bmo Archives - Mortgage Rates & Mortgage Broker News in Canada

Mortgage rate war heats up as big banks slash rates — “The spring market starts now”: Butler

March 18, 2025 2 Comments

Big banks are slashing mortgage rates in a heated battle for market share as the spring homebuying season kicks off.

BMO’s negative amortization mortgages shrink as 1 in 3 renewals see lower payments

February 26, 2025 No Comments

More BMO mortgage borrowers are seeing their payments ease, while the number of negative amortization mortgages continues to shrink.

A variable-rate mortgage could save borrowers over $6,000 on their next term: BMO

February 24, 2025 1 Comment

Variable mortgage rates are looking increasingly attractive compared to fixed rates, with the potential for significant savings, according to new research from BMO Economics.

Farm Lending Canada partners with BMO to tap into agricultural financing boom

February 6, 2025 No Comments

Five years ago, Farm Lending Canada identified an opportunity in the agriculture alternative lending space. Now the country’s major banks see it too.

BMO forecasts 1.50% BoC rate by year-end if U.S. imposes tariffs on Canada

February 4, 2025 No Comments

Canada received a temporary reprieve from U.S. tariffs for at least 30 days, but if enacted, BMO warns the Bank of Canada may be forced to cut its policy rate to 1.50% by year-end.

Lenders slow to roll out secondary suit refinancing program

Big banks slow to roll out secondary suite refinancing program despite January 15 launch

January 31, 2025 No Comments

Canadian Mortgage Trends has learned that only a few major lenders are currently accepting applications for the federal government’s secondary suite refinancing program.

Experts bet on sixth straight Bank of Canada rate cut this week

January 27, 2025 No Comments

Economists and markets expect a 25-basis-point rate cut this week, bringing the Bank of Canada’s policy rate to a two-year low of 3%.

EXCLUSIVE: BMO brings back OSFI’s stress test for uninsured mortgage switches

December 19, 2024 No Comments

The excitement over last month’s removal of the stress test for uninsured mortgage switches may have been short-lived—at least for some bank customers.

BMO’s loan loss provisions surge in Q4, but execs say credit strain appears to have peaked

December 8, 2024 No Comments

BMO’s credit performance worsened more than expected, contributing to a 15% year-over-year decline in adjusted full-year earnings.

Banks head into Q4 with investors looking for better days ahead

December 1, 2024 No Comments

The majority of Canada’s big banks are heading into fourth-quarter earnings this week riding high as fears around mortgage defaults and a recession ease.

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