Mortgage Industry News 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.

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.

Mortgage digest: More Canadians sidelined from homebuying as recession fears rise

May 21, 2025 No Comments

A growing number of Canadians are pressing pause on homebuying plans as economic anxiety deepens, according to BMO’s latest Real Financial Progress Index.

Alternative lending brokers seen as ‘AI-proof,’ experts say

May 15, 2025 No Comments

Brokers specializing in alternative lending may be uniquely positioned to withstand automation thanks to the complex human element at the core of their work.

Bank of Canada warns of potential household strain as mortgage renewals peak and trade war risks linger

May 8, 2025 No Comments

Canada’s financial system may be holding steady, but rising household debt and looming mortgage renewals are emerging as critical risks, the Bank of Canada warns in its 2025 Financial Stability Report.

FSRA clarifies CE requirements for Ontario mortgage agents and brokers

May 7, 2025 No Comments

Ontario mortgage agents and brokers have until March 31, 2026, to complete their current Continuing Education (CE) requirements. The Financial Services Regulatory Authority of Ontario (FSRA) recently clarified what counts toward the required hours—and what doesn’t.