October 2023

Recession talk gets louder as economic growth flatlines for second straight month

Recession talk gets louder as economic growth flatlines for second straight month

Canada’s economic growth has flatlined for the second straight month, and has now undershot expectations for the past five months.  Canada’s economic growth has flatlined for the second straight month, and has now undershot expectations for the past five months.  Mortgage Rates & Mortgage Broker News in Canada 

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BoC’s Macklem talks government spending, political interference and (not) interest rate cuts

BoC’s Macklem talks government spending, political interference and (not) interest rate cuts

Bank of Canada Governor Tiff Macklem said on Monday bringing down inflation is “proving more difficult than we thought.” He also conceded that current government spending plans are at odds with the Bank’s objective of slowing inflation. His comments were made while testifying before the House of Commons finance committee. Macklem was grilled for a

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From hopeless to homeowners: how Lisa Holly is changing lives with tailored mortgage solutions

From hopeless to homeowners: how Lisa Holly is changing lives with tailored mortgage solutions

For Lisa Holly, sales achievements don’t define her success. Helping people in ways that make a difference is what really matters to the London, Ontario-based mortgage broker—especially with clients other brokers couldn’t assist.  For Lisa Holly, sales achievements don’t define her success. Helping people in ways that make a difference is what really matters to

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Lender executives share their insights into the latest mortgage trends

Lender executives share their insights into the latest mortgage trends

The lender panel is a perennial fan-favourite at the National Mortgage Conference and this year was no exception. The panel, featuring executives from four key mortgage lenders, covered a number of topics, including emerging trends and issues facing the industry.  The lender panel is a perennial fan-favourite at the National Mortgage Conference and this year

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Navigating to the top: women leaders in the mortgage and real estate industries share their stories

Navigating to the top: women leaders in the mortgage and real estate industries share their stories

In a field traditionally dominated by men, a shift is underway within the offices of Canada’s mortgage and real estate industries. Women are now stepping into the limelight, assuming leadership roles and reshaping industry norms.  In a field traditionally dominated by men, a shift is underway within the offices of Canada’s mortgage and real estate

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Bank of Canada delivers rate hold, but maintains hawkish bias

Bank of Canada delivers rate hold, but maintains hawkish bias

The Bank of Canada delivered its second straight rate hold today, but signalled that it remains concerned about inflationary risks and price pressures.  The Bank of Canada delivered its second straight rate hold today, but signalled that it remains concerned about inflationary risks and price pressures.  Mortgage Rates & Mortgage Broker News in Canada 

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Private mortgages: what brokers need to know

Private mortgages: what brokers need to know

While private mortgage providers may offer higher interest rates, they can be an attractive option for homebuyers unable to secure financing through A lenders.  While private mortgage providers may offer higher interest rates, they can be an attractive option for homebuyers unable to secure financing through A lenders.  Mortgage Rates & Mortgage Broker News in Canada 

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Latest in mortgage news: Equitable Bank unveils 40-year amortization mortgage

Latest in mortgage news: Equitable Bank unveils 40-year amortization mortgage

Equitable Bank has announced that, in partnership with a third-party lender, it is introducing a new 40-year amortization mortgage product.  Equitable Bank has announced that, in partnership with a third-party lender, it is introducing a new 40-year amortization mortgage product.  Mortgage Rates & Mortgage Broker News in Canada 

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OSFI report reveals largely unknown mortgage exemption: no stress test on insured switches

OSFI report reveals largely unknown mortgage exemption: no stress test on insured switches

Many in the mortgage industry reacted with surprise after learning about a little but very important nugget buried in an OSFI report released earlier this week.  Many in the mortgage industry reacted with surprise after learning about a little but very important nugget buried in an OSFI report released earlier this week.  Mortgage Rates & Mortgage

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