Views: 5,614

BoC expected to pause this week, but more rate cuts still likely

With markets nearly split—pricing in a 40% chance of a rate cut and a 60% chance of a hold—the...

April 6, 2025 • Views: 43,476

Job losses, tariff fears push BoC rate cut odds to near 50%

March’s surprise job losses—the first in three years—signal early signs of trade war impacts...

Real Estate

The national average asking rent in April

Real Estate

May 8, 2025 • Views: 364

Average asking rents down annually for seventh straight month at $2,127: report

The national average asking rent in April was down year-over-year for the seventh straight month at $2,127, marking a decrease of 2.8%.

May 7, 2025 • Views: 624

Montreal home prices surge as suburban markets outshine the island

Montreal’s real estate market saw a strong start to the spring season, with residential sales...

May 6, 2025 • Views: 573

Toronto-area home sales fall in April as buyers wait out trade uncertainty: board

Home sales in the Greater Toronto Area were down 23.3% in April amid continued uncertainty over the...

April 25, 2025 • Views: 367

Hudson’s Bay sees interest in 65 of its leases: court documents

A process to find takers for leases held by Hudson's Bay has generated plenty of interest....

Economic News

Economic news

May 13, 2025 • Views: 73

U.S. inflation cools in April, fuelling expectations of Fed easing later this year

U.S. inflation unexpectedly cooled in April, reinforcing expectations that the Federal Reserve could continue cutting rates later this year.

Economic news

May 11, 2025 • Views: 1,592

This week’s economic calendar: Housing data, BoC survey, and more

This week brings a few key Canadian economic releases that will shed light on housing, lending conditions, and overall economic momentum.

Economic news

May 9, 2025 • Views: 2,936

Rising unemployment rate and weak job gains point to June Bank of Canada rate cut

Following a steep March decline, modest job growth in April suggests tariff impacts are weighing on Canada’s economy, raising the odds of a 25 bps rate cut in June.

Economic news

May 2, 2025 • Views: 318

U.S. job growth defies expectations again, but tariff risks lurk

U.S. job growth beat expectations for the second consecutive month, but economists warn the effects of reciprocal tariffs are still to come.

Government and regulation

Government and Regulation

May 13, 2025 • Views: 151

Key portfolios for business community to watch as Carney’s cabinet sworn in

Canada’s business community will be monitoring files across various portfolios after Tuesday’s swearing-in of Prime Minister Mark Carney’s new cabinet.

Government and Regulation

May 5, 2025 • 3 Comments • Views: 20,446

Mark Carney says he has priorities for his new government — here are 5 of them

Prime Minister Mark Carney laid out his priorities at his first post-election press conference on Friday, four days after his party won a minority mandate in the April 28 election.

Government and Regulation

April 29, 2025 • Views: 3,350

Liberal election win: What it means for Canada’s policies and economy

The Liberals, under the new leadership of Mark Carney, have secured a fourth consecutive term in office following Monday’s federal election, forming another minority government.

Government and Regulation • Mortgage Industry News

March 31, 2025 • Views: 1,187

Singh pledges low-interest, government-backed mortgages for first-time homebuyers

NDP Leader Jagmeet Singh is proposing a new government-backed mortgage program to help more Canadians get into the housing market—particularly first-time buyers who have been priced out in recent years.

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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

First National reports lower mortgage originations

Quarterly Earnings

May 1, 2025 • Views: 1,419

First National sees early boost from mortgage rule changes, but profits lag

First National saw a sharp rise in residential mortgage funding in the first quarter of 2025, continuing its momentum from Q4.

Quarterly Earnings

March 17, 2025 • Views: 923

First National sees 44% jump in single-family mortgage originations, but revenue boost deferred

First National posted a strong fourth quarter, with funded single-family residential mortgages surging 44% year-over-year.

Quarterly Earnings

March 5, 2025 • One Comment • Views: 1,822

TD sees flat mortgage growth in Q1, but says proprietary channels driving future potential

TD Bank reported flat growth in its residential mortgage portfolio for Q1 2025, attributing part of the weakness to seasonality.

Quarterly Earnings

March 1, 2025 • Views: 18,514

RBC says it’s ready for competitive spring mortgage market and upcoming renewal wave

As the spring mortgage market approaches, Canada’s largest bank says it’s getting ready for a busy season of mortgage renewals.

Mortgage Tech News

Mortgage Tech News

April 10, 2025 • Views: 2,812

AI is coming for mortgage underwriting — but underwriters aren’t going anywhere, lenders say

As AI makes inroads into underwriting, lenders say it’s a tool for efficiency — not a substitute for human expertise.

Mortgage Tech News

March 9, 2025 • Views: 791

Rise of the robots: Some homebuilders turning to automation to bridge labour shortage

At a housing construction site in Gananoque, Ont., Val spends nearly two months laying concrete, used to build 26 stacked townhouse units.

Mortgage Tech News • Opinion

February 13, 2025 • Views: 2,400

Frustrated with mortgage tech? You’re not alone

For the past few years, mortgage brokers have been presented with a seemingly non-stop barrage of new mortgage technology.

Dominion Lending Centres deal with Pinch Financial

Mortgage Tech News

February 5, 2025 • Views: 1,511

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.

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Business Development

September 27, 2023 • Views: 277

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: 312

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: 368

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: 653

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: 352

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: 214

‘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

May 6, 2025 • One Comment • Views: 2,519

Thinking of a private mortgage? Here’s what lenders want to see

Private mortgages continue to play an important role in today’s Canadian housing market,...

April 17, 2025 • Views: 2,962

How to keep your home after separation—even if you don’t qualify alone

Separation and divorce are hard enough without throwing mortgage stress into the mix. One of the...

April 4, 2025 • Views: 6,161

Low appraisals are back—don’t let them kill your financing

Appraisals have become a bit of a wildcard lately. More and more, they’re coming in lower than...

March 25, 2025 • Views: 9,310

With prepayment penalties surging, game-changing new tool helps borrowers weigh their options

As prepayment penalties climb, many borrowers are left in the dark about the true cost of breaking...

March 24, 2025 • One Comment • Views: 2,929

When can a seller lend you money? What to know about vendor take-back mortgages

Homebuyers looking to bridge a financing shortfall sometimes consider asking the seller for help....

March 4, 2025 • One Comment • Views: 1,725

Unlocking Financial Freedom: How Canadians 55+ are re-imagining retirement

Happiness, as psychologists often point out, can be elusive. However, a recent study sponsored by...

Mortgage Interviews

Mortgage Interviews • Sponsored post

January 17, 2024 • Views: 382

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: 318

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: 251

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: 273

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 Strategies • Sponsored post

March 4, 2025 • One Comment • Views: 1,725

Unlocking Financial Freedom: How Canadians 55+ are re-imagining retirement

Happiness, as psychologists often point out, can be elusive. However, a recent study sponsored by HomeEquity Bank reveals that Canadians aged 55 and better are unlocking the keys to happiness and satisfaction in their own unique way.

Helping retired Canadians with a reverse mortgage

Mortgage Strategies • Sponsored post

November 28, 2024 • Views: 1,351

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 News • Sponsored post

October 10, 2024 • Views: 1,484

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: 1,128

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.

Personal Finance

May 2, 2025 • Views: 178

Wild market swings make planning and safe havens important for investors

Stock markets have taken a wild ride in recent weeks as U.S. President Donald Trump's on-again,...

April 29, 2025 • Views: 324

Anxious about the cost of having kids? Don’t get discouraged, experts say

The average cost of raising children is nearing $300,000, according to Statistics Canada — and...

April 23, 2025 • Views: 269

Amid market turbulence, money managers lean on defensive bets

Faced with the extreme market turbulence of the past week, money managers are staying the course...

April 17, 2025 • Views: 545

Have a side hustle? Here’s what you need to know as tax filing deadlines draw near

You could be selling your art on Etsy or delivering late-night orders for Uber Eats. Maybe you...

April 11, 2025 • Views: 231

For young investors looking for bond exposure, it’s best to keep it simple: experts

For young investors who are building the fixed-income portion of their portfolio, it’s best they...

April 10, 2025 • Views: 539

Can’t pay your tax bill? File your return on time and don’t panic, experts say

For many Canadians, filing their taxes often means a refund, but for some, tax time can mean a bill...

Opinion

April 21, 2025 • Views: 4,090

Opinion: TD’s new tool is a win for brokers—if we choose to see it that way

TD’s real-time pricing gives brokers true parity—but the reaction shows not everyone was ready...

March 16, 2025 • One Comment • Views: 4,368

The $90-million lesson: Why relationships, not tech, drive mortgage success

A lender friend of mine, Shane Lapointe, retired last week and I could not be happier for him....

February 13, 2025 • Views: 2,400

Frustrated with mortgage tech? You’re not alone

For the past few years, mortgage brokers have been presented with a seemingly non-stop barrage of...

February 2, 2025 • Views: 1,908

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...

January 2, 2025 • Views: 1,208

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...

December 18, 2024 • 3 Comments • Views: 19,238

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...

Regional News

Ontario

Regional

May 12, 2025 • Views: 225

Ontario to table bill to speed up home building as 1.5M target not on track

Ontario’s housing minister is introducing legislation today intended to speed up the construction of new homes, as he admits the province isn’t currently on track to meet its goal of getting 1.5 million homes built over 10 years.

CN Tower can be seen behind condos in Toronto's Liberty Village

Regional

April 13, 2025 • Views: 390

Toronto condo market unlikely to see jolt as conditions vary elsewhere in Canada

Experts say the Greater Toronto Area condo market is unlikely to awaken from its lull any time soon even as other major Canadian cities see somewhat more promising demand.

Regional

April 3, 2025 • Views: 938

Greater Toronto home sales drop in March amid trade concerns: TRREB

Home sales in the Greater Toronto Area fell 23.1% in March while more supply hit the market, helping bring down prices compared with a year ago.

Quebec

Regional

April 6, 2025 • Views: 1,201

Montreal home sales climb 12% in March as spring market heats up

Montreal’s housing market showed renewed signs of life in March, with residential sales across the region rising 12% year-over-year.

Christian Lepine, Archbishop of Montreal

Regional

March 28, 2025 • Views: 193

Montreal archdiocese launches real estate arm aimed at maximizing social impact

As Montreal grapples with growing homelessness, the Catholic archdiocese in the city is forming a new real estate arm that it says will help ensure any redevelopment of church properties addresses “pressing community needs.”

Montreal introduces stricter rules for Airbnb

Regional

March 18, 2025 • Views: 256

Two years after fatal fire, Montreal tightens rules on short-term rentals like Airbnb

Montreal has cracked down on short-term rentals in a bid to ease housing pressure in the city and fight what it calls the “scourge” of illegal listings on Airbnb.

British Columbia

Regional

May 2, 2025 • Views: 478

Vancouver home sales continue to slide as trade war concerns weigh on buyers

Home sales in Metro Vancouver continued to decline in April as economic uncertainty and trade tensions kept many buyers on the sidelines.

Regional

April 30, 2025 • Views: 209

B.C. gives short-term rental platforms an extension to confirm listings are legal

The British Columbia government has granted short-term rental platforms an extra month to confirm their listings are legal.

Regional

April 28, 2025 • Views: 334

Metro Vancouver housing figures underscore massive gap in affordable units

The latest housing report from Metro Vancouver underscores the significant gap between current affordable rentals and the number of units required to prevent more people from falling into homelessness, the head of the BC Non-Profit Housing Society said as the district released its data Friday.

Prairies

Regional

May 1, 2025 • Views: 684

Home sales fall in Calgary, but rising listings ease pressure on prices

After two years of runaway price growth and ultra-tight supply, Calgary’s housing market is finally cooling.

Regional

April 1, 2025 • Views: 2,748

Calgary home sales slide 19% as economic uncertainty grows

Home sales in Calgary dropped nearly 19% last month as economic concerns, including tariff-related uncertainty, weighed on consumer confidence and cooled demand.

Calgary Real Estate Board - February home sales

Regional

March 3, 2025 • Views: 1,667

Calgary home sales fall as supply continues to surge, especially for affordable units

The Calgary Real Estate Board says home sales in February fell 19.3% from last year but remained above typical levels for the month, as inventory levels continued to grow substantially.

Atlantic

Regional

May 7, 2025 • Views: 206

Nova Scotia fixed-term lease loophole to remain in place despite some abuse: official

A provincial official acknowledged Tuesday that some Nova Scotia landlords are abusing fixed-term leases, but the government is not looking to change tenancy law because there could be “unintended consequences.”

Regional

March 29, 2025 • Views: 257

Deed tax increase won’t hurt demand for Nova Scotia recreational properties: Realtor

Demand for cottages and recreational properties in Nova Scotia should remain strong despite the doubling of the province’s deed transfer tax, says an executive with a major real estate agency.

Regional

March 14, 2025 • Views: 321

Nova Scotia Realtors want province to drop planned increase to deed transfer tax

The Nova Scotia government’s plan to double a deed transfer tax for non-resident homebuyers needs to be reconsidered, says the association for the province’s Realtors.

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