CMT Team, Author at Mortgage Rates & Mortgage Broker News in Canada

Equitable Bank announces sudden passing of President and CEO Andrew Moor

June 24, 2025 No Comments

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

Canada sees largest monthly drop in residential construction investment since 2021

June 23, 2025 No Comments

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.

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

June 23, 2025 No Comments

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

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

June 18, 2025 No Comments

Mortgage debt growth accelerated in April as Canadian households added $9.1 billion in new borrowing, even as non-mortgage credit slowed to its weakest pace in months.

Canada sees near-zero population growth as non-permanent resident numbers fall

June 18, 2025 7 Comments

Canada’s population was virtually unchanged in the first quarter of 2025, marking the slowest growth since the early days of the pandemic.

Shelter takes larger share in updated CPI basket weights

June 17, 2025 No Comments

The latest update to the Consumer Price Index (CPI) basket gives even more weight to shelter costs—particularly mortgage interest and rent—underscoring just how much housing expenses are shaping the inflation experience of Canadians.

January 2023 Bank Of Canada Announces Rate Decision

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

June 17, 2025 No Comments

The Bank of Canada saw enough reasons to stay put on interest rates earlier this month, even as economic clouds gathered and pressure for rate cuts grew.

Housing starts held firm in May as strong Prairie and Quebec activity offset B.C. slowdown

June 16, 2025 No Comments

Canada’s housing starts remained elevated in May, with the seasonally adjusted annual pace clocking in at 279,510 units—virtually unchanged from 280,181 in April, according to Canada Mortgage and Housing Corporation (CMHC).

National building permits drop 6.6% in April, led by steep pullback in Vancouver

June 12, 2025 No Comments

Canadian building intentions declined sharply in April, with the total value of permits falling 6.6% to $11.7 billion, led by a steep pullback in multi-family housing plans in British Columbia, according to Statistics Canada.

Most homeowners plan to cut spending as mortgage payments rise: TD survey

June 5, 2025 No Comments

As mortgage renewals approach, many Canadian homeowners are gearing up for a financial adjustment, and in some cases, a lifestyle change as well.

CMT Team