August 2023

Despite Canada’s economy outperforming expectations over the last few quarters, signs are starting to suggest a slowdown is on the horizon, according to a report from Desjardins.  Despite Canada’s economy outperforming expectations over the last few quarters, signs are starting to suggest a slowdown is on the horizon, according to a report from Desjardins.  Mortgage Rates […]

Despite facing mortgage payment increases of roughly 10% to 20%, BMO says the majority of its mortgage clients are having no issues with their renewals.  Despite facing mortgage payment increases of roughly 10% to 20%, BMO says the majority of its mortgage clients are having no issues with their renewals.  Mortgage Rates & Mortgage Broker News

Scotiabank continued to deliberately slow its mortgage lending in the third quarter amid heightened economic risk and as part of its plan to be more selective with onboarding new clients.  Scotiabank continued to deliberately slow its mortgage lending in the third quarter amid heightened economic risk and as part of its plan to be more

While RBC posted stronger-than-expected earnings results, the bank said it expects credit losses to intensify in the coming months as interest rates remain elevated.  While RBC posted stronger-than-expected earnings results, the bank said it expects credit losses to intensify in the coming months as interest rates remain elevated.  Mortgage Rates & Mortgage Broker News in Canada 

Despite a sharp slowdown in mortgage originations this year, TD reported continued strong volume growth of 4% in the second quarter.  Despite a sharp slowdown in mortgage originations this year, TD reported continued strong volume growth of 4% in the second quarter.  Mortgage Rates & Mortgage Broker News in Canada 

BMO’s decision to work with First National as its underwriting partner for its return to the broker channel served as an endorsement of both FN’s services and the channel as a whole.  BMO’s decision to work with First National as its underwriting partner for its return to the broker channel served as an endorsement of

Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon.  Despite interest rates potentially being at or near a peak, borrowers aren’t betting on rate cuts anytime soon.  Mortgage Rates & Mortgage Broker News in Canada 

Despite the shock of sharpy higher rates as their mortgages renew, EQB reports that its clients are continuing to prove resilient.  Despite the shock of sharpy higher rates as their mortgages renew, EQB reports that its clients are continuing to prove resilient.  Mortgage Rates & Mortgage Broker News in Canada 

Despite detached home prices in Toronto and Vancouver posting year-over-year declines in the first half of the year, a longer-term view shows prices are still elevated, and in many cases higher compared to two or three years ago.  Despite detached home prices in Toronto and Vancouver posting year-over-year declines in the first half of the

Over the next few days, the new federal cabinet will gather in P.E.I. for their summer retreat.  Over the next few days, the new federal cabinet will gather in P.E.I. for their summer retreat.  Mortgage Rates & Mortgage Broker News in Canada