Mortgage Market Trends in Canada
Mortgage growth in Canada is slowing due to high inflation, rising interest rates, and cooling housing markets. Non-bank lenders are matching the pace of mortgage growth in the banking industry. […]
Canada’s Mortgage Rates Might Rise Soon
BoC raised its interest rate by 25 bps to 4.75% in response to a strong Q1. Resultantly, mortgage lenders may increase 5-yr fixed mortgage rates above 5.5%. Housing markets have […]
How are mortgage applications changing in the 2023 market?
The mortgage market in Canada has shifted significantly over the past year, with many lenders tightening qualification criteria and more borrowers turning to the alternative space. This has resulted in […]
A rebound in Canada’s housing market contributed to the BoC’s decision to hike rates in June – Mortgage Rates & Mortgage Broker News in Canada
The Bank of Canada's Governing Council decided to hike interest rates earlier this month due to the ongoing excess demand in the economy, including a rebound in existing home sales. […]
Ryan Berlin: Real estate listing rebound to create a more vibrant market
The Metro Vancouver housing market saw an increase in activity in May, with sales and new listings reaching levels not seen in at least a year. Sales totaled 5,038, which […]
BC Selects 10 Municipalities for Housing Targets
The BC provincial government has selected the first 10 municipalities to be given housing targets. The municipalities include: 1. Abbotsford 2. Delta 3. Kamloops 4. North Vancouver District Oak Bay […]