latest mortgage news Archives - Page 2 of 5 - Mortgage Rates & Mortgage Broker News in Canada

Latest in Mortgage News: OSFI leaves stress test rate unchanged

December 13, 2023 No Comments

Canada’s banking regulator confirmed today it will leave the mortgage stress test for uninsured mortgages unchanged.

Parents helping kids with mortgage down payments

Latest in mortgage news: Adult children of homeowners twice as likely to own a home

November 27, 2023 No Comments

A key factor in determining whether an individual is likely to become a homeowner is whether or not their parents were property owners, a new study shows.

Latest in mortgage news: bond yields plunge as U.S. inflation eases

November 14, 2023 No Comments

Canadian bond yields took another step down today following the release of lower-than-expected inflation data south of the border.

Latest in mortgage news: Equitable Bank unveils 40-year amortization mortgage

October 23, 2023 No Comments

Equitable Bank has announced that, in partnership with a third-party lender, it is introducing a new 40-year amortization mortgage product.

Latest in Mortgage News: Are fixed mortgage rates about to take another leg higher?

August 3, 2023 No Comments

There’s speculation that fixed mortgage rates, which have continued to trend higher over the past several weeks, are set to rise even further.

The latest in mortgage news: record population growth to keep upward pressure on home prices

July 20, 2023 No Comments

Canada’s expected population growth will worsen the already limited housing supply and result in even higher home prices, according to a new report

The latest in mortgage news: Fixed rates continued to climb this week

June 30, 2023 No Comments

While the pace of fixed-rate increases has slowed, lenders continued to bump mortgage rates higher this week, including three of the big banks.

Popularity of variable-rate mortgages plummets to pre-pandemic levels

June 20, 2023 No Comments

The popularity of variable-rate mortgages is continuing to fall and is now nearly at levels last seen prior to the pandemic in early 2020.

BMO & CIBC hike fixed rates, and more lenders could join them as bond yields rise

June 7, 2023 No Comments

Numerous lenders continued to raise fixed mortgage rates this week, including several big banks, and more hikes could be on the way as short-term bond yields hit a 15-year high.

Latest in mortgage news: consumer insolvencies at highest level since 2019

May 22, 2023 No Comments

Consumer insolvencies in Canada have risen to their highest level in three years.

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