The Bank of Canada says larger and more frequent price increases by businesses have contributed to keeping inflation higher than the Bank would like. The Bank of Canada says larger and more frequent price increases by businesses have contributed to keeping inflation higher than the Bank would like. Mortgage Rates & Mortgage Broker News in Canada
Despite a rise in average home prices earlier in the year, strong income gains were enough to improve affordability in the second quarter, albeit only slightly. Despite a rise in average home prices earlier in the year, strong income gains were enough to improve affordability in the second quarter, albeit only slightly. Mortgage Rates & Mortgage …
Despite minor improvement, housing affordability remains near all-time worst level: RBC Read More »
National Bank reports that its mortgage clients have been resilient in the face of sharply higher interest rates, thanks in part to high levels of liquidity. National Bank reports that its mortgage clients have been resilient in the face of sharply higher interest rates, thanks in part to high levels of liquidity. Mortgage Rates & Mortgage …
Canada’s economic activity in July was unchanged from the previous month, marking the second straight month of weak GDP results. Canada’s economic activity in July was unchanged from the previous month, marking the second straight month of weak GDP results. Mortgage Rates & Mortgage Broker News in Canada
Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise. Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise. Mortgage Rates …
Latest in mortgage news: Mortgage rates keep surging higher Read More »
A full 90% of young people between the ages of 18 and 29 favour text messaging as their primary mode of communication. So, what does this mean for mortgage professionals and how they choose to communicate with their client base? A full 90% of young people between the ages of 18 and 29 favour text …
How mortgage brokers can capitalize on the popularity of text messaging Read More »
BMO Economics released its updated rate forecast today, reducing the amount of monetary policy easing it expects from the Bank of Canada in 2024. BMO Economics released its updated rate forecast today, reducing the amount of monetary policy easing it expects from the Bank of Canada in 2024. Mortgage Rates & Mortgage Broker News in Canada
As Canada’s housing market continues to grow, self-employed homebuyers have emerged as a segment that simply cannot be ignored. As Canada’s housing market continues to grow, self-employed homebuyers have emerged as a segment that simply cannot be ignored. Mortgage Rates & Mortgage Broker News in Canada
Rent prices continued to rise in August with the national average asking price reaching a new record high of $2,117, up nearly 10% from last year. Rent prices continued to rise in August with the national average asking price reaching a new record high of $2,117, up nearly 10% from last year. Mortgage Rates & Mortgage …
Average rent prices rose 10% to a new record high in August Read More »
Even though prospective homeowners usually pay for their home appraisal, many remain unaware that they typically won’t receive a copy of it. Even though prospective homeowners usually pay for their home appraisal, many remain unaware that they typically won’t receive a copy of it. Mortgage Rates & Mortgage Broker News in Canada