Latest in mortgage news: Adult children of homeowners twice as likely to own a home A key factor in determining whether an individual is likely to become a homeowner is whether or not their parents were property owners, a new study shows.
Mortgage activity down 25% from 2022 and fixed rates remain top choice, stats show High interest rates have applied the brakes to Canada’s mortgage market, which saw growth slow to a 22-year low in September.
Delinquencies rising for borrowers with $400k+ mortgages, CMHC report shows While overall mortgage delinquency rates remain near historic lows, figures show an upward trend this year for borrowers with larger balances.
The clock is ticking for Ontario brokers wanting to arrange private mortgages A reminder to Ontario brokers wanting to arrange private mortgage deals in the new year: the deadline to complete the new licensing requirements is quickly approaching.
Latest in mortgage news: bond yields plunge as U.S. inflation eases Canadian bond yields took another step down today following the release of lower-than-expected inflation data south of the border.
Latest in mortgage news: Lenders cut select fixed rates by up to 30 bps Mortgage providers across the country have been dropping fixed mortgage rates throughout the week in response to a sharp decline in bond yields.
Experts predict lower mortgage rates as bond yields plunge Mortgage shoppers and those with upcoming renewals may see some rate relief next week thanks to a steep drop in bond yields.
BoC’s Macklem talks government spending, political interference and (not) interest rate cuts Bank of Canada Governor Tiff Macklem said on Monday bringing down inflation is “proving more difficult than we thought.” He also conceded that current government spending plans are at odds with the Bank’s objective of slowing inflation. His comments were made while testifying before the House of Commons finance committee. Macklem was grilled for a comment he made last week on the fact provincial and federal government spending is estimated to grow by roughly 2.5% next year. “If all those
Lender executives share their insights into the latest mortgage trends The lender panel is a perennial fan-favourite at the National Mortgage Conference and this year was no exception. The panel, featuring executives from four key mortgage lenders, covered a number of topics, including emerging trends and issues facing the industry.
Navigating to the top: women leaders in the mortgage and real estate industries share their stories In a field traditionally dominated by men, a shift is underway within the offices of Canada’s mortgage and real estate industries. Women are now stepping into the limelight, assuming leadership roles and reshaping industry norms.