Mortgage Blog

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 […]

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 […]

The Canada Mortgage and Housing Corporation (CMHC) has reportedly lost its title as Canada’s largest provider of mortgage default insurance. The national housing agency’s total […]

As brokers, most of us don’t want lenders competing against us. Or should I say, another lender competing against us. That’s why news of Equitable […]

Long-awaited tweaks to the government’s First-Time Home Buyer Incentive came into effect on Monday. Nearly five months after the changes were first proposed, the Department […]

TD Bank is forecasting that home prices have further to rise yet before finally starting to lose steam by the end of the year. “…with […]

Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. But the truth is a buyer […]

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 […]