Markets see two more Bank of Canada rate cuts as economy slows, survey shows Markets are widely expecting two additional quarter-point cuts from the Bank of Canada this year, according to the Bank’s first-quarter Market Participants Survey.
Yukon launches first-time homebuyer loan program to pay up to half of down payments Yukon’s government is launching a first-time homebuyer program in the territory that will see eligible residents receive low-interest loans to help with down payments.
Rate hikes slow non-bank mortgage growth and fuel rise in arrears Non-bank lenders saw a continued move toward uninsured mortgages in Q4, alongside a steady rise in delinquencies.
Opinion: TD’s new tool is a win for brokers—if we choose to see it that way TD’s real-time pricing gives brokers true parity—but the reaction shows not everyone was ready for what that really means.
CENTUM appoints new leadership as Chris Turcotte joins RMA/Broker One CENTUM Financial Group has named Adrian Schulz as its new President and Caroline Rapson as Vice President of Operations as the brokerage network ushers in a new chapter of leadership.
Young Canadians shed mortgage debt as older homeowners borrow more Canadian homeowners experienced a shift in borrowing behaviour last year, with younger households reducing their mortgage balances while older age groups took on more debt.
This week’s economic watchlist: CPI, home sales and the Bank of Canada It’s set to be an important week for Canada’s economy, with key data on inflation, housing and consumer spending arriving just ahead of the Bank of Canada’s latest interest rate decision.
Mortgage Digest: Bond yields whipsaw, but fixed rates still have room to fall Canadian bond yields have swung sharply in recent weeks, adding uncertainty to the outlook for fixed mortgage rates.
FHSA sees strong uptake among young, high-earning Canadians in its first year Nearly half a million Canadians took advantage of the new First Home Savings Account (FHSA) in its debut year, according to newly released tax filing data from Statistics Canada.
Tariffs, tech, and Tesla: What’s driving the current market chaos What a week we saw in the markets. Weeks like this are only rivalled by a few moments in history—the COVID-19 meltdown in 2020, the Global Financial Crisis in 2008, and the tech wreck in 2001.