The Canadian Press Archives - Mortgage Rates & Mortgage Broker News in Canada

Equifax report says 1.4M consumers missed a credit payment in Q1

May 27, 2025 No Comments

There’s a deepening divide between consumers in the face of economic uncertainty as those missing payments rose compared with a year ago, a new Equifax report shows.

Ready to buy a home? What experts say many buyers forget to consider first

May 27, 2025 1 Comment

A down payment is a big step for homebuyers, but definitely not the only one.

estate cottages and townhouses under construction

Ottawa has to allow home prices to fall to make housing more affordable, experts say

May 24, 2025 2 Comments

Housing experts are pushing back against a federal cabinet minister’s recent claim that home prices don’t need to go down in order to restore housing affordability.

Véronique Lalonde, partner and licensed insolvency trustee at Montreal-based Raymond Chabot

If spiralling debt has you on the brink, a consumer proposal may be the right move

May 21, 2025 No Comments

Getting trapped in a perpetual cycle of debt with seemingly no way out is one of the most stressful situations life can throw at you. For anyone looking for a way forward, experts say a consumer proposal can break the chain without the need for a bankruptcy filing.

Muskoka chairs sit on a dock looking over Boshkung Lake, in Algonquin Highlands

Tariffs, economic uncertainty chilling cottage housing market, report says

May 19, 2025 1 Comment

The May long weekend marks the unofficial start of cottage season for many Canadians, but a new report says some looking to buy a vacation home of their own are holding back until economic tensions settle.

Homes are pictured at a suburb in Halifax

No action against Nova Scotia rent loophole out of fears for housing supply: minister

May 16, 2025 No Comments

The minister responsible for Nova Scotia’s rental property rules says her department won’t crack down on instances of abuse involving fixed-term rent leases because it doesn’t want to affect the housing supply.

Nova Scotia Public Works Minister Fred Tilley

Nova Scotia gets $170 million over 10 years after signing housing infrastructure deal

May 16, 2025 No Comments

Nova Scotia’s public works minister says the province is getting $170 million from the federal government to assist with housing infrastructure, after a deal was signed last winter.

A sold home is pictured in Vancouver, B.C.

Home sales down almost 10% annually last month: Canadian Real Estate Association

May 15, 2025 No Comments

The Canadian Real Estate Association says home sales in April fell 9.8% compared with the same month last year, as the national housing market has returned “to the quiet markets we’ve experienced since 2022.”

Gregor Robertson, minister of housing and infrastructure and minister

New housing minister says he’ll ‘leverage’ past as Vancouver mayor in role

May 14, 2025 No Comments

Canada’s new housing minister says he didn’t have the tools he needed to address housing affordability issues when he was mayor of Vancouver — the country’s most expensive housing market.

Carney touts housing credentials of Vancouver ex-mayor Robertson as he joins cabinet

May 13, 2025 No Comments

Prime Minister Mark Carney says Gregor Robertson brings “the type of experience” needed to help tackle Canada’s housing crisis after a decade as the mayor of Vancouver – a period that coincided with sharp increases in the city’s home prices.

The Canadian Press