mortgages

Mortgage activity down 25% from 2022 and fixed rates remain top choice, stats show

November 23, 2023 No Comments

High interest rates have applied the brakes to Canada’s mortgage market, which saw growth slow to a 22-year low in September.

Private mortgages: what brokers need to know

October 25, 2023 No Comments

While private mortgage providers may offer higher interest rates, they can be an attractive option for homebuyers unable to secure financing through A lenders.

Home appraisals: Buyers bear the cost, but who owns the report?

September 25, 2023 2 Comments

Even though prospective homeowners usually pay for their home appraisal, many remain unaware that they typically won’t receive a copy of it.

Mortgage renewal strategies in today’s high interest rate environment

May 7, 2023 No Comments

The current interest rate climate for mortgage brokers and their clients is dramatically different compared to just a year ago, requiring a whole new strategy when it comes to renewals.

‘Business for self’ clients are on the rise. How do you secure a mortgage for one?

February 22, 2023 No Comments

Roughly 2.9 million Canadians were self-employed in 2018, according to Statistics Canada, and many of them are keen to buy a home.

Mortgage originations above pre-pandemic levels

Mortgage Originations Up 45% from Pre-Pandemic Levels: TransUnion

December 21, 2021 No Comments

Mortgages continued to lead all forms of credit growth as of the second quarter, rising over 45% compared to pre-pandemic levels, new data shows.

Record Mortgage Growth and Higher HELOC Usage in Q2

August 31, 2021 No Comments

Driven by a strong housing market and low interest rates, mortgages saw record growth across the country in the second quarter. Nationwide, volume was up

Lender Calls – Q3 Roundup

November 23, 2018 No Comments

The country’s largest broker-channel lenders recently released their third-quarter earnings, providing an update on how each is faring in this new regulatory environment. Home Capital

Lessons From the Digital Mortgage Conference – Part II

September 24, 2018 No Comments

Here’s part II of my summary of last week’s Digital Mortgage Conference in Las Vegas. (See Part I here) If attendance figures are any guide

The Latest in Mortgage News – Is the Housing Market Turning a Corner?

August 8, 2018 1 Comment

While Vancouver area home sales are still posting year-over-year declines, signs are appearing in the Greater Toronto Area that the worst of the housing correction