Mortgage Rates & Mortgage Broker News in Canada - Home Page
WEBMortgage rule changes will help spark demand, but supply challenges persist: experts. Experts say Ottawa's changes to mortgage rules could help spur demand among potential homebuyers, but supply challenges are likely to persist in Canada's real estate sector despite lofty goals to build new housing. September 16, 2024.
2024 housing market and interest rate forecasts
WEBDec 27, 2023 · 2024 aggregate house price forecast by Q4: $843,684 (+5% year-over-year) Commentary: “We see 2024 as an important tipping point for the national economy as the majority of Canadians acknowledge that the ultra-low interest rate era is dead and gone,” said Phil Soper, President and CEO, Royal LePage.
Three big banks just slashed fixed mortgage rates: "Great news" …
WEBJun 18, 2024 · As we reported last week, lenders had already started trimming rates in the wake of a nearly 40-basis-point drop in bond yields, which typically lead fixed mortgage rate pricing.. While none of the big banks made any major rate moves at that time, this week saw BMO, CIBC and RBC all deliver widespread rate reductions to their posted special rates across all mortgage terms.
Meet Bloom, Canada’s Newest Reverse Mortgage Provider
WEBSep 22, 2021 · “Canadians over 55 have more than $1 trillion of wealth built up in their homes, but many are retiring without enough savings to maintain their standard of living throughout their full retirement,” said Bloom founder Ben McCabe.
Three of the big banks have just lowered fixed mortgage rates.
WEBNov 20, 2023 · But that changed this weekend when three of the big banks—Scotiabank, BMO and TD—finally lowered select terms by about 15 to 25 basis points, or 0.15% to 0.25%.
Fixed mortgage rates are falling. Experts explain why and weigh in …
WEBJun 9, 2024 · Mortgage broker and rate analyst Ryan Sims told CMT the rate drops are due to last week’s Bank of Canada rate cut, as well as the rise in bank mortgage default rates and weakening economic data, including slower-than-expected GDP growth and easing inflation. “Also, let’s keep in mind that 5-year fixed rates—even after this recent slide—are still about 20 bps higher than where we were ...
The Broker Channel Gets Another Prime Lender: Strive Capital
WEBSep 20, 2021 · Strive’s founders all came from Street Capital, including: Marty Frenette: Co-Founder, President & CEO (former mortgage trader at Bank of America and Treasurer at Street Capital Bank).
2022 Housing and Interest Rate Forecasts - Mortgage Rates
WEBDec 29, 2021 · 1.35%. 1.90%. Meanwhile, the bond market is maintaining its forecast for more aggressive rate tightening by the Bank of Canada. As of Tuesday, it is still fully priced in for five quarter-point rate hikes by the end of 2022, which would bring the overnight target rate to 1.50%. canadian housing forecasts housing forecast interest rates rate ...
Mortgage rate pricing: Canada vs. the U.S.
WEBAug 3, 2022 · Suffice it to say, anyone can quote a rate. That’s the easy part. But rates in the U.S. move almost immediately with yields. To lock in a rate, you first need a customer application. And U.S. applications are more extensive than Canadian apps.
MCAP to Acquire Paradigm Quest and Merix
WEBJul 14, 2021 · Canada is about to have a new #1 non-bank lender. MCAP announced today that it’s buying Paradigm Quest (PQ), giving it PQ’s in-house brands, Merix Financial and Lendwise — and reportedly, origination contracts with dozens of other private label brands. The move makes MCAP a juggernaut in the mortgage broker industry.