mortgage trends Archives - Mortgage Rates & Mortgage Broker News in Canada

Mortgage market braces for impact as one million renewals loom and defaults climb

March 13, 2025 No Comments

Canada’s mortgage market is rebounding, with new originations up 39% year-over-year, according to Equifax’s latest Q4 Consumer Trends report.

Young homeowners lead the way in paying down mortgage debt

Mortgage Digest: Younger homeowners lead the way in paying down mortgage debt

January 25, 2025 No Comments

Younger Canadians are outpacing older demographics in reducing their mortgage debt, new research from Statistic Canada has found.

Variable mortgage rates regaining traction as Bank of Canada cuts rates

September 5, 2024 No Comments

The decision by the Bank of Canada to cut its key interest rate target this week was good news for borrowers with variable-rate mortgages, bringing back some of the shine for the once popular loans.

Bracing for impact: What the current market volatility means for mortgage brokers and borrowers

August 5, 2024 No Comments

It’s amazing what a couple of days can do to the human psyche.

Mortgage arrears have yet to peak, but unlikely to reach long-term norm: BMO

July 29, 2024 No Comments

Despite a gradual rise, Canadian mortgage arrears are expected to remain manageable due to the economic recovery and the mortgage stress test

Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC

May 29, 2024 No Comments

CMHC says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4% year-over-year and representing the slowest growth in 23 years.

Mortgage rates under 5%? They’re coming back as lenders slash fixed rates

December 5, 2023 1 Comment

For the first time since last spring, mortgage shoppers finally have a condition-free sub-5% fixed mortgage rate option.

Fixed mortgage rates continue to rise in Canada

Another week, another rise in fixed mortgage rates. How high could they go?

June 23, 2023 No Comments

Another week and another round of fixed rate hikes have swept Canada’s mortgage market.

New mortgage growth slows as rising interest rates and soft real estate market take effect

June 13, 2023 No Comments

Rising interest rates and a softening real estate market have applied the brakes to new mortgage growth, which fell to its slowest pace since 2018.

TD mortgage growth flat in Q1

March 6, 2023 No Comments

While some of the Big 6 banks have reported continued strong mortgage growth in the first quarter, TD Bank’s mortgage book was basically flat compared to Q4 and up just 4% year-over-year.

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