September 2024

British Columbia NDP Leader David Eby says his government would fast-track factory-built homes as part of its strategy to ease the province’s housing crisis.  British Columbia NDP Leader David Eby says his government would fast-track factory-built homes as part of its strategy to ease the province’s housing crisis.  Mortgage Rates & Mortgage Broker News in Canada 

The Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities rose 4% year-over-year during the first half of 2024, but housing starts were still not enough to meet growing demand.  The Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities rose 4% year-over-year

Deloitte Canada expects economic growth to pick up next year as it forecasts the Bank of Canada to cut its key interest rate below three per cent by mid-2025.  Deloitte Canada expects economic growth to pick up next year as it forecasts the Bank of Canada to cut its key interest rate below three per

OSFI has confirmed that it will remove the requirement for lenders to apply the Minimum Qualifying Rate (MQR) to straight switches of uninsured mortgages.  OSFI has confirmed that it will remove the requirement for lenders to apply the Minimum Qualifying Rate (MQR) to straight switches of uninsured mortgages.  Mortgage Rates & Mortgage Broker News in Canada 

Bank of Canada Governor Tiff Macklem signalled that more interest rate cuts are likely as inflation continues to ease.  Bank of Canada Governor Tiff Macklem signalled that more interest rate cuts are likely as inflation continues to ease.  Mortgage Rates & Mortgage Broker News in Canada 

As a follow-up to last week’s announcement, the federal government has unveiled a more detailed framework for its updated mortgage rules, which are set to take effect on December 15, 2024.  As a follow-up to last week’s announcement, the federal government has unveiled a more detailed framework for its updated mortgage rules, which are set

In today’s competitive market, mortgage brokers are continuously seeking ways to diversify and grow their client base.  In today’s competitive market, mortgage brokers are continuously seeking ways to diversify and grow their client base.  Mortgage Rates & Mortgage Broker News in Canada 

A new report says a boost in spending on home renovations during the pandemic has helped contribute to higher prices for single-family homes despite downward market pressure.   A new report says a boost in spending on home renovations during the pandemic has helped contribute to higher prices for single-family homes despite downward market pressure.   Mortgage Rates

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.  A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.  Mortgage Rates & Mortgage Broker News in Canada 

A fierce rate-cutting battle is underway, with experts now calling it a full-blown mortgage rate war.  A fierce rate-cutting battle is underway, with experts now calling it a full-blown mortgage rate war.  Mortgage Rates & Mortgage Broker News in Canada