One year after B.C.’s short-term rental crackdown, has it made housing cheaper?

Marv Gandall says living in one of Victoria’s largest residential buildings a year ago meant a parade of people with suitcases, stuffed visitors parking and slow elevators.

Mortgage Industry News

Yukon launches first-time homebuyer loan program to pay up to half of down payments

Yukon’s government is launching a first-time homebuyer program in the territory that will see eligible residents receive low-interest loans to help with down payments.

Mortgage Industry News

Rate hikes slow non-bank mortgage growth and fuel rise in arrears

Non-bank lenders saw a continued move toward uninsured mortgages in Q4, alongside a steady rise in delinquencies.

Latest News

Dip in February retail sales strengthens case for another BoC rate cut

A second straight monthly decline in Canadian retail sales is adding to expectations that the Bank of Canada will ease interest rates in June.

April 24, 2025

One year after B.C.’s short-term rental crackdown, has it made housing cheaper?

Marv Gandall says living in one of Victoria's largest residential buildings a year ago meant a parade of people with suitcases, stuffed visitors parking and slow elevators.

April 24, 2025

Yukon launches first-time homebuyer loan program to pay up to half of down payments

Yukon's government is launching a first-time homebuyer program in the territory that will see eligible residents receive low-interest loans to help with down payments.

April 23, 2025

Rate hikes slow non-bank mortgage growth and fuel rise in arrears

Non-bank lenders saw a continued move toward uninsured mortgages in Q4, alongside a steady rise in delinquencies.

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

March 27, 2025 • Views: 17,628

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 interest rate cut this year, Scotiabank is standing firm in its view that the central bank is already done.

March 25, 2025 • Views: 70,554

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: 105,763

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...

March 7, 2025 • Views: 149,574

Three big banks cut mortgage rates this week, one drops 5-year fixed to 3.99%

Following dramatic swings in the bond market—and broader economic uncertainty sparked by...

Mortgage industry news

Mortgage Industry News

April 24, 2025 • Views: 334

Yukon launches first-time homebuyer loan program to pay up to half of down payments

Yukon’s government is launching a first-time homebuyer program in the territory that will see eligible residents receive low-interest loans to help with down payments.

April 23, 2025 • Views: 3,791

Rate hikes slow non-bank mortgage growth and fuel rise in arrears

Non-bank lenders saw a continued move toward uninsured mortgages in Q4, alongside a steady rise in...

April 21, 2025 • Views: 3,801

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...

April 14, 2025 • Views: 786

CENTUM appoints new leadership as Chris Turcotte joins RMA/Broker One

CENTUM Financial Group has named Adrian Schulz as its new President and Caroline Rapson as Vice...

Bank of canada

Bank of Canada

April 16, 2025 • Views: 2,450

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 diverging scenarios for the economy, reflecting the unprecedented uncertainty triggered by U.S. tariffs.

April 14, 2025 • Views: 5,410

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: 43,103

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...

March 26, 2025 • Views: 5,048

Bank of Canada’s urge to cut rates fades amid tariff uncertainty

The Bank of Canada appears increasingly reluctant to cut rates further, with minutes from its March...

Real Estate

April 24, 2025 • Views: 694

One year after B.C.’s short-term rental crackdown, has it made housing cheaper?

Marv Gandall says living in one of Victoria’s largest residential buildings a year ago meant a parade of people with suitcases, stuffed visitors parking and slow elevators.

April 16, 2025 • Views: 1,443

Rate hold means status quo for Canada’s struggling housing market: experts

Real estate watchers say the Bank of Canada's decision to hold its key policy rate steady at 2.75%...

April 15, 2025 • Views: 600

Tariff uncertainty foils ‘slam dunk rebound year’ for national home sales: CREA

The Canadian Real Estate Association has downgraded its forecast for home sales activity in 2025,...

April 8, 2025 • Views: 1,879

Average asking rents decrease for sixth straight month to $2,119: report

A new report says the national average asking rent in March was $2,119, marking the sixth straight...

Economic News

Economic news

April 25, 2025 • Views: 7

Dip in February retail sales strengthens case for another BoC rate cut

A second straight monthly decline in Canadian retail sales is adding to expectations that the Bank of Canada will ease interest rates in June.

Economic news

April 22, 2025 • Views: 14,227

Canada now expected to face deeper recession, Oxford warns

Weaker global demand, trade war uncertainty and job losses expected to drag economy into contraction through 2026.

Economic news

April 15, 2025 • Views: 1,498

Inflation eases to 2.3%, but BoC still faces tough call on rates

Inflation cooled more than expected in March, but persistently elevated core measures may keep the Bank of Canada on hold.

Townhouses under construction are seen in Delta, B.C.

Economic news

April 15, 2025 • Views: 198

CMHC reports annual pace of housing starts slowed in March

Canada Mortgage and Housing Corp. says the annual pace of housing starts in March slowed compared with February.

Government and regulation

Government and Regulation • Mortgage Industry News

March 31, 2025 • Views: 1,145

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.

Government and Regulation

March 23, 2025 • Views: 1,715

Federal election set for April 28, with economy and housing top of mind

Campaign begins as Carney and Poilievre square off on affordability, trade and tax policy

Government and Regulation

March 20, 2025 • 7 Comments • Views: 14,285

Carney pledges to cut GST for first-time buyers of homes under $1M

Prime Minister says move will save Canadians up to $50,000 and boost housing supply amid affordability crisis

Government and Regulation

March 14, 2025 • Views: 5,269

OSFI warns of mortgage payment shocks as key risk to Canada’s financial system

Canada’s banking regulator has flagged mortgage payment shocks as a significant risk to the country’s financial stability, citing the large volume of mortgages set for renewal in the coming 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

Quarterly Earnings

March 17, 2025 • Views: 883

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: 1,779

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: 18,394

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.

Quarterly Earnings

February 27, 2025 • Views: 1,486

Three-quarters of Equitable Bank’s uninsured mortgages to renew at lower rates this year

Equitable Bank is optimistic about continued loan growth in 2025, buoyed by expectations that most of its single-family mortgage borrowers will renew at lower rates this year.

Mortgage Tech News

Mortgage Tech News

April 10, 2025 • Views: 2,715

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: 764

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: 2,369

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: 1,452

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: 265

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: 301

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: 349

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: 632

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: 343

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: 202

‘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

April 17, 2025 • Views: 2,792

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: 6,040

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: 9,224

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: 2,801

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: 1,683

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...

January 6, 2025 • One Comment • Views: 4,613

Pre-construction purchases: Beware of closing day surprises

Recently, we helped a couple navigate the process of buying a pre-construction condo townhome....

Mortgage Interviews

Mortgage Interviews • Sponsored post

January 17, 2024 • Views: 358

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: 295

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: 240

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: 260

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: 1,683

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: 1,331

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: 1,453

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: 1,110

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

April 23, 2025 • Views: 201

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: 494

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: 190

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: 509

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...

April 8, 2025 • Views: 319

Sticking with a retirement investing plan during times of volatility

Three days of wild market volatility sparked by U.S. tariffs is enough to cause any investor...

March 25, 2025 • Views: 475

Tariffs are sending markets on a wild ride. Here’s advice for young investors

Wild swings in the stock market can be difficult to stomach for many investors, let alone young...

Opinion

April 21, 2025 • Views: 3,801

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: 4,333

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: 2,369

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: 1,879

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: 1,198

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: 19,208

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

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

Regional

April 13, 2025 • Views: 343

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: 873

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.

Federal government promises $2.55B in low-cost loans

Regional

March 20, 2025 • Views: 323

Federal government promises $2.55B in low-cost loans to build Toronto rental homes

The federal government is promising billions in low-cost financing to help build thousands of rental homes in Toronto, including more than a thousand affordable units.

Quebec

Regional

April 6, 2025 • Views: 963

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: 166

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: 214

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

April 6, 2025 • Views: 192

B.C. touts speed of major housing program to mark one-year anniversary

British Columbia’s government celebrated the first anniversary of one of its cornerstone housing programs at the groundbreaking of a 179-unit rental building in North Vancouver, which it says went from concept to construction in 14 months.

Regional

April 4, 2025 • Views: 1,017

B.C. bumps up rental subsidy programs for seniors, low-income families

Recipients of two British Columbia programs aimed at making rent more affordable for seniors and families in need will see a bump in their subsidies starting this month.

Regional

April 2, 2025 • Views: 360

Vancouver home sales hit lowest March levels since 2019 despite supply influx: board

Despite housing supply in the Vancouver area continuing to rise, the number of homes that changed hands in the region last month fell to the lowest levels for March since 2019.

Prairies

Regional

April 1, 2025 • Views: 2,628

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: 1,632

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.

Temporary housing units in Jasper, Alberta

Regional

February 13, 2025 • Views: 210

Seven months after wildfire, temporary housing arrives in Jasper

The first trailers to house displaced locals rolled into Jasper, Alta., this week, about seven months after a third of the town was ravaged by a runaway wildfire.

Atlantic

Regional

March 29, 2025 • Views: 224

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: 287

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.

Regional

December 17, 2024 • Views: 201

Halifax mayor says city is past the worst of its housing crisis, advocates disagree

The worst of Halifax’s homeless crisis is over, says the city’s new mayor, who wants to see encampments closed as quickly as possible — even as homelessness advocates vigorously disagree that the situation is improving.

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