Browsing: Digest

Canadian homeowners are increasingly tapping into their home equity, with HELOC (Home Equity Line of Credit) usage rising to its highest level in nearly two years,…

A mortgage rate war is underway as more than half of all mortgages held by Canadian banks are coming up for renewal over the next two…

2025 forecasted as a banner year for Canada’s mortgage market Thousands of mortgage professionals gathered in Montreal this week for the sold-out 2024 National Mortgage Conference,…

As economic pressures mount, Canadians are pulling back on spending, a trend highlighted in the latest RBC Consumer Spending Tracker. Following the post-pandemic surge, the reality…

Despite rising affordability challenges, the majority of young Canadians still view homeownership as a valuable investment, according to a recent Royal LePage survey. A full 84%…

The Canada Mortgage and Housing Corporation (CMHC) has suspended its dividend payments to the federal government, redirecting funds to address Canada’s rental housing shortage. The move,…

While mortgage rates have fallen substantially over the past year, they’re still not low enough to entice a majority of prospective homebuyers into the market, according…

Canadians continued to rein in borrowing for the second straight quarter, according to recent data from Statistics Canada. Household credit market borrowing slowed slightly to $25.1…

Anyone who’s been shopping for mortgage rates over the past week has likely noticed fixed rates trending upwards. The latest wave of increases, however, seems to…

The Bank of Canada’s recently released summary of deliberations from its July 24 monetary policy meeting reveals a growing concern about downside risks to inflation. While…