Steven Brennan, Author at Mortgage Rates & Mortgage Broker News in Canada

Oxford warns of Canadian recession, says immigration slowdown and tariffs to blame

May 16, 2025 1 Comment

Oxford Economics now sees a Canadian recession as all but certain, citing a mix of global trade shocks, waning business investment and a slowdown in immigration.

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.

Housing affordability challenges raising risk of mortgage fraud

Mortgage fraud falling overall, but rising among first-time buyers

March 31, 2025 No Comments

Mortgage fraud is trending lower in Canada after peaking last year, but new data from Equifax shows first-time buyers are increasingly behind the remaining risk.

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.

Steven Brennan