March 2024

Canada’s stronger-than-expected GDP growth in January could pose a challenge for the Bank of Canada, potentially complicating the timing for its anticipated interest rate cuts.  Canada’s stronger-than-expected GDP growth in January could pose a challenge for the Bank of Canada, potentially complicating the timing for its anticipated interest rate cuts.  Mortgage Rates & Mortgage Broker News […]

CMHC says construction of new homes in Canada’s six largest cities remained stable at near all-time high levels last year.  CMHC says construction of new homes in Canada’s six largest cities remained stable at near all-time high levels last year.  Mortgage Rates & Mortgage Broker News in Canada 

As part of its $214.5 billion 2024 budget unveiled today, the Government of Ontario rolled out several housing initiatives aimed at increasing supply and facilitating the development of purpose-built rentals.  As part of its $214.5 billion 2024 budget unveiled today, the Government of Ontario rolled out several housing initiatives aimed at increasing supply and facilitating

Median home prices in the country’s recreational housing markets are forecast to rise 5% in 2024 as demand grows for scarce listings.  Median home prices in the country’s recreational housing markets are forecast to rise 5% in 2024 as demand grows for scarce listings.  Mortgage Rates & Mortgage Broker News in Canada 

With just days remaining, FSRA says thousands of Ontario agents and brokers still haven’t completed two education courses required to maintain their existing licences.  With just days remaining, FSRA says thousands of Ontario agents and brokers still haven’t completed two education courses required to maintain their existing licences.  Mortgage Rates & Mortgage Broker News in Canada 

Since its official launch in late January, BMO’s BrokerEdge division has been making waves and slowly growing its presence in Canada’s mortgage broker channel.  Since its official launch in late January, BMO’s BrokerEdge division has been making waves and slowly growing its presence in Canada’s mortgage broker channel.  Mortgage Rates & Mortgage Broker News in Canada 

Despite elevated credit market risks and rising delinquency rates, CIBC’s Ben Tal sees reasons for optimism.  Despite elevated credit market risks and rising delinquency rates, CIBC’s Ben Tal sees reasons for optimism.  Mortgage Rates & Mortgage Broker News in Canada 

While conditions for rate cuts are expected to materialize over the course of the year, the Bank of Canada itself appears divided over when exactly these conditions will be met.  While conditions for rate cuts are expected to materialize over the course of the year, the Bank of Canada itself appears divided over when exactly

Today’s lower-than-expected inflation reading for February has bolstered confidence that the Bank of Canada could initiate its first rate cut in June.  Today’s lower-than-expected inflation reading for February has bolstered confidence that the Bank of Canada could initiate its first rate cut in June.  Mortgage Rates & Mortgage Broker News in Canada 

The Canadian Real Estate Association says February home sales jumped 19.7 per cent compared with a year ago in what could mark the “last relatively uneventful month of the year.”  The Canadian Real Estate Association says February home sales jumped 19.7 per cent compared with a year ago in what could mark the “last relatively