mortgage market

2023 mortgage market year in review

December 29, 2023 No Comments

As we wrap up a year full of economic twists and turns—and interest rate ups and downs—we wanted to look back at some of the top mortgage-related stories that graced our pages in 2023.

Most mortgage borrowers to see payments rise 34% to 54% vs. early 2022: Bank of Canada

December 20, 2023 No Comments

If you had a mortgage as of February 2022, chances are you will be facing a payment increase before the end of 2025.

Half of non-homeowners in Canada losing hope of buying property: MPC survey

September 20, 2023 1 Comment

Nearly half of non-homeowners in Canada think they’ll never be able to purchase a home, according to new survey results from Mortgage Professionals Canada (MPC).

Canada’s financial consumer watchdog unveils guidelines to support at-risk mortgage borrowers

July 5, 2023 No Comments

The country’s financial consumer watchdog today unveiled new guidelines urging financial institutions to provide support to mortgage holders who are facing “severe financial stress” and are at-risk of default.

OSFI considering the need for additional regulations on existing mortgages

April 20, 2023 No Comments

Canada’s banking regulator says it is considering whether to extend the scope of its mortgage guidelines to include existing mortgages. In its second Annual Risk

Mortgage activity in Quebec fell 16% last year amid higher rates

March 24, 2023 No Comments

Rising interest rates, compounded by stricter qualification rules, led to a 16% decline in mortgage activity in Quebec last year.

80,000 variable-rate mortgages will reach their trigger point by year-end: RBC

August 24, 2022 1 Comment

Canada’s largest bank said about 80,000 of its variable-rate mortgage clients will reach their trigger point with the next “couple of” Bank of Canada rate hikes.

The State of the Mortgage Market

January 31, 2019 1 Comment

Mortgage Professionals Canada released its marquis State of the Mortgage Market report last week. While much of the media focus was on the report’s assessment