NEWS

Are longer mortgage terms the solution to Canada’s payment shock challenges?

Jared Lindzon Mortgage Strategies June 23, 2024 Payment shocks at renewal due to shorter mortgage terms have become a growing concern for...

Home sales slid in May as buyers awaited confirmation of a Bank of Canada rate cut

Steve Huebl Real Estate June 17, 2024 Home sales slipped in May and listings continued to build as prospective homebuyers largely...

Latest in mortgage news: Borrowers must adapt to ‘new normal’ of higher rates, says Macklem

Steve Huebl Mortgage Industry News June 16, 2024 Interest rates may slowly start to be easing around the world, but they won’t be...

Fixed mortgage rates are falling. Experts explain why and weigh in on fixed vs. variable

Steve Huebl Interest Rates June 9, 2024 Both existing homeowners and new homebuyers are benefiting from a drop in interest rates seen...

Spring housing market stalls as homebuyers remain on the sidelines

Steve Huebl Real Estate June 9, 2024 Canada’s typically busy spring housing market stalled as homebuyers largely chose to wait on the...

Average Canadian rent hits an all-time high of $2,202

Steve Huebl Real Estate June 6, 2024 Average rents across Canada are now up 32% from their pandemic lows. The average asking rent in May...

What the Bank of Canada rate cut means for mortgages, consumer loans and investments

The Canadian Press Bank of Canada June 5, 2024 By Ian Bickis The Bank of Canada has lowered its key interest rate by a quarter of a...

Reasons for and against a Bank of Canada rate cut this week

Steve Huebl Bank of Canada June 3, 2024 While the odds of a Bank of Canada rate cut this week have risen, some experts admit the decision...

Soft GDP figures point to a BoC rate cut next week, but uncertainty remains

Steve Huebl Bank of Canada May 31, 2024 Canada’s economy slowed more than expected in the first quarter, raising the odds of an interest...

More Canadians only making minimum payment on credit cards: TransUnion

The Canadian Press Mortgage Industry News May 28, 2024 By Ritika Dubey A new report suggests an increasing number of Canadians are seeing...

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

Steve Huebl Government and Regulation May 22, 2024 Canada’s banking regulator says high borrowing costs and a wave of expected renewals...

June rate cut still a “close call” despite lower inflation in April

Steve Huebl Bank of Canada May 21, 2024 Canada’s headline inflation rate continued to ease in April, leaving the door open to a Bank of...