January 2023

While rates have been steadily climbing for variable mortgages, fixed mortgage rates have been moving in the opposite direction.  While rates have been steadily climbing for variable mortgages, fixed mortgage rates have been moving in the opposite direction.  Mortgage Rates & Mortgage Broker News in Canada 

High rates haven’t stopped Canadians from tapping their home equity by way of reverse mortgages.  High rates haven’t stopped Canadians from tapping their home equity by way of reverse mortgages.  Mortgage Rates & Mortgage Broker News in Canada 

Rising interest rates are partially to blame for a slowdown in Canadians transitioning from renting to homeownership, Canada’s housing agency reported.  Rising interest rates are partially to blame for a slowdown in Canadians transitioning from renting to homeownership, Canada’s housing agency reported.  Mortgage Rates & Mortgage Broker News in Canada 

Today marked the eighth consecutive rate hike by the Bank of Canada, and the first of 2023. If market expectations are correct, it could also be its last of this rate-hike cycle.  Today marked the eighth consecutive rate hike by the Bank of Canada, and the first of 2023. If market expectations are correct, it

Canada’s national arrears rate ticked up from its all-time low in October, according to data from the Canadian Bankers Association.  Canada’s national arrears rate ticked up from its all-time low in October, according to data from the Canadian Bankers Association.  Mortgage Rates & Mortgage Broker News in Canada 

The Bank of Canada will deliver its first rate announcement of the year this week, where markets and economists overwhelmingly expect a 25-bps rate hike.  The Bank of Canada will deliver its first rate announcement of the year this week, where markets and economists overwhelmingly expect a 25-bps rate hike.  Mortgage Rates & Mortgage Broker News

Mortgage professionals may be feeling angst these days with origination volumes well down from last year’s highs. But it’s in times like these that the value prospect of a broker is at its highest.  Mortgage professionals may be feeling angst these days with origination volumes well down from last year’s highs. But it’s in times

Housing activity picked up across the country in December after plummeting for much of 2022 due to climbing interest rates.  Housing activity picked up across the country in December after plummeting for much of 2022 due to climbing interest rates.  Mortgage Rates & Mortgage Broker News in Canada 

Canada’s inflation rate continued to ease in December, despite upward pressure from rising rents and mortgage interest costs. The Consumer Price Index eased to an annual growth rate of 6.3% last month, thanks largely to a decline in gas prices. That’s down from 6.8% in November and what now appears to be the peak of

Some in the industry are openly questioning the timing behind OSFI’s proposed underwriting changes.  Some in the industry are openly questioning the timing behind OSFI’s proposed underwriting changes.  Mortgage Rates & Mortgage Broker News in Canada