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Mortgage Digest: 50% odds of a 50-bps October rate cut, experts say
A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.
Mortgage Digest: Canadians putting the brakes on spending
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
Despite a gradual rise, Canadian mortgage arrears are expected to remain manageable due to the economic recovery and the mortgage stress test
Weekly mortgage digest: Which big banks just dropped fixed rates?
After a spike in bond yields last week prompted some mortgage lenders to increase certain rates, fixed mortgage rates are again trending downward.
Latest in Mortgage News: Financial experts see less risk of an imminent recession
A recent survey of financial experts reveals a shift in recession expectations, showing a decrease in the likelihood of an imminent economic downturn. However, there is growing uncertainty regarding the timing and degree of anticipated Bank of Canada interest rate cuts.
Latest in mortgage news: 50% of Canadians say high interest rates are negatively impacting their love life
As Cupid readies his arrows for Valentine’s Day, a new survey has uncovered that high interest rates are taking their toll on Canadians’ romantic life
Latest in mortgage news: BC regulator slaps CIBC with $3.4M fine over mortgage violation
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.
Latest in mortgage news: More education needed on mortgage rates, survey shows
When it comes to understanding mortgage rates and their impact on monthly payments, many Canadian borrowers have room for improvement.
RBC sees mortgage delinquencies rising nearly 30% in the coming year
After spending most of the past year at or near record lows, Canada’s mortgage delinquency rate is expected to return to pre-pandemic levels, potentially rising by nearly a third.