immigration Archives - Mortgage Rates & Mortgage Broker News in Canada

Equifax launches Global Consumer Credit File to help newcomers build Canadian credit

December 2, 2024 No Comments

The new initiative aims to simplify the credit-building process for immigrants by recognizing financial histories from their home countries.

Parliamentary Budget Officer Yves Giroux

Immigration cuts will help housing gap, PBO says, but less than government projects

November 16, 2024 No Comments

The federal government is overestimating the impact its cuts to immigration will have on the country’s housing shortage, the Office of the Parliamentary Budget Officer said in a new report.

Fixed mortgage rates may not follow Bank of Canada cuts, former TD economist warns

November 11, 2024 3 Comments

While plenty of consumers believe the Bank of Canada’s steady interest rate cuts will drop mortgage rates meaningfully across the board, economist Don Drummond isn’t so sure that prediction applies to fixed rate mortgages.

Justin Trudeau reverses immigration policy

Trudeau announces massive drop in immigration targets as Liberals make major pivot

October 24, 2024 No Comments

The federal government is slashing immigration targets as Prime Minister Justin Trudeau admits the government did not get the balance right following the COVID-19 pandemic.

Immigration provides important buffer for Canadian economy as population greys: RBC

May 30, 2024 No Comments

High levels of immigration are helping blunt the economic impact of Canada’s aging population even though it’s worsened challenges with housing affordability, a report by RBC says.

High immigration contributing to housing inflation, BoC says

December 7, 2023 No Comments

While spending by newcomers to Canada is having a negligible impact on headline inflation, it is contributing to elevated housing and rent prices, the Bank of Canada says.

Lower Immigration to be a Drag on Housing for Years, Says TD

July 14, 2020 1 Comment

A drop in immigration levels will have “lasting impacts on ownership housing” in Canada for years to come, according to a research report from TD

immigration