canadian mortgages Archives - Mortgage Rates & Mortgage Broker News in Canada

Mortgage originations falling, says Equifax

Non-mortgage debt and delinquencies on the rise: Equifax

April 7, 2023 No Comments

High interest rates have applied the brakes to Canada’s housing market, with mortgage originations down nearly 40% compared to a year earlier.

January home sales at lowest level since 2009: CREA

February 16, 2023 No Comments

According to the latest data from the Canadian Real Estate Association, national home sales declined 3% month-over-month in January, their lowest level since 2009.

What can we expect from the housing market in 2023?

January 18, 2023 No Comments

Housing activity picked up across the country in December after plummeting for much of 2022 due to climbing interest rates.

2022 – Year in review

January 1, 2023 No Comments

As we turn the page on yet another tumultuous year, we wanted to take a look back at some of the top mortgage-related stories of 2022 and how mortgage rates fared.

TD and CIBC comment on mortgage renewals and trigger points

August 25, 2022 No Comments

TD Bank and CIBC released their third-quarter earnings results on Thursday, and both provided updates on their variable-rate mortgage balances.

Is Canada’s mortgage stress test still relevant?

August 21, 2022 2 Comments

Earlier this month, the Bank of England scrapped its mortgage affordability stress test. With mortgage rates presumably approaching their peak for this rate-hike cycle, some are wondering if changes to Canada’s stress test are overdue.

Variable-rate mortgages are about to trigger payment increases

August 8, 2022 3 Comments

There’s been a lot of discussion recently about how variable-rate mortgage holders could face their “trigger point.” We’re going to explore what that means, and the implications for borrowers.

10 Reasons Why Homebuyers May Not Qualify for the Best Rates

April 5, 2022 1 Comment

As mortgage brokers, we know that homebuyers are sometimes disappointed when they can’t qualify for the best rates. They inevitably always come back with one burning question: why?

Is the Real Estate Frenzy Finally Slowing Down? Signs are Emerging.

March 7, 2022 No Comments

There are signs cropping up that the intense level of housing imbalance seen throughout the pandemic may finally be reaching a turning point.

Canadian mortgage origination growth in the third quarter

Chartered Banks Saw a Surge in Uninsured Mortgage Origination in Q3: CMHC

January 26, 2022 1 Comment

Chartered banks saw mortgage originations grow by 11% in the third quarter, a growing percentage of which were uninsured mortgages. Comparatively, non-bank lenders, including mortgage

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