coronavirus Archives - Mortgage Rates & Mortgage Broker News in Canada

mortgage lenders navigating the new normal after COVID-19

How Canada’s Mortgage Lenders Adapted to the ‘New Normal’

December 11, 2020 No Comments

The COVID-19 pandemic and the resulting nationwide lockdown forced the country’s mortgage lenders—like many businesses across the country—to adjust their operations in this unprecedented and brave new world of conducting business.

fixed mortgage rates could start to rise

Optimism Returns to the Markets. Could Fixed Rates Start to Rise?

November 11, 2020 No Comments

Bond yields in both Canada and the U.S. jumped on news that Pfizer’s COVID-19 vaccine has proven more than 90% effective in its trials. Following

Bank of Canada Reaffirms Its Low-Rate Outlook

September 10, 2020 No Comments

Despite a booming housing market and rapid job gains, the Bank of Canada warned that the country’s economic recovery will be “heavily reliant on policy support.”

OSFI regulatory changes to mortgage deferrals

Latest in Mortgage News: OSFI Changes Rules for Mortgage Deferrals

August 31, 2020 No Comments

OSFI, Canada’s banking regulator, announced today it will start phasing out special regulatory capital treatment of deferrals given improving economic conditions. The changes are effective

COVID-19 Stokes Canadian Homebuying Intentions: MPC Report

August 10, 2020 1 Comment

The global pandemic may have brought the Canadian real estate sector to a near-stand still this spring, but over the longer term it appears to have stoked homebuying intentions.

COVID-19 government support programs in canada

How the Government Has Saved the Economy from COVID-19…So Far

July 23, 2020 2 Comments

Despite deep economic pain caused by the global pandemic, the Canadian economy—and the housing sector in particular—appears to be bouncing back from the near-complete shutdown

Canadian Real Estate Defies COVID, Sales up 63% in June

July 15, 2020 1 Comment

National home sales shot up in June, with prices also climbing steadily, June data released by the Canadian Real Estate Association (CREA) today.

Lower Immigration to be a Drag on Housing for Years, Says TD

July 14, 2020 1 Comment

A drop in immigration levels will have “lasting impacts on ownership housing” in Canada for years to come, according to a research report from TD

Latest in Mortgage News: June Data Indicates a Housing Rebound. But Will it Last?

July 10, 2020 No Comments

Home prices, sales and new starts are all rebounding, according to the latest June data. But some, including the Canada Mortgage and Housing Corporation (CMHC),

Canadian Home Sales Rebound 57% from April, But Still Down Sharply vs. 2019

June 16, 2020 No Comments

After the steepest decline on record in April, Canadian home sales posted a 56.9% rebound in May, while the number of new listings surged 69%.

coronavirus