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Odds of a Bank of Canada “Micro” Rate Cut Diminish Following Rate Decision

January 21, 2021 reddeerabmortgage 0

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 […]

Latest in Mortgage News: Despite Challenges, Majority of Canadians Plan to Buy a Home

January 19, 2021 reddeerabmortgage 0

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 […]

December Caps off Blockbuster Year for Canadian Housing

January 15, 2021 reddeerabmortgage 0

Despite a global pandemic that ravaged the Canadian economy early in the year, the housing market came back with a roar and ended the year […]

MIC Trade Show Goes Virtual

January 15, 2021 reddeerabmortgage 0

Despite a nearly 50-year history in Canada, Mortgage Investment Corporations—or MICS—still remain relatively unknown among many brokers and borrowers alike. But for the past several […]

Q4 2020 Bank Earnings – The End of Mortgage Deferrals

January 13, 2021 reddeerabmortgage 0

When 2020 came to an end, so too did the vast majority of mortgage deferral programs offered by the Big 6 banks and other Canadian […]

2020 – Year in Review

January 5, 2021 reddeerabmortgage 0

Now that the page has finally been turned on 2020, we wanted to take a look back at how mortgage rates fared over the course […]

Tight Market Conditions Keep Home Prices at Historic Highs

December 17, 2020 reddeerabmortgage 0

Canada’s average home price remained at a historic high in November as housing inventory remains at historic lows. The average sale price in the month […]

How Canada’s Mortgage Lenders Adapted to the ‘New Normal’

December 11, 2020 reddeerabmortgage 0

The COVID-19 pandemic and the resulting nationwide lockdown forced the country’s mortgage lenders—like many businesses across the country—to adjust their operations in this unprecedented and […]

First-Time Home Buyer Incentive to Become More Useful in Select Markets

December 4, 2020 reddeerabmortgage 0

First-time homebuyers in three of Canada’s most expensive housing markets will soon have an easier time qualifying for the First-Time Home Buyer Incentive (FTHBI). The […]

Q3 Lender Earnings: The Unexpected Recovery

November 30, 2020 reddeerabmortgage 0

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 […]

Latest in Mortgage News – Industry Announcements

November 25, 2020 reddeerabmortgage 0

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

November 17, 2020 reddeerabmortgage 0

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?

November 11, 2020 reddeerabmortgage 0

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

November 5, 2020 reddeerabmortgage 0

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

October 29, 2020 reddeerabmortgage 0

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

October 27, 2020 reddeerabmortgage 0

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

October 23, 2020 reddeerabmortgage 0

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

October 19, 2020 reddeerabmortgage 0

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

October 16, 2020 reddeerabmortgage 0

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

October 8, 2020 reddeerabmortgage 0

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 […]

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