Lauren van den Berg Archives - Mortgage Rates & Mortgage Broker News in Canada

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.

Mortgage rule changes will help spark demand, but supply challenges persist: experts

September 18, 2024 No Comments

Experts say Ottawa’s changes to mortgage rules could help spur demand among potential homebuyers, but supply challenges are likely to persist in Canada’s real estate sector despite lofty goals to build new housing.

FSRA introduces stricter guidelines for mortgage broker licensing

July 19, 2024 No Comments

FSRA has issued new guidelines to enhance mortgage broker licensing standards, aiming to better protect homebuyers and investors.

OSFI delays capital floor increase for banks amid competitive imbalance concerns

July 12, 2024 No Comments

OSFI is pushing back implementation of a rule change that could have significant implications for Canadian lenders

Exclusive: 76% of mortgage holders are anxious about their upcoming renewal: MPC survey

June 11, 2024 No Comments

Growing financial anxiety is affecting both Canadian mortgage holders and non-owners alike, according to the latest consumer survey from Mortgage Professionals Canada.

Ottawa to allow 30-year amortization for first-time buyers’ mortgages on new homes

April 11, 2024 2 Comments

Advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain homebuyers.

How can we fix Canada’s housing supply crisis? This panel of experts has some ideas…

May 31, 2023 No Comments

There’s no doubt that Canada is currently in the midst of a housing supply crunch. The big question is, what can be done by governments to address it?

CMHC consumer survey reveals the importance of follow-up contact by mortgage brokers

May 11, 2023 No Comments

There was a simple but important lesson for mortgage brokers in CMHC’s 2023 Consumer Survey released Wednesday: follow-up contact leads to more satisfied clients.

Housing affordability challenges raising risk of mortgage fraud

Housing affordability challenges leading to increased risk of fraud

March 28, 2023 No Comments

With higher prices and interest rates putting the dream of homeownership further out of reach studies suggest Canadians are more comfortable inflating certain details of their mortgage application — a form of fraud that could have serious legal ramifications.

Lauren van den Berg named new MPC CEO

August 10, 2022 1 Comment

Mortgage Professionals Canada announced today that Lauren van den Berg will take over as President and CEO of the association starting next month. Van den

Lauren van den Berg