February 2023

The CHIP Reverse Mortgage from HomeEquity Bank allows Canadian homeowners age 55+ to access up to 55% of their home’s value and turn it into tax-free cash without having to move or sell.  The CHIP Reverse Mortgage from HomeEquity Bank allows Canadian homeowners age 55+ to access up to 55% of their home’s value and […]

Fixed mortgage rates in Canada surged last week thanks to a fresh run-up in bond yields.  Fixed mortgage rates in Canada surged last week thanks to a fresh run-up in bond yields.  Mortgage Rates & Mortgage Broker News in Canada 

Canadian home prices could fall another 5% to 7% in 2023, according to the latest forecast from Fitch Ratings.  Canadian home prices could fall another 5% to 7% in 2023, according to the latest forecast from Fitch Ratings.  Mortgage Rates & Mortgage Broker News in Canada 

Despite moderately raising the amount of money set aside for bad loans, Equitable Bank says borrowers have so far been resilient in the face of rising interest rates.  Despite moderately raising the amount of money set aside for bad loans, Equitable Bank says borrowers have so far been resilient in the face of rising interest

On the surface, the Consumer Price Index data for January looks like inflation has finally been defeated. But soaring food prices and mortgage interest costs are continuing to take a bite out of household finances.  On the surface, the Consumer Price Index data for January looks like inflation has finally been defeated. But soaring food

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

According to the latest data from the Canadian Real Estate Association, national home sales declined 3% month-over-month in January, their lowest level since 2009.  According to the latest data from the Canadian Real Estate Association, national home sales declined 3% month-over-month in January, their lowest level since 2009.  Mortgage Rates & Mortgage Broker News in Canada 

National Bank economists argued in a recent webcast that all signs point to a soft landing by mid-year, with interest rates remaining in their current position.  National Bank economists argued in a recent webcast that all signs point to a soft landing by mid-year, with interest rates remaining in their current position.  Mortgage Rates & Mortgage

With variable mortgage rates potentially at a peak and fixed rates having recently retreated, borrowers are asking themselves the age old mortgage question: should you go fixed or variable?  With variable mortgage rates potentially at a peak and fixed rates having recently retreated, borrowers are asking themselves the age old mortgage question: should you go

Many mortgage brokers are fielding calls from clients concerned about rising interest rates and an uncertain economic outlook.  Many mortgage brokers are fielding calls from clients concerned about rising interest rates and an uncertain economic outlook.  Mortgage Rates & Mortgage Broker News in Canada