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.

Weekly Mortgage Digest: CMHC halts dividend payments to boost rental housing

September 5, 2024 No Comments

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

Weekly Mortgage Digest: 84% of young Canadians prioritize homeownership despite affordability challenges

August 28, 2024 No Comments

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

Weekly Mortgage Digest: Canadians putting the brakes on spending

August 11, 2024 No Comments

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

Weekly Mortgage Digest: Bond yields fall to 2-year lows, more rate cuts to follow

August 4, 2024 No Comments

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

Mortgage arrears have yet to peak, but unlikely to reach long-term norm: BMO

July 29, 2024 No Comments

Despite a gradual rise, Canadian mortgage arrears are expected to remain manageable due to the economic recovery and the mortgage stress test

Mortgage Digest: First-time buyers relying on gifted down payments more than ever

July 29, 2024 No Comments

Mortgage down payment gifts from family members remain a crucial factor for first-time homebuyers in Canada, even as the housing market cools and economic conditions tighten.

Weekly mortgage digest: Fixed rates trending downward ahead of expected BoC cut

July 22, 2024 No Comments

This week’s digest highlights the past week’s key mortgage news, including the downward trend in fixed mortgage rates as lenders respond to lower bond yields.

Weekly mortgage digest: Which big banks just dropped fixed rates?

July 10, 2024 No Comments

After a spike in bond yields last week prompted some mortgage lenders to increase certain rates, fixed mortgage rates are again trending downward.

How fixed-payment variable rate mortgages have saved the economy

The latest mortgage news: Variable-rate mortgages are making a comeback

June 28, 2024 No Comments

Mortgage borrowers are increasingly opting for variable-rate mortgages, a trend that is expected to continue as the Bank of Canada continues to lower interest rates.

Online mortgage lender Nesto says it has acquired mortgage finance company CMLS Group. CMLS Group, one of Canada’s largest independently owned real estate finance companies, offers a wide range of commercial lending services, residential mortgages and institutional services. The combined company will have over 1,000 employees across 10 offices and more than $60 billion in mortgages under administration. Financial terms of the agreement were not disclosed. Nesto chief executive Malik Yacoubi will be CEO of the combined company, while CMLS chief executive Sam Brown will continue as president and head of the commercial division. The combined company expects to keep the Nesto, CMLS and Intellifi brands. Nesto says the deal was supported by investments from Diagram Ventures, Portage, National Bank of Canada’s corporate venture capital arm, IGM Financial, BMO Capital Partners, Fonds de solidarité FTQ and Fondaction. This report by The Canadian Press was first published June 21, 2024.

Online mortgage lender Nesto acquires mortgage finance company CMLS Group

June 21, 2024 No Comments

Online mortgage lender Nesto says it has acquired mortgage finance company CMLS Group.

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Mortgage Industry News

Weekly Mortgage Digest: CMHC halts dividend payments to boost rental housing

Weekly Mortgage Digest: 84% of young Canadians prioritize homeownership despite affordability challenges

Weekly Mortgage Digest: Canadians putting the brakes on spending

Weekly Mortgage Digest: Bond yields fall to 2-year lows, more rate cuts to follow

Mortgage arrears have yet to peak, but unlikely to reach long-term norm: BMO

Mortgage Digest: First-time buyers relying on gifted down payments more than ever

Weekly mortgage digest: Fixed rates trending downward ahead of expected BoC cut

Weekly mortgage digest: Which big banks just dropped fixed rates?

The latest mortgage news: Variable-rate mortgages are making a comeback

Online mortgage lender Nesto acquires mortgage finance company CMLS Group

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