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The Latest in Mortgage News: CMHC sees chance of a recession if BoC policy rate hits 3.5%

July 12, 2022 No Comments

As the Bank of Canada continues to hike interest rates, the country’s housing agency sees the chance of a recession growing the higher rates go.

Seniors wanting to age at home in Canada

Canadians want to age in place and are turning to reverse mortgages to make that happen

May 26, 2022 No Comments

More than 9 out of 10 Canadians want to be able to live out their retirement years in the comfort of their home, and reverse mortgages are increasingly being used to make that a reality.

The latest in mortgage news: BoC rate hike expectations grow

May 11, 2022 2 Comments

The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year.

The Latest in Mortgage News: Borrowers Growing Worried Over Rate Hikes

April 20, 2022 No Comments

Rising interest rates are starting to weigh down Canadians’ confidence in their finances, according to the latest results of the MNP Consumer Debt Index.

The Latest in Mortgage News: Ontario Teachers’ Pension Plan to Buy HomeEquity Bank

September 23, 2021 No Comments

The Ontario Teachers’ Pension Plan Board has taken a major investment stake in Canada’s rapidly growing reverse mortgage market with its acquisition of HomeEquity Bank.

Meet Bloom, Canada’s Newest Reverse Mortgage Provider

September 22, 2021 5 Comments

There’s a new reverse mortgage provider in town. Bloom Finance Company rolled out its reverse mortgage product for Ontario homeowners this week.

More Seniors to Rely on Home Equity as Part of Retirement Planning

June 1, 2021 No Comments

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

Latest in Mortgage News – Industry Announcements

November 25, 2020 No Comments

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

Latest in Mortgage News: Meridian Credit Union Raises $125 Million

February 26, 2020 No Comments

Ontario’s largest credit union has confirmed the closing of $125 million in debt financing from the Caisse de dépôt et placement du Québec (CDPQ). The

Latest in Mortgage News: Industry Announcements

January 17, 2020 No Comments

Equitable Bank Improves Reverse Mortgage Process Reverse mortgage clients of Equitable Bank can expect a quicker and less expensive closing process, according the the bank.

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