Equitable Bank saw its mortgage arrears rate triple over the past 12 months now that a majority of its clients have renewed at higher interest rates.
The British Columbia government today unveiled additional details of its proposed house flipping tax that was introduced in last week's budget.
As Cupid readies his arrows for Valentine's Day, a new survey has uncovered that high interest rates are taking their toll on Canadians' romantic life
Canada’s banking regulator confirmed today it will leave the mortgage stress test for uninsured mortgages unchanged.
CIBC was recently fined over $3.4 million by British Columbia's consumer protection agency, Consumer Protection BC, due to violations related to mortgage discharge documentation.
When it comes to understanding mortgage rates and their impact on monthly payments, many Canadian borrowers have room for improvement.
Numerous lenders continued to raise fixed mortgage rates this week, including several big banks, and more hikes could be on the way as short-term bond yields hit a 15-year high.
After spending most of the past year at or near record lows, Canada's mortgage delinquency rate is expected to return to pre-pandemic levels, potentially rising by nearly a third.
Canadian home prices could fall another 5% to 7% in 2023, according to the latest forecast from Fitch Ratings.
Nearly 8 in 10 fixed-payment variable-rate borrowers have hit their trigger rate, according to data from National Bank of Canada.