Reverse mortgages are booming amid Canada’s turbulent rate environment High rates haven’t stopped Canadians from tapping their home equity by way of reverse mortgages.
The latest in mortgage news: Arrears rate rises from its all-time low Canada’s national arrears rate ticked up from its all-time low in October, according to data from the Canadian Bankers Association.
Mortgage professionals may be feeling angst these days with origination volumes well down from last year’s highs. But it’s in times like these that the value prospect of a broker is at its highest. That was one of the key messages from the 2023 FSRA Exchange Event held on Thursday. “We’re in interesting times […]
Brokers question timing of OSFI’s proposed rule changes
Bank CEOs weigh in on “vulnerable” mortgage clients Canada’s Big-Bank CEOs weighed this week in on the current state of their mortgage clients, including those they consider “vulnerable” in the event of a recession.
2022 – Year in review As we turn the page on yet another tumultuous year, we wanted to take a look back at some of the top mortgage-related stories of 2022 and how mortgage rates fared.