Mortgage Rates & Mortgage Broker News in Canada - Home Page
WEBThe Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities rose 4% year-over-year during the first half of 2024, but housing starts were still not enough to meet growing demand. Economic news. September 26, 2024 • …
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).
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.
2019 – Year in Review - Mortgage Rates & Mortgage Broker News …
WEBDec 31, 2019 — Those shopping for a mortgage towards the latter half of the year were treated to fixed rates near two-year lows — even below most variable rates. 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 …
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.
Fixed mortgage rates are falling. Experts explain why and weigh in …
WEBJun 9, 2024 — Mortgage broker and rate analyst Ryan Sims told CMT the rate drops are due to last week’s Bank of Canada rate cut, as well as the rise in bank mortgage default rates and weakening economic data, including slower-than-expected GDP growth and easing inflation. “Also, let’s keep in mind that 5-year fixed rates—even after this recent slide—are still about 20 bps higher than where we were ...
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 ...
MCAP to Acquire Paradigm Quest and Merix
WEBJuly 14, 2021. MCAP to Acquire Paradigm Quest and Merix. 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 ...
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 …
Mortgage Industry News - Mortgage Rates & Mortgage Broker …
WEBSep 15, 2024 — Mortgage Digest: First-time buyers relying on gifted down payments more than ever. The latest happenings from within the mortgage industry. Here you’ll find a wide-ranging selection of stories focused on (but not limited to) the mortgage broker and lender communities in Canada.