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.
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 ...
Weekly mortgage digest: Fixed rates trending downward ahead of …
WEBJul 22, 2024 — Canada’s Housing Plan may bring prices down in some markets, says Minister. Canada’s housing plan could put upward pressure on home prices, according to Sean Fraser, the federal Minister of Housing, Infrastructure and Communities. “It’s not my goal to bring down housing prices. My goal is to build more supply at prices that people can afford,” he told Bloomberg in an interview.
Bond yields plunge. What does it mean for fixed mortgage rates?
WEBJul 22, 2022 — What would make the big banks actually start lowering their rates? We’ve seen the 5 year bond yield slowly come down for the past 3 weeks. It’s gone from 3.2% on July 8th to 2.78% today and, at least on their websites, the banks have raised their 5 year fixed rates instead of lowered them.
TMG Joins Forces with Planipret, Quebec’s Largest Independent …
WEBMar 31, 2022 — The latest strategic alliance in the Canadian mortgage industry was announced today and will see TMG The Mortgage Group partner with Planiprêt/Mortgage Planners, Quebec’s largest independent brokerage.
The Bank of Canada’s next rate hike: a toss-up between 25 and 50 …
WEBDec 4, 2022 — What’s less certain is the size of the move, with markets and experts split between a 25- or 50-bps increase. “Policymakers have done little in recent weeks to provide any clarity here, and economic data has been yielding mixed messages,” economists from National Bank of Canada wrote in a recent research note.
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 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%.
Spring housing market stalls as homebuyers remain on the sidelines
WEBJun 9, 2024 — Source: Greater Vancouver Realtors ()“The surprise in the May data is that sales have come in softer than what we’d typically expect to see at this point in the year, while the number of newly listed homes for sale is carrying some of the momentum seen in the April data,” said Andrew Lis, Director of Economics and Data Analytics at Greater Vancouver Realtors, formerly the Real Estate ...
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).