Banking
Mortgages
'Severe Distress': Ontario Mortgage Delinquencies 50% Higher Than Pre-Pandemic
11,000 Ontario mortgages missed a payment in Q4-2024, according to Equifax Canada, which is nearly three times the number seen in 2022.
Feb 25, 2025
Real Estate News
7 Canadian Real Estate Questions We're Asking In 2025
From geopolitical conflict to economic uncertainty, there's plenty to keep a fretful eye on, especially as it relates to Canadian housing.
Finance
How The Numbers Behind Mortgage Switching Might Change Amid OSFI’s New Rules
Eliminating the stress test from renewals with a new lender not only makes things easier for borrowers, but facilitates more competition in the financial sector.
Mortgages
60% Of Canadian Mortgages Are Set To Renew In The Next 3 Years
“Variable-rate mortgagors are set to see significant payment shock, perhaps as high as 84% by 2026 if interest rates do not decline.”
Historic Cabbagetown Duplex Offers Canadian Star Quality And Timeless Style
Designed as two distinct, self-contained suites, the home is as versatile as it is beautiful — ideal for multigenerational living, rental income, dedicated work-from-home space, or simply an expansive residence that exudes unique character and style.
Economy
In Letter To BoC, David Eby Calls Possibility Of Another Rate Hike "Disturbing"
Premier Eby's letter to Bank of Canada Governor Tiff Macklem comes about a week before the Bank of Canada's next policy rate announcement.
Mortgages
How Much Do Canadians Know About Their Mortgages? It Turns Out Not Much
Most Canadian mortgage holders don’t know their monthly payment ‘without looking it up’ — but experts point out that today's borrowers are facing an unprecedented level of nuance.
Finance
“Mortgage Malaise”: Over A Third Of Canadians Regret Their Current Mortgage
The Real Estate and Mortgage Institute of Canada reports that “mortgage malaise” is setting in amongst Canadian borrowers, with 45% anticipating they will be paying off their mortgages until the age of 60.
Finance
Despite Sluggish Uptake Amongst Most Major Banks, “Tens Of Thousands” Have Opened An FHSA With RBC
Alongside National Bank, RBC is one of the few major Canadian banks to get their FHSA up and running in April. Scotiabank, CIBC, and BMO have indicated that their FHSAs will be available for customers later this year.
Economy
Opinion: In Defence Of The Bank Of Canada’s Latest Rate Hike
Inflation is down, but it's rarely ever a one-and-done phenomenon — something the BoC is well aware of when implementing a rate hike.
Mortgages
BMO Offering Mortgage Deferrals To Customers Affected By Wildfires
BMO is allowing customers affected by the worst wildfire season of the 21st century to defer their mortgage payments.
Personal Finance
Bank of Canada Holds Key Interest Rate at 4.5%
The Bank of Canada held its target for the overnight rate on Wednesday, maintaining interest rates at 4.5%.
Personal Finance
Bank of Canada Pauses Interest Rate Hikes, Holds at 4.5%
For the first time in a year, the Bank of Canada chose not to raise interest rates, announcing that it will hold its policy rate at 4.5%.
Mortgages
Bad News For Borrowers: "High Odds" of Another Interest Rate Hike This Year
After weeks of favourable predictions that the BoC would end its aggressive rate hike cycle, some in the industry are changing their tune.
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