Q3 Lender Earnings: The Unexpected Recovery
The country’s key mortgage lenders recently released their third-quarter earnings, and it’s safe to say results were better-than-expected all around. Equitable Bank had its best-ever […]
Mortgage Blog
Latest in Mortgage News – Industry Announcements
There’s been a number of big mortgage industry announcements in recent weeks, ranging from reverse mortgage offerings to a new broker tech partnership and a […]
Record-low Supply and Interest Rates Fuel Record October Home Prices
The average home price in Canada continued to trend higher in October as housing supply fell to a fresh record low. The Canadian Real Estate […]
Optimism Returns to the Markets. Could Fixed Rates Start to Rise?
Bond yields in both Canada and the U.S. jumped on news that Pfizer’s COVID-19 vaccine has proven more than 90% effective in its trials. Following […]
Latest in Mortgage News: Toronto and Vancouver Home Sales Up 25+% in October
The postponed spring housing market has now extended its run well into the fall, with home sales in Toronto and Vancouver up 25% and 29%, […]
Bank of Canada Signals Low Rates Until 2023, Unveils Changes to QE Program
Mortgage shoppers take note: Cheap money is here to stay, at least for the next two years, the Bank of Canada reaffirmed during its interest […]
The Broker Tech War Just Got Real
There’s suddenly an arms race in the mortgage broker tech space. In the last week, we’ve seen three key developments that could change how brokers […]
Latest in Mortgage News: Dominion Lending Centre Unveils New Deals
Dominion Lending Centres continued its growth trajectory this month with several new announcements. Earlier this month, Founders Advantage—which bought a controlling share of DLC in […]
Incorporate Balance Transfer Offers into Your Arsenal
As mortgage professionals, we are sometimes asked to solve problems slightly outside the scope of our mandate. Naturally, we must take care not to position […]
Home Prices Up 17% in September, But Some Signs of Cooling Emerge
The average home price in Canada surpassed $600,000 for the first time ever in September and home sales jumped nearly 46% compared to a year […]
A Final Conversation with CMHC’s Evan Siddall and MPC’s Paul Taylor
On Tuesday, CMHC President and CEO Evan Siddall joined MPC President and CEO Paul Taylor for what was billed as their final public conversation before […]
Latest in Mortgage News: Toronto and Vancouver Home Sales Surge in September
The fall was supposed to herald in a period of more subdued housing activity and home price growth. But preliminary September data for the Greater […]
Pandemic Has Increased Homebuying Intentions Among Young Canadians
There may be uncertainty on the horizon for the country’s real estate market, but young Canadians are undeterred and remain optimistic about the prospect of […]
National Housing Market Shows Signs of “Moderate” Vulnerability, CMHC Says
At the national level, Canada’s housing market showed “moderate evidence of overvaluation” in the second quarter, according to the Canada Mortgage and Housing Corporation. “The […]
Latest in Mortgage News: CMHC to Get New Name, Maybe “Housing Canada”
What’s in a name? Well, in the case of the Canada Housing and Mortgage Corporation, “mortgage” likely won’t for much longer. The housing agency announced […]
Equifax Rolls Out Changes to its Mortgage Inquiry Process
Equifax Canada has implemented changes to its mortgage inquiry process to enhance the protection of consumer information. The changes, which were first announced to the […]
Housing Market Soars Above Pre-Pandemic Levels. But Will it Last?
The unlikely rebound of Canada’s real estate market continues, with home sales surging to 20% higher than pre-pandemic levels. Home sales in August were up […]
Big Banks Still Dominate Mortgage Market Share, Says CMHC
Big banks originate nearly 7 out of 10 (67%) of new Canadian mortgages, although their market share has fallen slightly from last year, according to […]
Resetting the MPC Foundation within a Resetting Nation
In early 2019, the board of the MPC Foundation began envisioning ways in which the foundation could evolve to make a more meaningful impact on […]
Bank of Canada Reaffirms Its Low-Rate Outlook
Despite a booming housing market and rapid job recuperation, the Bank of Canada warned that the country’s economic recovery will be “heavily reliant on policy […]