Mortgage Blog

Soaring home prices over the past year have forced a majority of today’s homebuyers to use the maximum mortgage amounts they’ve been approved for. More […]

Canada’s hot housing market was behind a 41.2% annual increase in new mortgages as of the first quarter, Equifax Canada reported. The average mortgage amount […]

Home prices are down for the third consecutive month since reaching a peaking in March, according to the Canadian Real Estate Association. While the average […]

The Bank of Canada revised up its inflation forecast for both 2021 and 2022, but still insists above-target inflation will be “transitory.” The central bank […]

Canada is about to have a new #1 non-bank lender. MCAP announced today that it’s buying Paradigm Quest (PQ), giving it PQ’s in-house brands, Merix […]

The federal government’s First-Time Home Buyers Incentive (FTHBI) was meant to offer a path to homeownership for those unable to tap the ‘Bank of Mom […]

Home prices may be astronomical in certain parts of the country, but historically low mortgage rates are allowing borrowers to pay off their mortgages faster […]

The Big 6 banks saw profits soar in the second quarter thanks to strong mortgage growth and massive loan-loss provision reductions. Three of the banks […]

Home sales and prices continued to moderate in May, easing from March’s peak. But with ongoing tight supply and high demand, prices are expected to […]

Ontario mortgage brokers at M3 Group will soon have a new edge: the right to sell another Big 6 bank’s mortgage products. M3 and National […]

The Bank of Canada’s Wednesday rate announcement was “steady as she goes,” as it maintained its Quantitative Easing program and reiterated that rates should stay […]

M3 Group announced last week that it had completed the acquisition of Fintech company Pinch Financial. The Toronto-based company made waves in the mortgage space […]

The seemingly endless run-up in home prices seems to have reached a peak, at least for now. May home sales data from some of the […]

Almost 8 in 10 Canadians over the age of 55 believe they can’t rely on registered savings and pension plans alone to support a comfortable […]

Two of the country’s largest broker networks overcame the challenges of a pandemic in 2020 and posted record volumes for the year. M3 Group, which […]

Proving the source of your clients’ down payments can sometimes be the most time-consuming part of arranging a mortgage. Even when handled well, the process […]

Starting June 1, both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage. The Office of […]

Some of the country’s key mortgage lenders unveiled their first-quarter results, which were positive across the board. The lenders were able to take advantage of […]

After months of record-setting gains, home sales and prices took a breather in April compared to March’s results. Annual gains, meanwhile, were skewed due to […]

Home prices are expected to finally level off from the “unsustainable” increases that have been seen over the past year, says the Canada Mortgage and […]