In the ever-evolving tapestry of real estate, millennials are emerging as a formidable force, reshaping the landscape of homeownership with their unique preferences and digital-savvy approach. As this dynamic generation steps into their prime home-buying years, they are infusing the market with a fresh perspective, challenging traditional norms, and embracing innovative solutions. Gone are the […]

In the ever-evolving landscape of real estate, first-time homebuyers find themselves at the forefront of a formidable challenge – navigating a housing market that seems to operate at warp speed. As properties fly off the shelves faster than ever before, the dream of homeownership may appear elusive, but fear not, for there are strategies to […]

In the world of mortgage lending, the current high-rate environment has posed considerable challenges for both seasoned professionals and fresh faces venturing into the realm of brokering. With the benchmark lending rate perched at a 22-year high of 5.00%, the stakes have never been higher, leaving many to ponder when the much-anticipated rate relief will […]

As the clock struck midnight on the dawn of 2024, the Canadian housing market witnessed a subtle shift in tempo, with the annual pace of housing starts in January slowing by 10% compared to the bustling December scene. According to the latest data from the Canada Mortgage and Housing Corp. (CMHC), the seasonally adjusted annual […]

In the grand saga of Canada’s housing landscape, a recent report by CIBC’s deputy chief economist, Benjamin Tal, has ignited fresh discourse on the housing supply conundrum. Titled ‘The housing crisis is a planning crisis,’ Tal’s research unveils a sobering revelation: the gap in housing supply projections may be far wider than previously envisaged, possibly […]

As Cupid sharpens his arrows for the impending Valentine’s Day, a survey has unveiled a sobering reality: the impact of soaring interest rates on Canadians’ romantic escapades. Conducted by 360Lending, the survey reveals that nearly half of respondents have experienced or fear that higher mortgage or rent payments have cast a shadow over their love […]

Amidst the fervent discussions surrounding Canada’s housing market dynamics, Bank of Canada Governor Tiff Macklem delivered a sobering reality check today, emphasizing that while monetary policy holds weighty influence, it’s not the singular remedy for the nation’s housing affordability woes. In his meticulously prepared remarks at the Montreal Council on Foreign Relations, Macklem underscored the […]

The Canadian mortgage market is once again abuzz with activity as lenders scramble to readjust their offerings, bringing fixed mortgage rates back down after a brief hiatus marked by an upward nudge in bond yields last month. In January, a surge of over 40 basis points in Government of Canada bond yields sent some mortgage […]

Recently, we delved into the breaking news of a pivotal partnership between Canadian fintech trailblazer, nesto, and industry heavyweight, M3 Group. Now, as the dust settles and the implications become clearer, it’s time to explore how this strategic alliance is poised to reshape the mortgage broker landscape in Canada. In a move set to redefine […]

Canada’s economic rhythm has taken a fascinating turn, hitting a crescendo that exceeds growth predictions and raises questions about the Bank of Canada’s immediate plans for rate cuts, according to economists. In a recent report from Statistics Canada, November’s GDP growth of 0.2% outperformed expectations, creating a buzz of optimism. The excitement amplifies with a […]