Mortgage Blog

It’s pretty easy to track your credit score these days⁠—perhaps through a paid subscription to Equifax Canada or Trans Union Canada, or through free offerings […]

While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed […]

Starting today, the more than 6,000 mortgage brokers who use the Velocity mortgage operating system will gain free access to TransUnion credit reports for the […]

Significant drops in employment in Canada’s major cities will keep downward pressure on housing demand, with sales and home prices not expected to rebound to […]

Adopting a more pessimistic tone than his predecessor, new Bank of Canada Governor Tiff Macklem said the country faces a challenging path to economic recovery, […]

For the second-quarter earnings season, all eyes were on the Big 6 banks’ credit loss provisions and mortgage payment deferral programs. With the onslaught of […]

After the steepest decline on record in April, Canadian home sales posted a 56.9% rebound in May, while the number of new listings surged 69%. […]

Social distancing restrictions in place for the past few months have transformed the way homes are bought and sold, with many showings now taking place […]

Following the announcement of CMHC’s new mortgage rules last week, Canada’s other two mortgage insurers, Genworth Canada and Canada Guaranty, confirmed today they will not […]

Obtaining mortgage insurance for a home purchase is about to become more challenging on July 1, particularly for first-time buyers. The Canada Mortgage and Housing […]

The Bank of Canada shared its optimistic outlook for Canada’s economic recovery on Tuesday. But that doesn’t mean rate hikes should be expected any time […]

Canada’s housing sector indicators, including prices, sales and home starts, aren’t expected to return to pre-COVID levels until at least the end of 2022, according […]

COVID-19 has dramatically changed the course of many industries and threatened the physical, mental and financial wellness of millions of Canadians. In the housing sector, […]

Canada’s economy may prove surprisingly resilient in its recovery following the COVID-19 lockdown, according to Bank of Canada Governor Stephen Poloz. In his final press […]

The head of the Canada Mortgage and Housing Corporation delivered a particularly gloomy forecast while testifying remotely before the House of Commons Finance Committee on […]

Home sales across Canada plunged 57% year-over-year in April to their lowest level since 1984, while the average house price fell back below $500,000, according […]

Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week. Both […]

The first two months of the year started with a bang for two of Canada’s key broker-channel lenders, but the lending environment quickly changed with […]

On the heels of new data showing that home prices tumbled in April across many of Canada’s largest cities, CMHC is forecasting it will take […]

There’s no doubt that Canada’s mortgage and real estate industries will suffer in the short term due to the impacts of the coronavirus pandemic. But […]