January 2024

Bank of Canada’s rate-cut timing uncertain as economic growth beats expectations

Bank of Canada’s rate-cut timing uncertain as economic growth beats expectations

Canada’s economy outperformed growth expectations to end the year, which means the Bank of Canada could feel less pressure to start cutting rates in the near term, economists say.  Canada’s economy outperformed growth expectations to end the year, which means the Bank of Canada could feel less pressure to start cutting rates in the near […]

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Rent prices rose in 2023 as Canada saw lowest vacancy rate since 1988: CMHC

Rent prices rose in 2023 as Canada saw lowest vacancy rate since 1988: CMHC

The Canada Mortgage and Housing Corp. says rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since it began tracking that data in 1988.  The Canada Mortgage and Housing Corp. says rent prices in Canada soared last year as supply

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Financial freedom for Canadians 55+: HomeEquity Bank boosts CHIP Reverse Mortgage support for the broker channel

Financial freedom for Canadians 55+: HomeEquity Bank boosts CHIP Reverse Mortgage support for the broker channel

HomeEquity Bank is steadfastly committed to providing older Canadians with the means to enjoy their retirement years with greater confidence by enhancing our efforts to collaborate with the mortgage broker channel.  HomeEquity Bank is steadfastly committed to providing older Canadians with the means to enjoy their retirement years with greater confidence by enhancing our efforts

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Canada’s housing market to stabilize, but don’t expect return to “rollicking” price gains, BMO says

Canada’s housing market to stabilize, but don’t expect return to “rollicking” price gains, BMO says

While stability is expected to return to the country’s housing market this year as interest rates ease, homeowners shouldn’t expect a return to the “rollicking” price gains of previous years.  While stability is expected to return to the country’s housing market this year as interest rates ease, homeowners shouldn’t expect a return to the “rollicking”

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Latest in mortgage news: nesto gains access to broker channel in exclusive deal with M3 Group

Latest in mortgage news: nesto gains access to broker channel in exclusive deal with M3 Group

Digital mortgage lender nesto this week announced an agreement with M3 Group that will allow it to start distributing mortgages through the broker channel.  Digital mortgage lender nesto this week announced an agreement with M3 Group that will allow it to start distributing mortgages through the broker channel.  Mortgage Rates & Mortgage Broker News in Canada 

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Under-35 households lead the way in reducing mortgage debt, StatCan reports

Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022.  Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022.  Mortgage Rates & Mortgage Broker News in Canada 

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Bank of Canada sends dovish signals, keeping mid-year rate cut forecasts in play

As was widely anticipated by markets, the Bank of Canada today held its overnight target rate at 5.00%, where it’s been since July.  As was widely anticipated by markets, the Bank of Canada today held its overnight target rate at 5.00%, where it’s been since July.  Mortgage Rates & Mortgage Broker News in Canada 

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How new mortgage brokers are overcoming the challenges of today’s high-rate environment

It’s no secret that the current high-rate environment has been challenging for mortgage borrowers and mortgage professionals alike.  It’s no secret that the current high-rate environment has been challenging for mortgage borrowers and mortgage professionals alike.  Mortgage Rates & Mortgage Broker News in Canada 

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