ron butler

Fixed mortgage rates are rising. What’s the deal?

April 18, 2024 No Comments

As variable-rate mortgage holders eagerly anticipate the Bank of Canada’s first rate cut, fixed rates are heading in the other direction: up.

Feds commit to exploring CRA income verification in budget 2024 to address mortgage fraud

April 12, 2024 7 Comments

The federal government today confirmed plans to consult with the mortgage industry on developing income verification tools through the Canada Revenue Agency.

Fixed mortgage rates in Canada resume their decline amid economic volatility

February 3, 2024 No Comments

After a short-lived upswing in bond yields last month that nudged some fixed mortgage rates higher, lenders are once again bringing them back down.

Rise in bond yields could send fixed mortgage rates higher, experts say

January 18, 2024 No Comments

A sudden rise in bond yields this week could cause some lenders to reverse recent fixed mortgage rate cuts, experts say.

Banks and lenders cut fixed mortgage rates

Big banks slash mortgage rates this week to reflect lower bond yields in Canada

January 12, 2024 No Comments

Nearly all of the country’s big banks slashed their advertised fixed mortgage rates this week, in some cases by as much as 70 basis points (or 0.70%).

Mortgage deselection: Can your lender choose not to renew your mortgage?

December 11, 2023 No Comments

With an estimated three million Canadians facing a mortgage renewal over the next 15 years, many borrowers are asking a very important question: does my lender have to renew my mortgage?

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.

House of Commons Standing Committee on Finance

Mortgage industry reps provide feds with proposals to address housing affordability

November 10, 2023 3 Comments

Representatives from Canada’s mortgage industry presented the federal government with several proposals they say will help address the country’s housing affordability crisis.

Experts predict lower mortgage rates as bond yields plunge

November 3, 2023 3 Comments

Mortgage shoppers and those with upcoming renewals may see some rate relief next week thanks to a steep drop in bond yields.

Surprise at news about insured mortgage switches

OSFI report reveals largely unknown mortgage exemption: no stress test on insured switches

October 20, 2023 No Comments

Many in the mortgage industry reacted with surprise after learning about a little but very important nugget buried in an OSFI report released earlier this week.