Mortgage
-
Scotiabank mortgage growth slows as the origins of major markets fall
Mortgages in the Greater Toronto area originated from $3.3 billion in the second quarter, down from $4.4 billion in the…
Read More » -
Equifax reports 1.4 million consumers missed their first-quarter credit payments
go through Ritika Dubey Rebecca Oakes, Equifax’s senior vice president of Canadian analysis, said many trends stem from the cost…
Read More » -
Principality cuts and raises fees by 40bps, household BS reduces fixes by 20bps – Staking Strategy
Principal intermediaries will lower the selected fixed-rate home loan rate by 20 basis points, increase other prices by 40bps, and…
Read More » -
Home builders face forced land sales if they are unable to build a home – Mortgage Strategy
Home builders who fail to build a home could be deprived of land and face fines under a new Housing…
Read More » -
Mpowered Mortgages promotes Stimson MD – Staking Strategy
Mpowered Mortgages has promoted Peter Stimson to a mortgage director for professional lenders. The digital business lowered its price earlier…
Read More » -
OFFA reduces tax rates on BTL products up to 0.24% – Mortgage Strategy
OFFA has cut the reduction rate of Islamic Purchase (BTL) products. Financial providers have lowered the two-year BTL rate by…
Read More » -
More than just a last resort: How to position the reverse mortgage of today’s retirees
Ross Taylor and Scott Peckford As the retiree population grows, home equity reaches an all-time high, and lenders such as…
Read More » -
TD sees softer mortgage origins as shrinking residential mortgage portfolios
The bank’s Canadian residential mortgage portfolio was C$267.4 billion in the second quarter, down from C$270.9 billion in the first…
Read More » -
Ottawa must allow housing prices to fall to make housing more affordable, experts say
Craig Lord Vancouver’s former mayor Gregor Robertson was elected to the House of Commons in April, before he was sworn…
Read More » -
Auxiliary buyers prosper: How gifts, common signals and rule changes reshape the market
According to the Canadian Mortgage and Housing Corporation (CMHC) 2025 Mortgage Consumer Survey, there has been a recent increase in…
Read More »