
latest mortgage news


Mortgage Digest: First-time buyers relying on gifted down payments more than ever
Mortgage down payment gifts from family members remain a crucial factor for first-time homebuyers in Canada, even as the housing market cools and economic conditions tighten.

Weekly mortgage digest: Fixed rates trending downward ahead of expected BoC cut
This week’s digest highlights the past week’s key mortgage news, including the downward trend in fixed mortgage rates as lenders respond to lower bond yields.

The latest mortgage news: Variable-rate mortgages are making a comeback
Mortgage borrowers are increasingly opting for variable-rate mortgages, a trend that is expected to continue as the Bank of Canada continues to lower interest rates.

Latest in mortgage news: Borrowers must adapt to ‘new normal’ of higher rates, says Macklem
Interest rates may slowly start to be easing around the world, but they won’t be returning to pandemic levels and borrowers will need to adjust accordingly.

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: nesto gains access to broker channel in exclusive deal with M3 Group
Digital mortgage lender nesto this week announced an agreement with M3 Group that will allow it to start distributing mortgages through the broker channel.

Latest in mortgage news: Freeland approves RBC takeover of HSBC, with conditions
RBC’s $13.5-billion acquisition of HSBC’s Canadian unit cleared its final hurdle after receiving approval from Chrystia Freeland, Deputy Prime Minister and Minister of Finance.

Latest in Mortgage News: OSFI leaves stress test rate unchanged
Canada’s banking regulator confirmed today it will leave the mortgage stress test for uninsured mortgages unchanged.

Latest in mortgage news: Adult children of homeowners twice as likely to own a home
A key factor in determining whether an individual is likely to become a homeowner is whether or not their parents were property owners, a new study shows.