mortgage originations Archives - Mortgage Rates & Mortgage Broker News in Canada

How fixed-payment variable rate mortgages have saved the economy

The latest mortgage news: Variable-rate mortgages are making a comeback

June 28, 2024 No Comments

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.

Mortgage activity down 25% from 2022 and fixed rates remain top choice, stats show

November 23, 2023 No Comments

High interest rates have applied the brakes to Canada’s mortgage market, which saw growth slow to a 22-year low in September.

Mortgage delinquencies on the rise, says Equifax Canada

Early-stage delinquencies for all credit products are on the rise: Equifax

September 14, 2023 1 Comment

Early-stage delinquencies on both mortgage and non-mortgage debt continued to rise in the second quarter, a sign that high interest rates are increasingly weighing on Canadian borrowers.

New mortgage growth slows as rising interest rates and soft real estate market take effect

June 13, 2023 No Comments

Rising interest rates and a softening real estate market have applied the brakes to new mortgage growth, which fell to its slowest pace since 2018.

Mortgage originations falling, says Equifax

Non-mortgage debt and delinquencies on the rise: Equifax

April 7, 2023 No Comments

High interest rates have applied the brakes to Canada’s housing market, with mortgage originations down nearly 40% compared to a year earlier.

Despite slowing volumes, First National expects to remain above pre-pandemic levels

August 1, 2022 No Comments

First National Financial saw a second consecutive month of slowing mortgage originations in Q2 as rising interest rates continue to impact the housing market.

First National Sees Single-Family Originations Fall in Q1 as Market Slows, but Renewals Surge

April 28, 2022 No Comments

First National reported a decline in single-family originations in the face of a slowing real estate market and increased competition.

2020 Mortgage Forecasts: Defaults to Jump, Originations to Tumble, Sales to “Suffer”

May 5, 2020 2 Comments

There’s no doubt that Canada’s mortgage and real estate industries will suffer in the short term due to the impacts of the coronavirus pandemic. But

mortgage originations