In its latest policy announcement today, the Bank of Canada held its target for the overnight rate at the effective lower bound of 0.25%, with the bank rate at 0.5% percent and ... More

Canadian Mortgage Debt Increased 7.4% in November compared to a year earlier, pushing total up to nearly $1.66 trillion, according to StatsCan. ... More

Loan-default insurance industry player says it gained market share following changes the Crown agency made last summer. ... More

The Bank of Canada will likely leave the overnight lending rate unchanged for the whole of 2021, according to a recent forecast. ... More

For those of you who need a mortgage in the next 12 months, here are five humble prophecies about the year ahead. ... More

It was a significant jump year-on-year ... More

Bank says it could go lower than 0.25%, but remains deeply skeptical of negative interest rates ... More

In today’s policy announcement, the Bank of Canada stood by its pledge to hold its key overnight interest rate at 0.25%. ... More

Mortgage interest costs continued to trend downward in October, according to recent figures from Statistics Canada. ... More

Several mortgage brokers are warning of a spike in rates once bond yields recover. ... More

Jubilation over the good news about a vaccine has taken markets by storm. For borrowers, good news is often bad news. ... More

Approximately 11% of Canadian borrowers have not returned to a regular payment schedule. ... More

As payment deferrals begin to expire, Canada’s outstanding mortgage credit is now exhibiting slower growth. ... More

In light of the past six months of COVID-19-triggered uncertainty, home sales in Canada have been shockingly brisk as a combination of FOMO and low interest rates keep drawing ... More

The largest share of new mortgages in Canada is still with the big banks, according to the Canada Mortgage and Housing Corporation. ... More

A "vast majority" of borrowers who took on payment deferrals will be able to fulfill their balances before year-end. ... More

Canadians piled on mortgage debt even as COVID-19 forced the country into lockdowns, and Canada Mortgage and Housing Corporation (CHMC) worries many will eventually struggle to ... More

The total mortgage deferral volume in these banks as of the end of July exceeded $130 billion ... More

This fall, loan payments unemployed borrowers kicked down the road must start being repaid again, plus interest ... More

While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available for ... More

Low interest rates will be the norm for the foreseeable future, Bank of Canada Governor Tiff Macklem said earlier this week. ... More

Insurer says its current policies are sufficiently robust ... More

Many Canadians will attempt to purchase new homes before the adjusted rules take effect on July 1. ... More

The Bank of Canada held its benchmark interest rate steady at 0.25 per cent on Wednesday and said it thinks the economic impact of COVID-19 on the world's economy ... More

A new survey of 15 economists from Canadian banks, financial institutions and academia suggest that 0.25% interest rate could be around for more than a year, maybe two. ... More

Canadian household debt has reached $2.28 trillion in total as of March, with mortgage payments accounting for a significant slice of the growth, according to data from the Bank ... More

Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week. ... More

The coronavirus has plunged market activity into a deep freeze ... More

Rising unemployment and high debt is expected to boost mortgage loan delinquencies in Canada, though experts say it won’t play out like the U.S. subprime mortgage crisis of ... More

Canadian banks processed more than 670,000 mortgage deferrals or skipped payments in the month since announcing a measure to help consumers weather the economic hit from the ... More