Mortgage Blog

Homeowners fearing sweeping measures that could have over-corrected the housing market likely breathed a sigh of relief on Monday after hearing the details of the […]

The ongoing surge in home prices across the country is discouraging a large number of young non-homeowners, many of whom say they’re giving up on […]

Canada’s average home price rose 31.6%—or $172,361—over the last 12 months, to yet another record-setting high in March. The average national price now stands at […]

Canada’s banking regulator has proposed changes that would strengthen the stress test applied to uninsured mortgages. The Office of the Superintendent of Financial Institutions (OSFI) […]

Canada’s bank regulator has announced it will restart a review of the stress test rate on uninsured mortgages. The Office of the Superintendent of Financial […]

Economists from BMO have added their voices to those calling on policy-makers to take action to prevent a potential housing bubble due to prices going […]

Despite the headwinds of a global pandemic, Canadians’ interest in real estate and the resulting rise in prices took even the most seasoned experts by […]

Watching Canada’s national average home price rise resiliently throughout the pandemic has been reassuring for many over the past year. But as prices continue to […]

The Globe and Mail‘s Editorial Board tread into controversial territory recently by saying Canada’s “bonkers” housing market is making the case for taxing capital gains […]

For the eighth straight month, Canadian home prices set a new record high in February, the Canadian Real Estate Association reported on Monday. The average […]

The Bank of Canada delivered welcome news for variable-rate mortgage holders today when it stood by its expectation of no rate hikes until early 2023. […]

Mortgage credit grew in the fourth quarter of 2020 as Canadian consumers took steps to reduce all other forms of debt, according to new data […]

The Canada Mortgage and Housing Corporation has named its new CEO, capping what has been an extended search to replace outgoing chief Evan Siddall. Romy […]

Fixed rates may be heading higher, but variable-rate holders can rest assured their rates won’t be going up just yet, at least according to Bank […]

Canadian bond yields hit their highest level since April in recent days, and a number of lenders have responded by starting to raise some of […]

It should come as no surprise that home prices continued their upward trajectory in January, setting a new all-time record. The average price reached $621,525, […]

While Canada’s economy recorded its largest-ever annual drop of 5.1% last year, it’s also on track to post a comeback in Q4, which could force […]

The Canadian real estate market defied gravity last year in spite of a global pandemic and nationwide lockdowns. The year ended with the seasonally adjusted […]

A growing chorus of voices suggesting the possibility of a “micro” Bank of Canada rate cut were tempered following a slightly more “hawkish” rate announcement […]

Despite quickly rising home prices and the uncertainty unleashed by the COVID-19 pandemic, a majority (80%) of Canadians still believe home ownership is a good […]