As the Bank of Canada on Wednesday lowered its overnight benchmark by 25 basis points from 2.75 per cent to 2.5 per cent, experts say homeowners looking to renew their mortgages have a chance to save. Commercial lenders, like private banks, base their rates on the key policy rate set by the central bank. According to the Bank of […]

The newly created Build Canada Homes agency will oversee plans to build 4,000 homes on six federally owned sites, as part of a $13 billion agency budget to speed up affordable home building, Prime Minister Mark Carney said Sunday. Carney said that the $13 billion will offer financial incentives for builders to construct affordable homes […]

Housing prices across Canada remain prohibitively high for many would-be homebuyers, and one expert says that’s partly due to Canadian seniors holding on to their homes longer than they did in the past, exacerbating a nationwide supply shortage. “I think a lot of seniors today don’t have a better option,” Rishard Rameez, CEO and co-founder […]

Borrowers are caught in a mortgage rate market that changes by the week, with little sign of stability ahead. With every passing week, the Bank of Canada faces conflicting economic signals, leaving Canadians guessing about its next move and triggering rapid changes in mortgage rates. After several weeks with the lowest 5-year fixed rates holding above 4%, […]

From tax implications to AML compliance, here’s what borrowers need to know before turning digital wealth into a mortgage. Crypto mortgages are becoming a hot topic in Canada, but there’s still a lot of confusion around how they work. For Canadians with significant holdings in Bitcoin, Ethereum, or other digital assets, the idea of using […]

Lenders have started raising fixed mortgage rates again, with signs pointing to a short-term upward trend. Fixed mortgage rates have been creeping upward over the past week, fuelled by a modest rebound in bond yields following stronger-than-expected economic data. The increases were partly driven by rising U.S. Treasury yields, with the 5-year rising above 4% […]

Retiring with mortgage debt is no longer the exception—it’s quickly becoming the norm as rising housing costs and later-life borrowing reshape retirement in Canada. According to a 2024 Royal LePage survey, 30% of Canadians planning to retire in the next two years expect to carry mortgage debt into retirement, up from just 14% in 2016. That’s […]

Fixed mortgage rates creep higher as bond yields rise Lenders have started raising fixed mortgage rates again, with signs pointing to a short-term upward trend. Fixed mortgage rates have been creeping upward over the past week, fuelled by a modest rebound in bond yields following stronger-than-expected economic data. The increases were partly driven by rising […]

Update from Dr. Sherry Cooper: There is every indication that the housing markets in the GTA and the GVA are beginning to perk up following a disappointing Spring market. Sales generally increased in May and June, and new listings fell last month. The price data suggest a flattening in prices. Tariff uncertainty has swamped the […]