CIBC was recently fined over $3.4 million by British Columbia's consumer protection agency, Consumer Protection BC, due to violations related to mortgage discharge documentation.
Canada’s mortgage industry came together on Monday night to honour this year’s three newest inductees into the Mortgage Hall of Fame.
Between interest rate increases of over 450 basis points (4.50%) since April 2022, and an expectation of persistently high inflation, both Canadian consumers and businesses say they are now feeling the impact.
Mortgage Professionals Canada (MPC) has unveiled a new national campaign emphasizing the pivotal role mortgage brokers play in guiding Canadians towards their homeownership dreams.
Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise.
When deciding to leave interest rates unchanged at its Sept. 6 monetary policy meeting this month, the Bank of Canada determined the past hikes are working to slow the economy.
In its economic and housing outlook released today, Oxford Economics is forecasting a mild recession by the end of the year will lead to an additional 10% decline in average house prices by early next year.
Nearly half of non-homeowners in Canada think they'll never be able to purchase a home, according to new survey results from Mortgage Professionals Canada (MPC).
more Canadians are now turning to co-ownership as a means to combat housing in-affordability.
Early-stage delinquencies on both mortgage and non-mortgage debt continued to rise in the second quarter, a sign that high interest rates are increasingly weighing on Canadian borrowers.
