Blog
August 8
Variable-rate mortgages are about to trigger payment increases
Ottawa New ListingsThere has been a lot of discussion recently about how variable-rate mortgage holders could face their “trigger point.” We’re going to explore what that means, and the impli Read More
August 4
Metro home prices continued to fall in July
Ottawa New ListingsHome prices continued their downward decline in most of the country’s major metro areas in July, alongside falling sales. In the Greater Toronto Area, for example, the average Read MoreRate pricing: Canada vs. the U.S.
August 3, 2022 Mortgage News Canada
Ottawa New ListingsSometimes you just don’t know how good or bad you have it.Take the mortgage business, for example. When it comes to mortgage pricing, Canada is a unique animal compared to man
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August 2
Despite slowing volumes, First National expects to remain above pre-pandemic levels
Ottawa New ListingsFirst National Financial saw a second consecutive month of slowing mortgage originations in Q2 as rising interest rates continue to impact the housing market. Single-family resi Read More
July 28
The Latest in Mortgage News: RBC downgrades its housing market forecast
Ottawa New ListingsRBC says it expects the country’s housing correction to “deepen” in the coming months with resale activity and prices falling more than expected. The bank now sees home re Read More
July 26
What Rocket Mortgage’s entry into Canada means for brokers and mortgage shoppers
Ottawa New ListingsHash Aboulhosn, President, Rocket Mortgage (Canada)Earlier this month, Rocket Mortgage U.S.—the American mortgage lender Goliath—announced its plans to enter the Canadian Read More
July 22
Bond yields plunge. What it means for fixed mortgage rates
Ottawa New ListingsBond yields dove over 30 basis points on Friday as economic worries start to replace inflation concerns. Bond yields, which lead fixed mortgage rates, fell to 2.84% on Friday, d Read More
July 20
Is inflation nearing a peak? Some economists think so
Ottawa New ListingsDespite June’s headline CPI inflation reading rising to a near-40-year high, it was less than markets had expected.That could signal that inflation is finally nearing a peak, Read More
July 20
Mortgage insurers clarify qualification rules for VRM applications amid rising rates
Ottawa New ListingsThe Bank of Canada’s historic 100-bps rate hike last week has led to confusion over how the stress test should be applied to variable rate mortgage (VRM) applications already i Read More
July 19
Metro area home sales plunge as prices trend lower
Ottawa New ListingsHome sales in Canada’s major metro areas are well off of last year’s historic numbers, while home prices continue to trend downward. In the Greater Toronto Area, home sales Read More
July 18
Canada unlikely to avoid recession: RBC
Ottawa New ListingsRapidly rising interest rates and other economic headwinds mean it’s becoming increasingly likely Canada will enter into a recession. That’s the prediction from RBC senior e Read More
July 18
Bank of Canada preview: 75-bps rate hike in the cards this week
Ottawa New ListingsMarkets and economists alike overwhelmingly expect the Bank of Canada to lift its policy rate by 75 basis points when it meets this Wednesday.If it does, it would be the BoC’s Read More
July 18
How alternative lenders are adapting to falling home prices
Ottawa New ListingsWith home values on the decline and economic conditions changing, there has been heightened interest in how Canada’s alternative lenders are adapting.Last month, Magenta Capit Read More
July 18
Rocket Mortgage coming to Canada
Ottawa New ListingsThe largest residential mortgage lender in the U.S. is about to enter the Canadian mortgage market.Rocket Mortgage U.S. announced today that it will officially begin doing busin Read More
July 18