mortgages Archives - Mortgage Rates & Mortgage Broker News in Canada

Breaking a mortgage for better rates can pay off – but beware of the costs

October 4, 2024 No Comments

Interest rates are dropping, but many Canadians are still feeling the hangover of the highest lending costs in a generation.

Public perceptions of banking regulator influenced mortgage decision: OSFI head

October 3, 2024 1 Comment

The recent decision by Canada’s banking regulator to relax a mortgage stress test rule was shaped in part by concerns about public perception of the agency, said Office of the Superintendent of Financial Institutions head Peter Routledge.

OSFI doubles down on keeping stress test for uninsured mortgage switches

June 13, 2024 1 Comment

The head of Canada’s banking regulator stood firm in rejecting renewed calls to remove the mortgage stress test on uninsured mortgage switches.

OSFI says mortgage payment shock poses a key risk to Canada’s financial system

May 22, 2024 No Comments

Canada’s banking regulator says high borrowing costs and a wave of expected renewals pose a key risk to Canada’s financial system.

Mortgage activity down 25% from 2022 and fixed rates remain top choice, stats show

November 23, 2023 No Comments

High interest rates have applied the brakes to Canada’s mortgage market, which saw growth slow to a 22-year low in September.

Private mortgages: what brokers need to know

October 25, 2023 No Comments

While private mortgage providers may offer higher interest rates, they can be an attractive option for homebuyers unable to secure financing through A lenders.

Home appraisals: Buyers bear the cost, but who owns the report?

September 25, 2023 2 Comments

Even though prospective homeowners usually pay for their home appraisal, many remain unaware that they typically won’t receive a copy of it.

Mortgage renewal strategies in today’s high interest rate environment

May 7, 2023 No Comments

The current interest rate climate for mortgage brokers and their clients is dramatically different compared to just a year ago, requiring a whole new strategy when it comes to renewals.

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

February 22, 2023 No Comments

Roughly 2.9 million Canadians were self-employed in 2018, according to Statistics Canada, and many of them are keen to buy a home.

Mortgage originations above pre-pandemic levels

Mortgage Originations Up 45% from Pre-Pandemic Levels: TransUnion

December 21, 2021 No Comments

Mortgages continued to lead all forms of credit growth as of the second quarter, rising over 45% compared to pre-pandemic levels, new data shows.

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