February 2023

Home prices to decline another 5-7% this year, but remain above pre-pandemic levels due to demand: Fitch

Home prices to decline another 5-7% this year, but remain above pre-pandemic levels due to demand: Fitch

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 

Home prices to decline another 5-7% this year, but remain above pre-pandemic levels due to demand: Fitch Read More »

Equitable Bank raises loan loss provisions, but says borrowers remain resilient

Equitable Bank raises loan loss provisions, but says borrowers remain resilient

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

Equitable Bank raises loan loss provisions, but says borrowers remain resilient Read More »

A dive into the latest inflation results…too soon to celebrate?

A dive into the latest inflation results…too soon to celebrate?

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

A dive into the latest inflation results…too soon to celebrate? Read More »

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

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

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 

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

Canadian home sales January totals at lowest since 2009: CREA

Canadian home sales January totals at lowest since 2009: CREA

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 

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National Bank is cautiously optimistic that interest rates will hold steady — and eventually drop — in 2023.

National Bank is cautiously optimistic that interest rates will hold steady — and eventually drop — in 2023.

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

National Bank is cautiously optimistic that interest rates will hold steady — and eventually drop — in 2023. Read More »

The big question on mortgage borrowers’ minds: fixed or variable?

The big question on mortgage borrowers’ minds: 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 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

The big question on mortgage borrowers’ minds: fixed or variable? Read More »