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Up to 80% of variable-rate borrowers have hit their trigger rate: National Bank
Up to 80% of variable-rate borrowers have hit their trigger rate: National Bank Nearly 8 in 10 fixed-payment variable-rate borrowers have hit their trigger rate, according to data from National Bank of Canada.
Toronto’s Vacant Home Tax takes effect
Toronto’s Vacant Home Tax takes effect
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.