Bank of Canada Governor Stephen Poloz dropped some notable rate-related nuggets in a speech Thursday. Below we ponder the implications of those comments for mortgagors. Here’s what Poloz said: ******...

In a speech last week, Canada’s banking regulator brushed off the “unintended consequences” of its controversial mortgage stress test with one sententious comment: “…The answer to this important problem…cannot be...

Never before has Canada’s banking regulator received so much pushback on a mortgage rule. OSFI has felt such heat from its controversial “B-20” stress test, that it’s started a campaign...

The Department of Finance is considering a return to 30-year amortizations on insured mortgages, says the Canadian Homebuilders’ Association (as reportedin the Globe and Mail). The last time we had...

BMO Capital Markets has taken a “scalpel to [its] Canadian rate forecast,” as itdescribesit. The company now projects just one Bank of Canada rate increase in all of 2019. By...

Hopefully people don’t believe everything they read, especially when they read stories like this: “Instant mortgages are coming soon – what could go wrong?“ We’ve been meaning to comment on...

If we were betting types, we’d wager that in coming months the government makes it possible to mortgage a 7-figure property with just a modest down payment. Here’s why. At...

Imagine if 250,000 to 350,000+ homeowners couldn’t get cost-competitive private mortgages anymore. That’s the potential result if the feds impose a mortgage stress test on private borrowers. And they’re considering...

The most unexpected trend in the mortgage rate world of late has been the squeezing of variable-rate discounts. The Spy warned ofdiminishing variable-rate discounts last month. Since that time, they’ve...

Comparing mortgage rates is more worthwhile today than it was two years ago, for multiple reasons. For one thing, Canada’s average mortgage balance is now up to$263,657, according to TransUnion....