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Archive for Lending Line

Reverse mortgages are booming amid Canada’s turbulent rate environment

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.

Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening

The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening. Global inflation remains high and broad-based. Inflation is coming down in many countries, largely reflecting lower energy prices as […]

Bank of Canada hikes key interest rate by quarter point, says it plans to hold

OTTAWA, ON – The Bank of Canada raised its key interest rate by a quarter of a percentage point Wednesday and said it expects this to be the last rate hike of the cycle. The rate increase marks the eighth consecutive hike since March as the central bank fights off decades-high inflation. Its key interest […]

The latest in mortgage news: Arrears rate rises from its all-time low

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.

How brokers can excel in a challenging market, and other lessons from the FSRA conference

  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

Brokers question timing of OSFI’s proposed rule changes

OSFI proposes new mortgage restrictions

OSFI proposes new mortgage restrictions

Bank CEOs weigh in on “vulnerable” mortgage clients

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

2022 – Year in review

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.

The latest in mortgage news: Government unveils details of its foreign buyer ban

The latest in mortgage news: Government unveils details of its foreign buyer ban

The latest in mortgage news: Government unveils details of its foreign buyer ban The government unveiled details of its foreign buyer ban on residential properties earlier this week, just days before the rules are set to take effect.