News
Stay updated with the latest mortgage trends and rates
Canadian Mortgages
- First Bank of Canada rate hike in 3 yearsThe headlines are to get your attention. It’s incredible how many calls and emails our office received after the Bank of Canada governor, Tiff Macklem, raised the Bank Rate by … Continue Reading First Bank of Canada rate hike in 3 years
Mortgage Broker News
- Buyers still aren’t biting in Toronto’s slumping housing marketSales and prices continue to wane, with no sign of a turnaround on the way
- Laval man guilty of eight real estate fraud counts in QuebecA Montreal fraudster secretly registered 18% mortgages on homes he promised to buy outright
- Rate hike and election drag Vancouver home sales downBenchmark prices slid as buyers held back across Metro Vancouver’s housing market
- Here’s where Canada’s new condo prices fell hardest in Q3Statistics Canada tracks where developer prices are sliding and where they’re gaining ground
- GTA home sales stumble in October as buyers seek economic clarityRate hike and trade fears pushed GTA buyers to the sidelines
Canadian Mortgage Trends
- Variable-rate borrowers hold off on locking in after Bank of Canada hikeBrokers say clients are reluctant to give up their lower variable rates, even with further hikes possible.
- Greater Toronto Area home sales down nearly 8% in October: real estate boardDespite lagging real estate activity in the Greater Toronto Area this fall, improved certainty around borrowing costs and a change in the political dynamic south of the border have spurred hope that buyer sentiment could be set to turn, one broker says.
- Vancouver-area home sales down 10.2% in October as prices slide: boardHome sales in the Vancouver region were 10.2% lower last month compared with a year ago.
- Calgary home sales drop 15.3% in October: real estate boardThe number of homes that changed hands in Calgary last month dropped 15.3% compared with October 2025 as prices ticked lower overall.
- Bank of Canada says fiscal policy isn’t stoking inflation yetBank of Canada Governor Tiff Macklem said Prime Minister Mark Carney’s fiscal plans aren’t yet making it harder for the central bank to control inflation.
