“We don’t see vulnerabilities worsening,” OSFI says as it leaves capital buffer for big banks unchanged
Some new and innovative mortgage products have recently emerged to help Canadians manage the current high interest rate environment, perhaps most talked about being True North Mortgage’s 1-year 4.99% fixed rate term. The new product offers a steep discount from the comparable 1-yr rates of 7% to 8% offered by other lenders. It even […]
Brokers react to the government’s “nonsense” mortgage charter
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.
Overview of housing initiatives in the government’s Fall Economic Statement
Interest rates are higher than they should be due to government spending: Scotiabank
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.
Several big banks to be impacted by OSFI’s new capital requirements for negative amortization mortgages