Mortgage Industry News

The latest happenings from within the mortgage industry. Here you’ll find a wide-ranging selection of stories focused on (but not limited to) the mortgage broker and lender communities 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.

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.

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

June 8, 2025 No Comments

Canada’s consumer debt climbed to a record $2.5 trillion in the first quarter, with Gen Z, newcomers and subprime borrowers driving the surge, according to TransUnion’s latest Credit Industry Insights Report.

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.

Fixed mortgage rates rise as bond yields near 4 percent

Mortgage Digest: Fixed mortgage rates rise as lenders retreat from aggressive pricing

June 2, 2025 No Comments

RBC hiked its fixed mortgage rates for the second time in May last week, but it wasn’t the only one. A growing number of lenders have continued raising pricing in recent weeks, particularly for uninsured terms.

Foreign investors now hold more power over Canada’s debt than ever before

May 28, 2025 No Comments

Prime Minister Mark Carney may be leading a strong minority in Parliament, but there’s another kind of majority he may need to pay closer attention to—one that doesn’t sit in the House of Commons but has a growing influence over Canada’s finances.

Equifax report says 1.4M consumers missed a credit payment in Q1

May 27, 2025 No Comments

There’s a deepening divide between consumers in the face of economic uncertainty as those missing payments rose compared with a year ago, a new Equifax report shows.

More Canadians are relying on gifts and co-signers to buy a home: CMHC

May 23, 2025 1 Comment

More first-time homebuyers are entering the market—and doing so more quickly—but many are increasingly relying on gifts and other forms of financial assistance.

Mortgage digest: More Canadians sidelined from homebuying as recession fears rise

May 21, 2025 No Comments

A growing number of Canadians are pressing pause on homebuying plans as economic anxiety deepens, according to BMO’s latest Real Financial Progress Index.

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