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.
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).
The Big Banks are slashing their interest rate forecasts
WEBAug 8, 2024 · Just a couple of weeks ago we reported on CIBC and TD’s interest rate forecasts, which predicted an additional 175 basis points (1.75 percentage points) worth of Bank of Canada rate cuts by the end of 2025.. Well, both banks have updated those forecasts and are now predicting 200 bps (two percentage points) worth of …
Here’s why markets are betting on a Bank of Canada rate cut …
WEBJul 23, 2024 · Despite a favourable inflation report for June, the readings just one month earlier came in surprisingly hot. And while headline inflation did drop more than expected in June, core inflation still remained above 2% on a …
Home-sharing platform funded by Nova Scotia government …
WEBAug 22, 2024 · In the year since Nova Scotia invested in an online platform aimed at helping renters find affordable housing, a total of 23 leases have been signed, a result opposition parties say is a failure.
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 ...
2023 housing and interest rate forecasts - Mortgage Rates
WEBDec 29, 2022 · CREA. 2023 home sales forecast: 520,156 (-2.3% year-over-year) 2023 home price forecast: $721,814 (+0.2%) Commentary: “With interest rates on the rise, home sales have continued to cool. In some parts of the country, home prices have fallen from their peaks reached earlier this year, are flat in some regions, and …
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.
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.
The State of the Residential Mortgage Market: 2020
WEBMar 26, 2021 · This, of course, had major implications for the mortgage market. Mortgage Professionals Canada’s Annual State of the Residential Mortgage Market in Canada report provided a detailed look at borrower behaviour and mortgage market trends in 2020. The comprehensive report, compiled by MPC’s chief economist Will Dunning, looked at everything from average mortgage rates and sources of down ...
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