Category: Featured

December Caps off Blockbuster Year for Canadian Housing

December Caps off Blockbuster Year for Canadian Housing

Despite a global pandemic that ravaged the Canadian economy early in the year, the housing market came back with a roar and ended the year by shattering records in December.

The average home sale price in the month rose to $607,280, up 17.1% comp…

Q4 2020 Bank Earnings – The End of Mortgage Deferrals

Q4 2020 Bank Earnings – The End of Mortgage Deferrals

When 2020 came to an end, so too did the vast majority of mortgage deferral programs offered by the Big 6 banks and other Canadian lenders.

And, despite forecasts from early last year that arrears could skyrocket as a result of the pandemic, all …

2020 – Year in Review

2020 – Year in Review

Now that the page has finally been turned on 2020, we wanted to take a look back at how mortgage rates fared over the course of what was a tumultuous year.

It’s safe to say that COVID-19 stole the show in terms of the year’s biggest newsmaker. On…

How Canada’s Mortgage Lenders Adapted to the ‘New Normal’

How Canada’s Mortgage Lenders Adapted to the ‘New Normal’

The COVID-19 pandemic and the resulting nationwide lockdown forced the country’s mortgage lenders—like many businesses across the country—to adjust their operations in this unprecedented and brave new world of conducting business.

They were faced…

Q3 Lender Earnings: The Unexpected Recovery

Q3 Lender Earnings: The Unexpected Recovery

The country’s key mortgage lenders recently released their third-quarter earnings, and it’s safe to say results were better-than-expected all around.

Equitable Bank had its best-ever third quarter, while First National had its own record quarter….

Latest in Mortgage News – Industry Announcements

Latest in Mortgage News – Industry Announcements

There’s been a number of big mortgage industry announcements in recent weeks, ranging from reverse mortgage offerings to a new broker tech partnership and a key appointment at one of the country’s top brokerages.

Here’s a look at each…

Equitable…

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