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Mortgage News

Aerial view of a Toronto neighbourhood. Will the real estate bubble pop?

Real Estate

Toronto housing bubble: Is it ready to pop?

Toronto’s surging housing market faces uncertainty. Learn about soaring prices, economic factors and the future of affordable home ownership.

Toronto housing bubble: Is it ready to pop?
Frances Donald at the PMAC 2023 national conference talking about recessions, inflation, economy and more

Investing

Is Canada in a recession?—and other questions about the economy, answered

Canadians have been waiting for a recession and been told that it’s coming for a long time now. So,...

Is Canada in a recession?—and other questions about the economy, answered
A woman sits on the couch looking at her phone

Mortgages

How much is the average mortgage payment in Canada?

Mortgage interest rates have jumped sharply since the Bank of Canada started hiking the benchmark interest rate, but not...

How much is the average mortgage payment in Canada?
A retiree with her adult child's own family at their first home, thanks to the FHSA

Retired Money

How retired parents can use the FHSA to help their adult children

Canada’s new first home savings account nicely complements earlier real estate programs. Retirees with grown adult children should take...

How retired parents can use the FHSA to help their adult children

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News

Canadian banks raise prime lending rate to 3.45%

Bank of Canada raised rate to 1.25%

Canadian banks raise prime lending rate to 3.45%
pay down the mortgage

Real Estate

New mortgage rules to steer consumers to big banks

They'll also limit choice and increase the cost of borrowing

New mortgage rules to steer consumers to big banks
pay down the mortgage

Mortgages

Mortgage insurance changes will impact buyers

Either rates will go up or it will get tougher to get a mortgage with a smaller down payment

Mortgage insurance changes will impact buyers
mortgage rate change

Mortgages

Fixed-rate borrowers must qualify at posted rate

New rules come into effect today

Fixed-rate borrowers must qualify at posted rate

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Buying

Feds close housing tax loophole

Liberal's send a clear message: You need to live in Canada for tax benefits

Feds close housing tax loophole

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