nanos consumer confidence Archives - Mortgage Rates & Mortgage Broker News in Canada

Mortgage rate war to intensify as lenders compete for renewal business, analyst says

November 14, 2024 No Comments

Former Scotiabank Mortgage head John Webster weighed in, noting that the big banks’ competitive pricing is unsustainable and unlikely to continue for long.

Weekly mortgage digest: Which big banks just dropped fixed rates?

July 10, 2024 No Comments

After a spike in bond yields last week prompted some mortgage lenders to increase certain rates, fixed mortgage rates are again trending downward.

High interest rates impacting Canadians love life

Latest in mortgage news: 50% of Canadians say high interest rates are negatively impacting their love life

February 12, 2024 1 Comment

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

Latest in mortgage news: Freeland approves RBC takeover of HSBC, with conditions

December 22, 2023 No Comments

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: bond yields plunge as U.S. inflation eases

November 14, 2023 No Comments

Canadian bond yields took another step down today following the release of lower-than-expected inflation data south of the border.

Latest in mortgage news: Equitable Bank unveils 40-year amortization mortgage

October 23, 2023 No Comments

Equitable Bank has announced that, in partnership with a third-party lender, it is introducing a new 40-year amortization mortgage product.

Canadian recession imminent and could last through the first half of 2024: Desjardins

August 31, 2023 No Comments

Despite Canada’s economy outperforming expectations over the last few quarters, signs are starting to suggest a slowdown is on the horizon, according to a report from Desjardins.

BMO & CIBC hike fixed rates, and more lenders could join them as bond yields rise

June 7, 2023 No Comments

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.

NBC first to offer First Home Savings Account

The latest in mortgage news: National Bank among first to offer First Home Savings Account

April 18, 2023 No Comments

National Bank has become one of the first of the big banks to make the new First Home Savings Account (FHSA) available to its clients.

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