Mortgage Rates & Mortgage Broker News in Canada - Home Page
WEBMortgage rule changes will help spark demand, but supply challenges persist: experts. Experts say Ottawa's changes to mortgage rules could help spur demand among potential homebuyers, but supply challenges are likely to persist in Canada's real estate sector despite lofty goals to build new housing. September 16, 2024.
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.
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).
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
WEBJul 14, 2021 · 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 juggernaut in the mortgage broker industry.
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 …
Sagen Overtakes CMHC as Canada’s Largest Mortgage Default …
WEBMay 7, 2021 · Not only did both Sagen and Canada Guaranty pick up business from high-debt-ratio clients, but many lenders were grateful that they continued to accept the deals that CMHC would no longer take, and as a result decided to reward the private insurers with more of their standard business to keep their portfolios balanced.
The Big Banks are slashing their interest rate forecasts
WEBAug 8, 2024 · Just a couple of weeks ago we reported on CIBC and TD’s interest rate forecasts, which predicted an additional 175 basis points (1.75 percentage points) worth of Bank of Canada rate cuts by the end of 2025.. Well, both banks have updated those forecasts and are now predicting 200 bps (two percentage points) worth of …
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 ...
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.