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The Big 6 banks saw profits soar in the second quarter thanks to strong mortgage growth and massive loan-loss provision reductions. Read More
Mortgage News
INSIGHTS AND ANALYSIS OF THE MORTGAGE MARKET
Home sales and prices continued to moderate in May, easing from March's peak. But with ongoing tight supply and high demand, prices are expected to remain elevated through the year. Read More
Ontario mortgage brokers at M3 Group will soon have a new edge, the right to sell another Big 6 bank's mortgage products. Read More
The Bank of Canada’s Wednesday rate announcement was “steady as she goes,” as it maintained its Quantitative Easing program and reiterated that rates should... Read More
M3 Group announced last week that it had completed the acquisition of Fintech company Pinch Financial. Read More
The seemingly endless run-up in home prices seems to have reached a peak, at least for now. May home sales data from some of... Read More
Almost 8 in 10 Canadians over the age of 55 believe they can’t rely on registered savings and pension plans alone to support a... Read More
Two of the countries largest broker networks overcame the challenges of a pandemic in 2020 and posted record volumes for the year. Read More
Tools and Resources
OPPORTUNITIES FOR GROWTH
Past Features
CATCH UP ON ARTICLES YOU MAY HAVE MISSED
Proving the source of your clients’ down payments can sometimes be the most time-consuming part of arranging a mortgage. Even when handled well, the... Read More
Starting June 1, both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage. Read More
Some of the country’s key mortgage lenders unveiled their first-quarter results, which were positive across the board. The lenders were able to take advantage... Read More
After months of record-setting gains, home sales and prices took a breather in April compared to March's historic results. Read More
Home prices are expected to finally level off from the "unsustainable" increases that have been seen over the past year, says CMHC. Read More
The Canada Mortgage and Housing Corporation (CMHC) has reportedly lost its title as Canada’s largest provider of mortgage default insurance. The national housing agency’s... Read More