Mortgage Blog

CIBC became the second Big 6 bank to cut its 5-year fixed mortgage rate this week. The bank dropped its rates by 5 basis points, […]

National home prices posted their first monthly increase since February as housing inventory tightened further to “extremely low” levels, the Canadian Real Estate Association reported. […]

Sadly, cancer touches us all in some way, either personally or through colleagues, acquaintances and those we love. Here are some sobering statistics from the […]

From rising inflation and falling consumer confidence to changing real estate preferences, Canada’s mortgage market could be impacted on multiple fronts. Ben Rabidoux, a real […]

Since the start of the pandemic, the Bank of Canada has been buying up billions of dollars worth of bonds each week, which has helped […]

The Bank of Canada delivered a status quo rate decision today, keeping its target rate and bond purchases unchanged. This was expected, in part due […]

Weaker-than-expected economic data may have thrown a splash of cold water on Canada’s current economic recovery, but isn’t likely to figure into the Bank of […]

More than three-quarters of Canadians (77%) believe home prices in suburban and rural areas have risen to unsustainable levels, and most feel that ultra-low interest […]

After reaching overheated territory earlier this year, risks to the country’s housing market are now easing as prices and activity moderate. That’s the assessment from […]

Driven by a strong housing market and low interest rates, mortgages saw record growth across the country in the second quarter. Nationwide, volume was up […]

Canada’s main political parties have been unveiling housing promises over the past couple of weeks, each outlining how they plan to tackle the predominant housing […]

CIBC and TD Bank closed out the third-quarter earnings season for the Big 6 banks with impressive profits, much like their peers that reported earlier […]

Royal Bank exceeded expectations for its third-quarter earnings, driven in large part by strong mortgage growth. Canada’s largest bank grew its mortgage portfolio by $37 […]

Bank of Montreal and Scotiabank kicked off third-quarter earnings for the Big 6 banks this week, with both reporting a sharp rise in profits. That […]

Canada’s inflation rate came in above expectations last week, rising to its highest level in more than a decade. If above-target inflation persists, it could […]

Mortgage debt in Canada soared above $1.7 trillion in June, growing at a monthly pace never before seen, according to Statistics Canada. The new figures […]

Some of the country’s key mortgage lenders benefited from strong housing activity seen over the first half of the year, according to second-quarter earnings. While […]

Real estate activity and home prices across Canada continue to retreat from their March peak, but record-low inventories are keeping many local markets “extremely unbalanced,” […]

Mortgage lenders, brokers and brokerages across the country are developing contingency plans for clients whose closings will be impacted by the new September 30 holiday. […]

Following improvements in 2020, housing affordability worsened in the second quarter of this year by its widest margin in 27 years. The main culprit was […]