October 2024

This week, Canada’s mortgage industry gathered to celebrate the remarkable achievements of this year’s Mortgage Hall of Fame inductees.  This week, Canada’s mortgage industry gathered to celebrate the remarkable achievements of this year’s Mortgage Hall of Fame inductees.  Mortgage Rates & Mortgage Broker News in Canada 

With the benchmark prices for a home in Toronto or Vancouver at over a million dollars, the prospect of saving enough for a down payment to enter the real estate market can be a daunting task for first-time buyers.   With the benchmark prices for a home in Toronto or Vancouver at over a million dollars,

Highlights from this week’s MPC National Conference in Montreal, including key insights from the panel discussions, keynote speakers and concurrent sessions.  Highlights from this week’s MPC National Conference in Montreal, including key insights from the panel discussions, keynote speakers and concurrent sessions.  Mortgage Rates & Mortgage Broker News in Canada 

Ontario is lowering its projections for how many new homes will get built in the province over the next few years, putting the government further off the pace needed to meet its target.  Ontario is lowering its projections for how many new homes will get built in the province over the next few years, putting

Statistics Canada’s latest financial security survey shows a stark disparity between the wealth of homeowners and renters, even as it fails to capture the true scale what’s owned by Canada’s richest families.  Statistics Canada’s latest financial security survey shows a stark disparity between the wealth of homeowners and renters, even as it fails to capture

A new report says that while fewer young Canadians own a home compared with three years ago, a majority of millennials and Gen Z adults still plan to purchase one in the next five years.  A new report says that while fewer young Canadians own a home compared with three years ago, a majority of

A Conservative government would scrap the federal sales tax on new homes sold for less than $1 million and push provinces to do the same, Pierre Poilievre said Monday.  A Conservative government would scrap the federal sales tax on new homes sold for less than $1 million and push provinces to do the same, Pierre

Comparing two federal programs to help Canadians build rental suites: a $40,000 loan or a mortgage refinance option  Comparing two federal programs to help Canadians build rental suites: a $40,000 loan or a mortgage refinance option  Mortgage Rates & Mortgage Broker News in Canada 

Recent mortgage reforms introduced by the federal government, while a step in the right direction, aren’t enough to fully address Canada’s growing housing affordability crisis, according to Lauren van den Berg, CEO of Mortgage Professionals Canada.  Recent mortgage reforms introduced by the federal government, while a step in the right direction, aren’t enough to fully

The federal government is slashing immigration targets as Prime Minister Justin Trudeau admits the government did not get the balance right following the COVID-19 pandemic.  The federal government is slashing immigration targets as Prime Minister Justin Trudeau admits the government did not get the balance right following the COVID-19 pandemic.  Mortgage Rates & Mortgage Broker News