RBC says it expects the country's housing correction to "deepen" in the coming months with resale activity and prices falling more than expected.
Earlier this month, Rocket Mortgage U.S. announced its plans to enter the Canadian market. What does this mean for mortgage brokers and mortgage consumers?
Despite June's headline CPI inflation reading rising to a near-40-year high, it was less than markets had expected.
The Bank of Canada's historic 100-bps rate hike last week has led to confusion over how the stress test should be applied to variable rate mortgage applications already in lender pipelines.
As the Bank of Canada continues to hike interest rates, the country's housing agency sees the chance of a recession growing the higher rates go.
With home values on the decline and economic conditions changing, there has been heightened interest in how Canada’s alternative lenders are adapting.
The odds of the Bank of Canada joining the "75-bps club" grew on Monday following the release of two Bank surveys that show inflation expectations on the rise.
Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising.
More than 9 out of 10 Canadians want to be able to live out their retirement years in the comfort of their home, and reverse mortgages are increasingly being used to make that a reality.