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Au milieu de tours d’habitation, de la machinerie lourde est utilisée pour la démolition d’immeubles d’appartements

Quarterly Earnings • Real Estate

Vancouver has the highest rents in the country, according to Statistics Canada

Vancouver had the highest average asking rent for a two-bedroom apartment in the first quarter, according to Statistics Canada.

Andrew Moor, Equitable Bank

Mortgage Industry News

Equitable Bank announces sudden passing of President and CEO Andrew Moor

EQB Inc. announced Tuesday the sudden passing of Andrew Moor, its long-time President and CEO.

Muskoka chairs sit on a dock looking over Boshkung Lake, in Algonquin Highlands, Ont

Mortgage Strategies

Dreaming of a lakeside cottage but can’t afford it? Co-ownership could open that door

A lakeview cottage with cosy rooms, a sandy beach nearby and a dock to gaze into the sunset was the dream for Corrine Evanoff.

Latest News

Au milieu de tours d’habitation, de la machinerie lourde est utilisée pour la démolition d’immeubles d’appartements

Vancouver has the highest rents in the country, according to Statistics Canada

Vancouver had the highest average asking rent for a two-bedroom apartment in the first quarter, according to Statistics Canada.

Steady May inflation figures don’t make the case for rate cuts: economists

May inflation figures showed marginal improvements in some of the Bank of Canada's closely watched price figures — a step in the right direction, some economists say, but likely not enough to convince the central bank to cut interest rates.

Equitable Bank announces sudden passing of President and CEO Andrew Moor

EQB Inc. announced Tuesday the sudden passing of Andrew Moor, its long-time President and CEO.

Inflation holds steady at 1.7% in May, but July rate cut hinges on trade talks

Inflation data came in as expected, with core measures easing slightly, but that may not clear the path for a July rate cut, experts say.

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The Mortgage Magazine

Features • Mortgage Industry News

Recognizing leaders in Canadian mortgages: New inductees join the Hall of Fame

This week, Canada’s mortgage industry gathered to celebrate the remarkable achievements of this year’s Mortgage Hall of Fame inductees.

Extreme weather impact on mortgages

Features

How extreme weather events are reshaping mortgage risks

Climate-related disasters have been dominating headlines for years now, but their increasing frequency and severity are becoming more apparent.

AI impact on mortgage originations

Features • Mortgage Tech News

How artificial intelligence is revolutionizing the mortgage origination process

With its ability to analyze vast amounts of data, automate processes and provide valuable insights, AI is reshaping the way mortgages are originated, underwritten and serviced.

Diversity in the mortgage industry feature

Features • Mortgage Interviews

Embracing diversity: Hear first-hand how the mortgage industry benefits by fostering inclusion

When Jeremy Hamelin was about to enter the mortgage industry four years ago, he admits he had some preconceived notions about how he may—or may not—be accepted by colleagues and clients.

INTEREST Rates

Rates rising again

Interest Rates

May 14, 2025 • One Comment • Views: 41,902

Why Canadian fixed mortgage rates are rising again

After briefly dipping below 4%, most five-year fixed mortgage rates at Canada’s major banks are back above the 4% mark, and could stay elevated for the foreseeable future, experts say.

May 2, 2025 • Views: 40,683

Fixed rates are creeping up—and variable-rate discounts are shrinking too

Some of the lowest fixed mortgage rates have vanished in recent weeks—and lenders are quietly...

March 27, 2025 • Views: 18,205

Why Scotiabank thinks the Bank of Canada is done cutting rates

While most of Canada’s Big 6 banks expect the Bank of Canada to deliver at least one more...

March 25, 2025 • Views: 71,121

Mortgage Digest: Fixed mortgage rates keep falling, but variable-rate pricing is on the rise

Spring mortgage season is bringing better fixed-rate deals, but not all borrowers are seeing...

Mortgage industry news

Andrew Moor, Equitable Bank

Mortgage Industry News

June 24, 2025 • Views: 3,581

Equitable Bank announces sudden passing of President and CEO Andrew Moor

EQB Inc. announced Tuesday the sudden passing of Andrew Moor, its long-time President and CEO.

June 23, 2025 • Views: 187

Quebec’s next wave of buyers is young, eager—and still facing major hurdles

New survey finds strong buyer appetite, but financial barriers and green priorities shape the road...

June 18, 2025 • Views: 1,702

Canadian households took on $9.1B in new mortgage debt in April

Mortgage debt growth accelerated in April as Canadian households added $9.1 billion in new...

June 8, 2025 • Views: 1,258

Gen Z credit use up 30%, as Canada’s consumer debt hits $2.5 trillion

Canada’s consumer debt climbed to a record $2.5 trillion in the first quarter, with Gen Z,...

Bank of canada

Tiff Macklem, governor of the Bank of Canada, speaks during an event at the Toronto Region Board of Trade in Toronto

Bank of Canada

June 18, 2025 • Views: 1,354

BoC’s Macklem warns tariffs are stalling recovery, may fuel inflation

BoC Governor says Canadian jobs and exports are already being hit by U.S. tariffs, with price pressures potentially next

June 17, 2025 • Views: 4,785

Why the Bank of Canada held its policy rate in June, despite rising risks

The Bank of Canada saw enough reasons to stay put on interest rates earlier this month, even as...

June 5, 2025 • Views: 379

Kozicki: Patience needed for additional rate relief as tariffs, inflation fears linger

The Bank of Canada is keeping a close eye on the real economy, and what it's seeing has...

June 4, 2025 • Views: 1,200

Bank of Canada holds at 2.75% and puts forecasts on hold too

With tariff uncertainty clouding the outlook, the Bank is holding rates, and holding off on forward...

Real Estate

Au milieu de tours d’habitation, de la machinerie lourde est utilisée pour la démolition d’immeubles d’appartements

Quarterly Earnings • Real Estate

June 25, 2025 • Views: 46

Vancouver has the highest rents in the country, according to Statistics Canada

Vancouver had the highest average asking rent for a two-bedroom apartment in the first quarter, according to Statistics Canada.

June 19, 2025 • Views: 645

Home construction must double over next decade to restore 2019 affordability: CMHC

Canada Mortgage and Housing Corp. says up to 4.8 million new homes will need to be built over the...

June 19, 2025 • Views: 413

Affordability challenges still plague renters despite falling prices: report

A new report suggests Canadian renters continue to face affordability challenges even as asking...

June 16, 2025 • One Comment • Views: 676

May home sales down 4.3% from year ago, but activity up month-over-month

Home sales in May fell 4.3% compared with a year ago, however the Canadian Real Estate Association...

Real Estate

Au milieu de tours d’habitation, de la machinerie lourde est utilisée pour la démolition d’immeubles d’appartements

Quarterly Earnings • Real Estate

June 25, 2025 • Views: 46

Vancouver has the highest rents in the country, according to Statistics Canada

Vancouver had the highest average asking rent for a two-bedroom apartment in the first quarter, according to Statistics Canada.

June 19, 2025 • Views: 645

Home construction must double over next decade to restore 2019 affordability: CMHC

Canada Mortgage and Housing Corp. says up to 4.8 million new homes will need to be built over the...

June 19, 2025 • Views: 413

Affordability challenges still plague renters despite falling prices: report

A new report suggests Canadian renters continue to face affordability challenges even as asking...

June 16, 2025 • One Comment • Views: 676

May home sales down 4.3% from year ago, but activity up month-over-month

Home sales in May fell 4.3% compared with a year ago, however the Canadian Real Estate Association...

Economic News

A rental sign is seen outside a building in Ottawa

Economic news

June 24, 2025 • Views: 300

Steady May inflation figures don’t make the case for rate cuts: economists

May inflation figures showed marginal improvements in some of the Bank of Canada’s closely watched price figures — a step in the right direction, some economists say, but likely not enough to convince the central bank to cut interest rates.

Canadian inflation on the rise

Economic news

June 24, 2025 • Views: 578

Inflation holds steady at 1.7% in May, but July rate cut hinges on trade talks

Inflation data came in as expected, with core measures easing slightly, but that may not clear the path for a July rate cut, experts say.

Housing starts January 2025

Economic news

June 23, 2025 • Views: 2,578

Canada sees largest monthly drop in residential construction investment since 2021

Residential construction investment fell 4.5% in April to $15.5 billion, the steepest monthly decline in dollar terms in nearly three years, led by a sharp pullback in multi-unit projects.

Canadian retail sales report

Economic news

June 20, 2025 • Views: 262

Retail sales rebound in April, but warning signs point to slowdown ahead

While April marked a second month of gains, early data for May suggests the rebound is already faltering amid trade tensions and weakening demand.

Government and regulation

Houses for sale in a new subdivision in Airdrie, Alta.

Government and Regulation

June 11, 2025 • Views: 804

Ottawa’s GST rebate on new homes would save typical first-time buyer $27K: PBO

An eligible first-time homebuyer could save an average of $26,832 in sales tax on the price of a newly built home under Ottawa’s latest housing proposal, the parliamentary budget officer said in a new report on Wednesday.

Ottawa's plan to waive the sales tax on new builds

Government and Regulation

June 9, 2025 • 2 Comments • Views: 1,403

GST relief on new homes could save 1st-time buyers up to $240 on mortgages: report

The Liberal plan to give first-time homebuyers a tax break on a newly built home could have substantial impacts on housing affordability — with a few caveats — a new analysis finds.

OSFI removes mortgage stress test on switches

Government and Regulation

June 7, 2025 • 3 Comments • Views: 10,765

OSFI eyes loan-to-income rules to replace stress test as industry weighs implications

Canada’s banking regulator is weighing a major overhaul to how borrowers qualify for mortgages, one that could have significant implications for banks, brokers and homebuyers alike.

Gregor Robertson, minister of housing and infrastructure and minister

Government and Regulation

May 14, 2025 • Views: 282

New housing minister says he’ll ‘leverage’ past as Vancouver mayor in role

Canada’s new housing minister says he didn’t have the tools he needed to address housing affordability issues when he was mayor of Vancouver — the country’s most expensive housing market.

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Quarterly Earnings

Au milieu de tours d’habitation, de la machinerie lourde est utilisée pour la démolition d’immeubles d’appartements

Quarterly Earnings • Real Estate

June 25, 2025 • Views: 46

Vancouver has the highest rents in the country, according to Statistics Canada

Vancouver had the highest average asking rent for a two-bedroom apartment in the first quarter, according to Statistics Canada.

Broker Lender Market Share

Quarterly Earnings

June 1, 2025 • Views: 954

EQB gains mortgage share in slower housing market

EQB saw continued strength in its uninsured mortgage and CMHC-backed multi-unit lending businesses in Q2 despite a challenging macroeconomic backdrop and a rise in credit losses linked to 2022-vintage loans.

RBC Royal Bank quarterly earnings

Quarterly Earnings

May 30, 2025 • Views: 8,231

RBC sees rising mortgage delinquencies, with GTA leading the way

RBC is starting to see more signs of stress in its mortgage book as high interest rates continue to weigh on borrowers—particularly in more economically vulnerable parts of the country.

CIBC logo is displayed in the lobby of its headquarters in Toronto

Quarterly Earnings

May 29, 2025 • Views: 180

CIBC reports rise in profit on trading boost, modest borrower concerns

CIBC reported a rise in second-quarter profit from last year as it got a boost from volatility-related trading while loan losses were subdued despite the economic uncertainty.

Mortgage Tech News

Mortgage tech customers

Mortgage Tech News

June 9, 2025 • Views: 686

Mortgage tech’s customer conundrum: Who are platforms really built for?

This is such a basic question that you might be asking yourself, “how could an entire article be dedicated to answering this?”

AI mortgage approvals

Mortgage Tech News

April 10, 2025 • Views: 3,032

AI is coming for mortgage underwriting — but underwriters aren’t going anywhere, lenders say

As AI makes inroads into underwriting, lenders say it’s a tool for efficiency — not a substitute for human expertise.

AI-driven robots arms

Mortgage Tech News

March 9, 2025 • Views: 833

Rise of the robots: Some homebuilders turning to automation to bridge labour shortage

At a housing construction site in Gananoque, Ont., Val spends nearly two months laying concrete, used to build 26 stacked townhouse units.

Frustrated with mortgage tech

Mortgage Tech News • Opinion

February 13, 2025 • Views: 2,499

Frustrated with mortgage tech? You’re not alone

For the past few years, mortgage brokers have been presented with a seemingly non-stop barrage of new mortgage technology.

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Business Development

September 27, 2023 • Views: 315

How mortgage brokers can capitalize on the popularity of text messaging

A full 90% of young people between the ages of 18 and 29 favour text messaging as their primary...

June 26, 2023 • Views: 351

Unleashing the power of LinkedIn: essential strategies and hidden gems for mortgage professionals

In today's digital age, LinkedIn has become a powerful tool for professionals across industries to...

June 1, 2023 • One Comment • Views: 434

Creating engaging mortgage content: how to build trust and authority for your clients

Brokers need to be well-informed about market trends, interest rates, policy changes, and economic...

April 3, 2023 • Views: 733

What you need to know about FSRA’s new licensing requirements for private mortgages

New licensing categories are now in effect for all Ontario brokers and agents starting in April....

March 31, 2023 • Views: 410

How mortgage brokers can unlock the power of personal video messages

It's important to find ways to connect with potential clients and build trust. By recording a video...

February 22, 2023 • Views: 276

‘Business for self’ clients are on the rise. How do you secure a mortgage for one?

Roughly 2.9 million Canadians were self-employed in 2018, according to Statistics Canada, and many...

Mortgage Strategies

June 20, 2025 • Views: 646

Dreaming of a lakeside cottage but can’t afford it? Co-ownership could open that door

A lakeview cottage with cosy rooms, a sandy beach nearby and a dock to gaze into the sunset was the...

June 13, 2025 • Views: 4,456

Thinking about a prefab home or secondary suite? Here’s what to consider

When our clients Chris and Brianne Curry completed the construction of their modular backyard home...

June 9, 2025 • Views: 1,697

Got extra cash? Here’s when experts say it’s best to make a lump-sum mortgage payment

Being mortgage free can seem like a distant goal when the outstanding balance is in the hundreds of...

June 5, 2025 • Views: 775

How to grow your reverse mortgage business by partnering with realtors

Bring flexible financing solutions to the table to help realtors close more deals....

May 27, 2025 • 2 Comments • Views: 2,244

Ready to buy a home? What experts say many buyers forget to consider first

A down payment is a big step for homebuyers, but definitely not the only one....

May 26, 2025 • Views: 1,279

More than a last resort: How to position reverse mortgages for today’s retiree

Reverse mortgages have rapidly evolved from a niche product to a mainstream financial tool for...

Mortgage Interviews

Path to financial leadership

Mortgage Interviews • Sponsored post

January 17, 2024 • Views: 438

From tragedy to triumph: Donna MacDonald’s journey to financial leadership

Mortgage broker Donna MacDonald’s journey from tragedy to triumph is a story of resilience and reinvention.

Manulife One advertorial

Mortgage Interviews • Sponsored post

January 3, 2024 • Views: 365

Manulife One’s modern innovation meets Nick L’Ecuyer’s old school charm

There are fewer places left where Canadians can get holistic mortgage and financial advice from a familiar member of the local community. Thanks to mortgage broker Nick L’Ecuyer, Simcoe County is one of them.

Manulife One keeping customers satisfied

Mortgage Interviews • Sponsored post

October 30, 2023 • Views: 302

From hopeless to homeowners: how Lisa Holly is changing lives with tailored mortgage solutions

For Lisa Holly, sales achievements don’t define her success. Helping people in ways that make a difference is what really matters to the London, Ontario-based mortgage broker—especially with clients other brokers couldn’t assist.

Mortgage Interviews

October 26, 2023 • Views: 317

Navigating to the top: women leaders in the mortgage and real estate industries share their stories

In a field traditionally dominated by men, a shift is underway within the offices of Canada’s mortgage and real estate industries. Women are now stepping into the limelight, assuming leadership roles and reshaping industry norms.

sponsored

Brokers partnering with realtors for reverse mortgages

Mortgage Strategies • Sponsored post

June 5, 2025 • Views: 775

How to grow your reverse mortgage business by partnering with realtors

Bring flexible financing solutions to the table to help realtors close more deals.

HomeEquity Advertorial 2025

Mortgage Strategies • Sponsored post

March 4, 2025 • 2 Comments • Views: 1,819

Unlocking Financial Freedom: How Canadians 55+ are re-imagining retirement

Happiness, as psychologists often point out, can be elusive. However, a recent study sponsored by HomeEquity Bank reveals that Canadians aged 55 and better are unlocking the keys to happiness and satisfaction in their own unique way.

Helping retired Canadians with a reverse mortgage

Mortgage Strategies • Sponsored post

November 28, 2024 • Views: 1,455

Helping retired Canadians navigate financial challenges: A solution for brokers

Retirement is often considered a time to relax and enjoy the fruits of decades of hard work. However, for a growing number of Canadians 55 and older, this picture is clouded by financial uncertainty.

Manulife advertorial - Natasha Duric

Mortgage Industry News • Sponsored post

October 10, 2024 • Views: 1,560

Manulife’s Natasha Duric: A 30-year mortgage career built on leadership and innovation

Natasha Duric describes her entry into the mortgage industry as “a fluke.”

Personal Finance

May 21, 2025 • Views: 319

If spiralling debt has you on the brink, a consumer proposal may be the right move

Getting trapped in a perpetual cycle of debt with seemingly no way out is one of the most stressful...

May 2, 2025 • Views: 246

Wild market swings make planning and safe havens important for investors

Stock markets have taken a wild ride in recent weeks as U.S. President Donald Trump's on-again,...

April 29, 2025 • Views: 409

Anxious about the cost of having kids? Don’t get discouraged, experts say

The average cost of raising children is nearing $300,000, according to Statistics Canada — and...

April 23, 2025 • Views: 333

Amid market turbulence, money managers lean on defensive bets

Faced with the extreme market turbulence of the past week, money managers are staying the course...

April 17, 2025 • Views: 626

Have a side hustle? Here’s what you need to know as tax filing deadlines draw near

You could be selling your art on Etsy or delivering late-night orders for Uber Eats. Maybe you...

April 11, 2025 • Views: 315

For young investors looking for bond exposure, it’s best to keep it simple: experts

For young investors who are building the fixed-income portion of their portfolio, it’s best they...

Opinion

April 21, 2025 • Views: 4,249

Opinion: TD’s new tool is a win for brokers—if we choose to see it that way

TD’s real-time pricing gives brokers true parity—but the reaction shows not everyone was ready...

March 16, 2025 • One Comment • Views: 4,449

The $90-million lesson: Why relationships, not tech, drive mortgage success

A lender friend of mine, Shane Lapointe, retired last week and I could not be happier for him....

February 13, 2025 • Views: 2,499

Frustrated with mortgage tech? You’re not alone

For the past few years, mortgage brokers have been presented with a seemingly non-stop barrage of...

February 2, 2025 • Views: 1,978

Opinion: Mortgage loyalty isn’t given, it’s earned

Jill Moellering shares why clients aren’t just chasing the lowest rate—they’re looking for...

January 2, 2025 • Views: 1,264

Balancing business and life: New Year’s resolutions for mortgage brokers

A new year is upon us, and for many in the brokering world that means new goals, new targets and...

December 18, 2024 • 3 Comments • Views: 19,289

Fed minutes spark market turmoil: Making sense of it and why Canadian mortgage rates are likely to rise

I thought it would be really hard to top Monday’s chaotic events in Parliament, but it looks...

Regional News

Ontario

Ontario PC MPP Rob Flack

Regional

May 12, 2025 • One Comment • Views: 444

Ontario to table bill to speed up home building as 1.5M target not on track

Ontario’s housing minister is introducing legislation today intended to speed up the construction of new homes, as he admits the province isn’t currently on track to meet its goal of getting 1.5 million homes built over 10 years.

CN Tower can be seen behind condos in Toronto's Liberty Village

Regional

April 13, 2025 • Views: 473

Toronto condo market unlikely to see jolt as conditions vary elsewhere in Canada

Experts say the Greater Toronto Area condo market is unlikely to awaken from its lull any time soon even as other major Canadian cities see somewhat more promising demand.

Toronto home sales - March 2025

Regional

April 3, 2025 • Views: 1,006

Greater Toronto home sales drop in March amid trade concerns: TRREB

Home sales in the Greater Toronto Area fell 23.1% in March while more supply hit the market, helping bring down prices compared with a year ago.

Quebec

Young Quebec homebuyers

Mortgage Industry News • Regional

June 23, 2025 • Views: 187

Quebec’s next wave of buyers is young, eager—and still facing major hurdles

New survey finds strong buyer appetite, but financial barriers and green priorities shape the road ahead

Les ventes de propriétés dans la région de Montréal

Real Estate • Regional

June 9, 2025 • Views: 187

Montreal home sales, prices rise in May despite steady rates and economic uncertainty

Home sales in the Montreal-area rose again in May compared with the same month a year ago, as the city’s real estate board says both activity and price growth show no signs of tapering off.

skyline of Montreal

Regional

June 3, 2025 • Views: 190

Despite pushback, Montreal forges ahead with strict new short-term rental rules

Montreal is forging ahead with new rules banning many short-term rentals for nine months a year, hoping to alleviate a housing crunch and strike a blow in a lengthy battle against unauthorized listings.

British Columbia

Ruby Liu, chairwoman of Central Walk

Regional

June 18, 2025 • Views: 183

B.C. mall owner offers $6 million for three Hudson’s Bay leases: court documents

The B.C. mall owner hoping to buy dozens of Hudson’s Bay leases has offered $6 million to take over three locations in malls that she owns, describing it as just the beginning of a new department store empire.

The Law Courts building

Regional

June 16, 2025 • Views: 258

Home owned by family of UBC and Vancouver Coastal Health embezzler up for sale

A real estate listing for a $2 million property in North Vancouver says the home has been excellently maintained and is on an attractive street, but what the description doesn’t say is it’s a forced sale involving an embezzler and a years-long legal battle. 

A sign indicating Airbnb rentals are not permitted

Regional

June 16, 2025 • Views: 296

Airbnb says thousands of B.C. reservations at risk, blaming ‘rushed’ rental rules

Short-term vacation rental platform Airbnb said Friday that “thousands” of reservations in British Columbia are at risk of cancellation, accusing the province of rushing out regulations as it cracked down on the industry.

Prairies

Calgary home sales May 2025

Regional

June 3, 2025 • Views: 432

Calgary home sales slide 17% in May, but remain above long-term average

Calgary’s housing market saw another year-over-year decline in sales last month, led by a sharp drop in apartment transactions. But...

Calgary housing stats September 2024

Regional

May 1, 2025 • Views: 1,185

Home sales fall in Calgary, but rising listings ease pressure on prices

After two years of runaway price growth and ultra-tight supply, Calgary’s housing market is finally cooling.

Calgary real estate market statistics

Regional

April 1, 2025 • Views: 2,876

Calgary home sales slide 19% as economic uncertainty grows

Home sales in Calgary dropped nearly 19% last month as economic concerns, including tariff-related uncertainty, weighed on consumer confidence and cooled demand.

Atlantic

Vicky Levack, who lives with cerebral palsy

Regional

June 10, 2025 • Views: 100

N.S. reforms for people with disabilities behind schedule but has momentum: province

The Nova Scotia government says its five-year plan to bring about sweeping reforms in housing and care for people with disabilities is behind schedule but gaining momentum.

New Brunswick auditor general Paul Martin is seen in Fredericton on Thursday, Sept. 7, 2023. THE CANADIAN PRESS/Hina Alam

Regional

June 10, 2025 • Views: 118

New Brunswick not properly maintaining public housing stock, says auditor

New Brunswick’s auditor general says the province’s public housing agency is not properly maintaining its stock of subsidized homes.

Homes are pictured at a suburb in Halifax

Regional

May 16, 2025 • Views: 534

No action against Nova Scotia rent loophole out of fears for housing supply: minister

The minister responsible for Nova Scotia’s rental property rules says her department won’t crack down on instances of abuse involving fixed-term rent leases because it doesn’t want to affect the housing supply.

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