Editor's pick Archives - Mortgage Rates & Mortgage Broker News in Canada

Mortgage industry braces for FINTRAC’s new AML rules starting tomorrow

October 10, 2024 No Comments

New FINTRAC regulations set to impact mortgage professionals nationwide.

Government secondary suites refinancing announcement

Feds launch mortgage refinancing program to boost secondary suites and ease housing crunch

October 8, 2024 23 Comments

The federal government is rolling out another set of mortgage changes aimed at addressing the housing shortage, this time focusing on supporting the construction of secondary suites.

Weeks of cuts give way to mortgage rate hikes as U.S. job numbers soar

October 7, 2024 No Comments

While everyone has been enjoying some amazing fall weather, the temperature isn’t the only thing heating up.

New mortgage rules spark debate in Canada’s housing sector

October 6, 2024 2 Comments

Canada’s mortgage industry is responding to the federal government’s recent adjustments to mortgage rules, aimed at improving affordability for certain buyers.

Forget the comparisons: success in brokering comes in many forms

October 2, 2024 5 Comments

I am tired of being told I am doing it wrong.

Weekly Mortgage Digest, Canadian Mortgage Trends

Mortgage Digest: 50% odds of a 50-bps October rate cut, experts say

October 1, 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.

Economy to grow moderately, rates to fall below three per cent next year: Deloitte

September 26, 2024 No Comments

Deloitte Canada expects economic growth to pick up next year as it forecasts the Bank of Canada to cut its key interest rate below three per cent by mid-2025.

OSFI to eliminate stress test for uninsured mortgage switches starting November 21

September 25, 2024 1 Comment

OSFI has confirmed that it will remove the requirement for lenders to apply the Minimum Qualifying Rate (MQR) to straight switches of uninsured mortgages.

Federal government releases technical details of its latest mortgage changes

September 24, 2024 2 Comments

As a follow-up to last week’s announcement, the federal government has unveiled a more detailed framework for its updated mortgage rules, which are set to take effect on December 15, 2024.

Weekly Mortgage Digest: Bank of Canada raises concerns over economic risks as inflation nears target

September 23, 2024 No Comments