Mortgage Rates & Mortgage Broker News in Canada |
- Bank of Canada Sets the Stage for a March Rate Hike
- Chartered Banks Saw a Surge in Uninsured Mortgage Origination in Q3: CMHC
- The Bank of Canada’s Rate Decision: To Hike or Not to Hike
| Bank of Canada Sets the Stage for a March Rate Hike Posted: 26 Jan 2022 01:08 PM PST The Bank of Canada surprised markets somewhat today by leaving its key lending rate unchanged. It did, however, send a clear signal that rate hikes are imminent. |
| Chartered Banks Saw a Surge in Uninsured Mortgage Origination in Q3: CMHC Posted: 25 Jan 2022 10:22 PM PST Chartered banks saw mortgage originations grow by 11% in the third quarter, a growing percentage of which were uninsured mortgages. Comparatively, non-bank lenders, including mortgage finance companies, trusts and insurance companies, saw mortgage activity rise 4%, according to the Canada Mortgage and Housing Corporation’s (CMHC) recently released Residential Mortgage Industry Dashboard. The main driver of mortgage debt for chartered banks came from uninsured purchases of new property (typically meaning those with a down payment of more than 20%), which totalled […] |
| The Bank of Canada’s Rate Decision: To Hike or Not to Hike Posted: 24 Jan 2022 09:38 PM PST Over the past couple of weeks, markets have increasingly adopted the view that the Bank of Canada will move up the timing of its first rate hike to this week. |
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