renewals Archives - Mortgage Rates & Mortgage Broker News in Canada

More Canadians are relying on gifts and co-signers to buy a home: CMHC

May 23, 2025 No Comments

More first-time homebuyers are entering the market—and doing so more quickly—but many are increasingly relying on gifts and other forms of financial assistance.

RBC says it’s ready for competitive spring mortgage market and upcoming renewal wave

March 1, 2025 No Comments

As the spring mortgage market approaches, Canada’s largest bank says it’s getting ready for a busy season of mortgage renewals.

Canada in a ‘per-capita’ recession, but recovery near: CIBC’s Tal

February 19, 2025 No Comments

The bad news is Canada is in a recession and facing a period of unprecedented uncertainty. The good news is that the pain will be short lived, and the country is positioned to emerge in a strong position.

60% of Canadian mortgage renewals to face higher rates by 2026: BoC

January 13, 2025 No Comments

Despite interest rates having fallen materially in 2024, recent data show that many Canadian homeowners could still face payment shocks when their mortgages renew.

Bank CEOs see mortgage risk easing as attention turns to political uncertainty

January 7, 2025 No Comments

The heads of Canada’s biggest banks are finally seeing risks around mortgage renewals easing, only for worries about tariffs and political uncertainty to take their place.

2024 mortgage market: A year in review

December 31, 2024 No Comments

The past year marked a turning point for Canada’s housing and mortgage market, with rate hikes giving way to rate cuts, alongside numerous regulatory changes and new government program announcements.

Seven in 10 mortgage holders anxious about upcoming renewal, MPC survey reveals

December 20, 2024 No Comments

However, MPC’s latest consumer survey also revealed improving consumer sentiment, with more Canadians believing that now is a good time to buy a home.

Mortgage arrears forecast to rise in Toronto and Vancouver

Toronto and Vancouver mortgage arrears set to hit highest levels in 10 years, CMHC warns

November 14, 2024 1 Comment

Mortgage arrears in Toronto and Vancouver are on track to rise to levels not seen in over a decade, according to a new forecast from Canada’s housing agency.

Canada’s job market poses a bigger risk than mortgage renewals: RBC

October 17, 2024 2 Comments

With mortgage renewal fears easing, RBC warns that a weakening job market could be the bigger threat to Canada’s economy

Challenges and opportunities for brokers

Challenges and opportunities for mortgage brokers in the current rate cycle

September 11, 2024 No Comments

The current rate environment presents new hurdles for mortgage brokers while also opening up potential growth opportunities for those able to adapt.

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