Mortgage Rates & Mortgage Broker News in Canada - Home Page
WEBMortgage Digest: 50% odds of a 50-bps October rate cut, experts say. A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases. Forget the comparisons: success in …
First National sees Q2 drop in single-family originations, but …
WEBAug 12, 2024 · Looking forward, Ellis said new single-family commitments in July were higher than the same month a year ago. “It’s too early to call this a trend, but we are cautiously optimistic that this is the case,” he said.
2019 – Year in Review - Mortgage Rates & Mortgage Broker News …
WEBDec 31, 2019 · Qualified borrowers shopping for an insured 5-year fixed rate in September could find rates as low as 2.39% vs. 3.24% in January. That’s a savings of $43.14 per month per $100,000 of mortgage, or more than $4,000 over the five-year term. Economists at National Bank said the “free-fall in financing costs” seen this year was the most ...
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.
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.
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 ...
Sagen Overtakes CMHC as Canada’s Largest Mortgage Default …
WEBMay 7, 2021 · Not only did both Sagen and Canada Guaranty pick up business from high-debt-ratio clients, but many lenders were grateful that they continued to accept the deals that CMHC would no longer take, and as a result decided to reward the private insurers with more of their standard business to keep their portfolios balanced.
Fixed mortgage rates are falling again. Here’s why
WEBAug 1, 2024 · The lowest nationally available deep-discount uninsured 5-year fixed rate was down roughly 25 basis points (0.25%), according to data from MortgageLogic.news. Other terms have seen reductions ranging anywhere from 5-20 bps. Among the Big 5 banks, CIBC this week trimmed nearly all of its special-offer rates an average of 20 bps.
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 …