May 2023

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 […]

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

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

The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks. The move follows a more than 70-basis-point surge in the Government of Canada 5-year bond yield, which typically leads fixed mortgage rate pricing. It’s now at a 14-month high of 3.58% as of

When former mortgage broker Chris Bisson identified several pain points in how mortgage appraisals were being done in Canada, he decided to do something about it. The result was Value Connect, an appraisal management company he founded in 2015 with the goal of eliminating those pain points and improving service for all involved in the

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

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 

Consumer insolvencies in Canada have risen to their highest level in three years.  Consumer insolvencies in Canada have risen to their highest level in three years.  Mortgage Rates & Mortgage Broker News in 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

Something unusual is happening across most Canadian housing markets this year. In the past, as the springtime was approaching, new home listings were usually rising more strongly than home sales. This year, the opposite is the case.  Something unusual is happening across most Canadian housing markets this year. In the past, as the springtime was