Mortgage Industry News

The latest happenings from within the mortgage industry. Here you’ll find a wide-ranging selection of stories focused on (but not limited to) the mortgage broker and lender communities in Canada.

Despite tough quarter, TD sees year-over-year market share gains in mortgage lending

December 5, 2024 No Comments

Despite ongoing anti-money laundering (AML) remediation efforts, TD Bank saw growth in its mortgage lending business in Q4, with year-over-year market share gains.

DLCG shares surge as shareholders approve preferred shares acquisition

December 5, 2024 No Comments

Dominion Lending Centres Inc. (TSX: DLCG) announced this week that its shareholders have approved the acquisition of all Series 1 Class B preferred shares.

Equifax launches Global Consumer Credit File to help newcomers build Canadian credit

December 2, 2024 No Comments

The new initiative aims to simplify the credit-building process for immigrants by recognizing financial histories from their home countries.

Quebec’s legal battle between CNQ and title insurers leaves brokers and homeowners in limbo ahead of mortgage renewal wave

November 26, 2024 No Comments

Quebec-based mortgage brokers and homeowners are caught in limbo due to an ongoing legal battle that is unlikely to be resolved before the renewal tsunami hits.

OSFI removes mortgage stress test on switches

OSFI’s stress test on mortgage switches ends today: What you need to know

November 20, 2024 1 Comment

Starting tomorrow, certain mortgage borrowers will find it easier to switch lenders, thanks to the removal of the requirement to qualify at a higher stress test rate.

Mortgage rate war to intensify as lenders compete for renewal business, analyst says

November 14, 2024 No Comments

Former Scotiabank Mortgage head John Webster weighed in, noting that the big banks’ competitive pricing is unsustainable and unlikely to continue for long.

Farm financing article - Glengarry Farms

Glengarry and FCC partnership brings $60-million cash injection for farmers

November 8, 2024 No Comments

A new partnership between FCC and Glengarry Farm Finance Corporation is set to bring fresh funding solutions and improved rates to farmers across Western Canada and Ontario.

Trump’s win is already driving mortgage rate hikes in Canada

November 6, 2024 2 Comments

Markets around the globe jolted awake with an unexpected surge following Donald Trump’s U.S. election victory.

Alberta government introduces legislation to enable halal mortgage options

November 4, 2024 No Comments

The Alberta government has introduced legislation that will enable provincially regulated banks to offer halal home financing products.

Metro Vancouver home sales jump 32% in October amid lower mortgage rates