The Canadian yield curve has officially inverted and that’s bearish for mortgage rates. An “inverted yield curve” (in this context) means that the interest rate on almost every Canadian government...

Summary: The CMHC Shared Equity Mortgage comes up short, based on the info the government has graced us with thus far. Some of these projections may change, however, as the...

After all the build-up, Canada’s federal budget is finally here. There was no easing to maximum mortgage amortizations or the mortgage stress test, as some had expected. What the government...

Equitable Bank has slashed its reverse mortgage rates. That’s welcome news for seniors needing to tap home equity, particularly those who can’t qualify for regular financing or don’t want the...

Some big banks want to buy your mortgage business, literally, with cash. HSBC, CIBC and BMO are all “giving away” money. Here’s a quick run-down of their offers: HSBC Cash...

Meridian Credit Union likes to shake things up every spring. For a few years now, it’s been releasing eye-popping mortgage specials during peak homebuying season, and this year is no...

There’s an increasingly ominous vibe to Canada’s economic outlook, and that’s got the market taking rates down another notch. Canada’s5-year bond yield is seven basis points lower today—to 1.63% as...

No one thought the Bank of Canada would move rates today. What observers were looking for was a hint that we may be closer to the end of rate hikes...

Canada’s spring mortgage market is officially underway. HSBC kicked it off today with a head-turning 2.99% 5-year fixed rate. It’s the first time sinceSeptember 24, 2018, that Canadians have seen...

The two top policy-makers in Canada’s mortgage market don’t seem to be on the same page—at least not with what they’re feeding the public about the mortgage “stress test.” Observe...