November 2024

OSFI’s stress test change sparks industry confusion

Canada’s banking regulator threw the mortgage industry a curve ball last week when a representative suggested there were some restrictions to a recent policy change most brokers weren’t aware of.  Canada’s banking regulator threw the mortgage industry a curve ball last week when a representative suggested there were some restrictions to a recent policy change […]

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Helping retired Canadians navigate financial challenges: A solution for brokers

Retirement is often considered a time to relax and enjoy the fruits of decades of hard work. However, for a growing number of Canadians 55 and older, this picture is clouded by financial uncertainty.  Retirement is often considered a time to relax and enjoy the fruits of decades of hard work. However, for a growing

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Quebec’s legal battle with title insurers leaves brokers and homeowners in limbo ahead of mortgage renewal wave

Quebec-based mortgage brokers and homeowners are caught in limbo due to an ongoing legal battle that is unlikely to be resolved before the renewal tsunami hits.  Quebec-based mortgage brokers and homeowners are caught in limbo due to an ongoing legal battle that is unlikely to be resolved before the renewal tsunami hits.  Mortgage Rates & Mortgage

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N.S. Tories seek ‘fresh’ mandate in Tuesday’s election to negotiate with Ottawa

Progressive Conservative Leader Tim Houston says if he’s given a second mandate in Tuesday’s election, it will strengthen his position to fight Ottawa on key issues impacting the province, including carbon pricing.  Progressive Conservative Leader Tim Houston says if he’s given a second mandate in Tuesday’s election, it will strengthen his position to fight Ottawa

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Why one analyst thinks the Bank of Canada will be forced to cut its policy rate to 1.75%

The Bank of Canada may be forced to continue lowering its policy rate more than markets are currently anticipating, with this easing cycle stretching into the second half of 2025.  The Bank of Canada may be forced to continue lowering its policy rate more than markets are currently anticipating, with this easing cycle stretching into

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New platform supports mortgage brokers with mentorship and mental health strategies

New platform aims to bridge the gap for new mortgage brokers with mentorship, business guidance, and mental health strategies  New platform aims to bridge the gap for new mortgage brokers with mentorship, business guidance, and mental health strategies  Mortgage Rates & Mortgage Broker News in Canada 

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Retail sales in Canada see modest gains in Q3, but too soon to celebrate, economists say

Retail sales in Canada increased 0.4% to $66.9 billion in September, contributing to a 0.9% growth for the third quarter, Statistics Canada reported.  Retail sales in Canada increased 0.4% to $66.9 billion in September, contributing to a 0.9% growth for the third quarter, Statistics Canada reported.  Mortgage Rates & Mortgage Broker News in Canada 

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Retiring? Here’s how to switch from saving for your golden years to spending

The last paycheque from a decades-long career arrives next Friday and the nest egg you built during those working years will now turn into a main source of income. It can be a jarring switch from saving for retirement to spending in retirement.  The last paycheque from a decades-long career arrives next Friday and the

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Experts predict Canadian mortgage rates will rise following this week’s surge in bond yields

In just two months, Canadian bond yields have surged by over 61 basis points (0.61 percentage points), with a jump of roughly 17 bps in the past week.  In just two months, Canadian bond yields have surged by over 61 basis points (0.61 percentage points), with a jump of roughly 17 bps in the past

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