May 2023

How can we fix Canada’s housing supply crisis? This panel of experts has some ideas…

How can we fix Canada’s housing supply crisis? This panel of experts has some ideas…

There’s no doubt that Canada is currently in the midst of a housing supply crunch. The big question is, what can be done by governments to address it?  There’s no doubt that Canada is currently in the midst of a housing supply crunch. The big question is, what can be done by governments to address […]

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Is the CHIP Reverse Mortgage in your lending portfolio? Here’s why it should be

Is the CHIP Reverse Mortgage in your lending portfolio? Here’s why it should be

To continue growing their business, savvy brokers will need to expand their product offerings and offer lending solutions that meet their clients’ changing needs. The CHIP Reverse Mortgage by HomeEquity Bank is a solution that is tailor-made for the shifting economic climate.  To continue growing their business, savvy brokers will need to expand their product

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Changes to Canada’s CMB program could have unintended consequences, experts say

Changes to Canada’s CMB program could have unintended consequences, experts say

As the federal government considers streamlining its process for funding mortgages, some worry that changes to the Canadian Mortgage Bond (CMB) program could have unintended consequences.  As the federal government considers streamlining its process for funding mortgages, some worry that changes to the Canadian Mortgage Bond (CMB) program could have unintended consequences.  Mortgage Rates & Mortgage

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Nearly 40% of homebuyers choosing short-term fixed-rate mortgages: CMHC

Nearly 40% of homebuyers choosing short-term fixed-rate mortgages: CMHC

With an expectation that interest rates will fall in the coming years, nearly one in four new homebuyers and those renewing are choosing fixed-rate mortgages with terms under three years.  With an expectation that interest rates will fall in the coming years, nearly one in four new homebuyers and those renewing are choosing fixed-rate mortgages

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Competition Bureau launches investigation into Dominion Lending Centres

Competition Bureau launches investigation into Dominion Lending Centres

The Competition Bureau confirms that it has launched an investigation into alleged anti-competitive conduct by broker network Dominion Lending Centres Inc. (DLC).  The Competition Bureau confirms that it has launched an investigation into alleged anti-competitive conduct by broker network Dominion Lending Centres Inc. (DLC).  Mortgage Rates & Mortgage Broker News in Canada 

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Mortgage borrowers to see payments increase by 20-40% at renewal: Bank of Canada

Mortgage borrowers to see payments increase by 20-40% at renewal: Bank of Canada

The Bank of Canada says it it concerned about the ability of households to service their debt, particularly as mortgage holders are facing payment increases of up to 40% at renewal.  The Bank of Canada says it it concerned about the ability of households to service their debt, particularly as mortgage holders are facing payment

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