mortgages in canada Archives - Mortgage Rates & Mortgage Broker News in Canada

majority of those mortgage holders expect to pay more in their monthly borrowing costs

Homeowners expect monthly mortgage payments to rise upon renewal in 2025: survey

February 20, 2025 No Comments

As more than one million mortgages come up for renewal in Canada this year, a new survey says the majority of those homeowners expect to pay more in their monthly borrowing costs.

OSFI says mortgage payment shock poses a key risk to Canada’s financial system

May 22, 2024 No Comments

Canada’s banking regulator says high borrowing costs and a wave of expected renewals pose a key risk to Canada’s financial system.

Youngest households reduce mortgage debt

Under-35 households lead the way in reducing mortgage debt, StatCan reports

January 25, 2024 1 Comment

Canada’s youngest demographic of homeowners is the only group to have reduced their mortgage debt since rates started rising in 2022.

Mortgage activity down 25% from 2022 and fixed rates remain top choice, stats show

November 23, 2023 No Comments

High interest rates have applied the brakes to Canada’s mortgage market, which saw growth slow to a 22-year low in September.

Home appraisals: Buyers bear the cost, but who owns the report?

September 25, 2023 2 Comments

Even though prospective homeowners usually pay for their home appraisal, many remain unaware that they typically won’t receive a copy of it.

Mortgage renewal strategies in today’s high interest rate environment

May 7, 2023 No Comments

The current interest rate climate for mortgage brokers and their clients is dramatically different compared to just a year ago, requiring a whole new strategy when it comes to renewals.

Mortgage originations falling, says Equifax

Non-mortgage debt and delinquencies on the rise: Equifax

April 7, 2023 No Comments

High interest rates have applied the brakes to Canada’s housing market, with mortgage originations down nearly 40% compared to a year earlier.

‘Business for self’ clients are on the rise. How do you secure a mortgage for one?

February 22, 2023 No Comments

Roughly 2.9 million Canadians were self-employed in 2018, according to Statistics Canada, and many of them are keen to buy a home.

Mortgage borrowers worried about rising payments at renewal

Over half of mortgage borrowers concerned about renewals

October 31, 2022 No Comments

A new survey has found that 53% of Canadian mortgage borrowers are concerned about the prospect of higher monthly payments at renewal time.

Mortgage Borrowing Set a New Record in 2021

March 14, 2022 No Comments

The amount of mortgage debt taken on by Canadians set a fresh record in 2021, eclipsing the previous record set the year before.

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