Latest News

Canadian Prime Minister Mark Carney
Canada's business community will be monitoring files across various portfolios after Tuesday's swearing-in of Prime Minister Mark Carney's new cabinet.
U.S. inflation unexpectedly cooled in April, reinforcing expectations that the Federal Reserve could continue cutting rates later this year.
This week brings a few key Canadian economic releases that will shed light on housing, lending conditions, and overall economic momentum.
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.

The Mortgage Magazine

Interest Rates

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.

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...

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...

• 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

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.

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...

• 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...

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

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.

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...

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...

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

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%.

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...

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...

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

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

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

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

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

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

• 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

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 RegulationMortgage Industry News

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.

Follow Us On Our Socials

Keep up with Canadian Mortgage Trends by following us on our social media channels such as Facebook, X and LinkedIn. 

Quarterly Earnings

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

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

• 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

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

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

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 NewsOpinion

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.

Mortgage Tech News

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.

Get the latest News

Join our mailing list for the latest mortgage news and updates delivered straight to your inbox. (Don’t worry, you can always opt out at any time)

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...

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...

• 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...

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....

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...

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...

• 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,...

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...

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...

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...

• 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....

• 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 InterviewsSponsored post

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 InterviewsSponsored post

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.

Mortgage InterviewsSponsored post

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

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 StrategiesSponsored post

• 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.

Mortgage StrategiesSponsored post

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 NewsSponsored post

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 StrategiesSponsored post

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.

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,...

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...

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...

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...

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...

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...

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...

• 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....

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...

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...

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...

• 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

Regional

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.

Regional

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

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.

Regional

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.

Regional

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.”

Regional

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.

Regional

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

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

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.

Regional

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

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.

Regional

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.

Regional

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

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

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.

Visited 255,229 times, 544 visit(s) today
Close