News
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Canadian Mortgages
- Ask the Expert: Steve Garganis on how the US impacts Canadian mortgage ratesWe all know that whatever happens in US it will affect Canada. Here is my next interview with RatesDotCa for their Ask The Expert edition – Steve Garganis on how the US … Continue Reading Ask the Expert: Steve Garganis on how the US impacts Canadian mortgage rates
Mortgage Broker News
- Mild Q3 economic growth gives green light for further rate cutsThe Canadian economy saw modest expansion in 2024's third quarter, paving the way for more Bank of Canada rate reductions
- Should the stress test be scrapped on all mortgage renewal switches?The change should also have applied to non-federally regulated lenders, according to a top non-bank CEO
- Canada, US face 'severe' economic impact from Trump tariffs: reportCanadian GDP could drop by 2.6%, with every citizen paying the price, if the proposed 25% across-the-board tariff is enforced
- How prominent is home flipping in BC?The practice can be a lucrative one – but is set to face a government crackdown in 2025
- Home renovations surge in CanadaAlmost 50% of homeowners have completed, undertaken, or are considering home reno projects, poll shows
Canadian Mortgage Trends
- Banks head into Q4 with investors looking for better days aheadThe majority of Canada's big banks are heading into fourth-quarter earnings this week riding high as fears around mortgage defaults and a recession ease.
- OSFI’s stress test change sparks industry confusionCanada's banking regulator threw the mortgage industry a curve ball last week when a representative suggested there were some restrictions to a recent policy change most brokers weren’t aware of.
- Helping retired Canadians navigate financial challenges: A solution for brokersRetirement is often considered a time to relax and enjoy the fruits of decades of hard work. However, for a growing number of Canadians 55 and older, this picture is clouded by financial uncertainty.
- Cautious optimism: How brokers should be approaching AI As a mortgage broker, it seems that no matter where you go—you can't escape the AI buzz.
- Quebec’s legal battle between CNQ and title insurers leaves brokers and homeowners in limbo ahead of mortgage renewal waveQuebec-based mortgage brokers and homeowners are caught in limbo due to an ongoing legal battle that is unlikely to be resolved before the renewal tsunami hits.