Mortgage Blog

The national average home price re-accelerated in September, returning to a level last seen in May, while housing supply continued to trend down. The average […]

A growing number of lenders have been raising interest rates over the past week in response to rising bond yields, including RBC, BMO and National […]

Despite historically low interest rates, housing affordability deteriorated in most of the major markets across Canada in the second quarter, according to a new report […]

Following a summer slowdown in home sales, activity started to pick up again in the country’s largest cities as the typically busier fall homebuying season […]

After well over a decade in the market, TD is finally bringing its popular marquee product to brokers: the TD Home Equity FlexLine HELOC. Mortgage […]

TD Bank and CIBC were the first of the Big 6 banks to reverse their recent mortgage rate cuts last week. Exactly two weeks after […]

Despite higher home prices and larger mortgages, monthly housing costs are currently lower for homeowners—on average—compared to renters. In fact, in the second quarter of […]

High home prices and buyer expectations of continued price growth have put the country’s housing market at increased risk of a correction, Canada’s housing agency […]

Some of Canada’s Big 6 banks made headlines last week by lowering fixed mortgage rates, but might they soon have to pull a U-turn? Bond […]

The Ontario Teachers’ Pension Plan Board has taken a major investment stake in Canada’s rapidly growing reverse mortgage market with its acquisition of HomeEquity Bank. […]

There’s a new reverse mortgage provider in town. Bloom Finance Company rolled out its reverse mortgage product for Ontario homeowners aged 55+ this week, with […]

Strive is live — and it’s Canada’s latest prime lender in the mortgage broker market. Now, let me be the first to say what many […]

CIBC became the second Big 6 bank to cut its 5-year fixed mortgage rate this week. The bank dropped its rates by 5 basis points, […]

National home prices posted their first monthly increase since February as housing inventory tightened further to “extremely low” levels, the Canadian Real Estate Association reported. […]

Sadly, cancer touches us all in some way, either personally or through colleagues, acquaintances and those we love. Here are some sobering statistics from the […]

From rising inflation and falling consumer confidence to changing real estate preferences, Canada’s mortgage market could be impacted on multiple fronts. Ben Rabidoux, a real […]

Since the start of the pandemic, the Bank of Canada has been buying up billions of dollars worth of bonds each week, which has helped […]

The Bank of Canada delivered a status quo rate decision today, keeping its target rate and bond purchases unchanged. This was expected, in part due […]

Weaker-than-expected economic data may have thrown a splash of cold water on Canada’s current economic recovery, but isn’t likely to figure into the Bank of […]

More than three-quarters of Canadians (77%) believe home prices in suburban and rural areas have risen to unsustainable levels, and most feel that ultra-low interest […]