April 2023

The Bank of Canada’s benchmark interest rate is expected to fall back to around 3.00% by the end of 2024, according to a median of responses from market participants.  The Bank of Canada’s benchmark interest rate is expected to fall back to around 3.00% by the end of 2024, according to a median of responses […]

The mortgage stress test has thus far proven effective in protecting the housing sector from a volatile economy, but further changes haven’t been ruled out, says Canada’s banking regulator.  The mortgage stress test has thus far proven effective in protecting the housing sector from a volatile economy, but further changes haven’t been ruled out, says

As the winds of change sweep across the lending landscape, regulatory underwriting guidelines are growing ever tighter. This puts non-bank clients in a precarious position, and mortgage brokers are feeling the pressure.  As the winds of change sweep across the lending landscape, regulatory underwriting guidelines are growing ever tighter. This puts non-bank clients in a

While the Bank of Canada expects inflation to continue to ease this year, it is also concerned about the risk of inflation becoming “stuck materially” above its 2% target.  While the Bank of Canada expects inflation to continue to ease this year, it is also concerned about the risk of inflation becoming “stuck materially” above

After easing over the winter months, rent prices are back on the rise across Canada.  After easing over the winter months, rent prices are back on the rise across Canada.  Mortgage Rates & Mortgage Broker News in Canada 

The country’s inflation rate may be coming down, but there are still some parts of the economy exerting upward pressure, including, ironically, high inflation rates.  The country’s inflation rate may be coming down, but there are still some parts of the economy exerting upward pressure, including, ironically, high inflation rates.  Mortgage Rates & Mortgage Broker News

Canada’s banking regulator says it is considering whether to extend the scope of its mortgage guidelines to include existing mortgages. In its second Annual Risk Outlook released this week, the Office of the Superintendent of Financial Institutions (OSFI) said it will “consider the scope of Guideline B-20, which currently focuses on mortgage origination, and assess

The Bank of Canada is investigating a growing trend of borrowers extending their mortgage amortization periods amid persistently high interest rates and ongoing inflationary pressures.  The Bank of Canada is investigating a growing trend of borrowers extending their mortgage amortization periods amid persistently high interest rates and ongoing inflationary pressures.  Mortgage Rates & Mortgage Broker News

National Bank has become one of the first of the big banks to make the new First Home Savings Account (FHSA) available to its clients.  National Bank has become one of the first of the big banks to make the new First Home Savings Account (FHSA) available to its clients.  Mortgage Rates & Mortgage Broker News

Both existing home sales and average prices were up on a monthly basis in March, while housing inventory got even tighter.  Both existing home sales and average prices were up on a monthly basis in March, while housing inventory got even tighter.  Mortgage Rates & Mortgage Broker News in Canada