Non-bank lenders saw a continued move toward uninsured mortgages in Q4, alongside a steady rise in delinquencies. Non-bank mortgage lenders continued to see steady growth in Q4 2024, but the pace has slowed sharply compared to the boom years of 2021 and 2022, according to the latest figures from Statistics Canada. Interest rates, delinquency trends […]

Spring mortgage season is bringing better fixed-rate deals, but not all borrowers are seeing relief. While lenders continue trimming fixed rates, discounts on variable rates are shrinking. If you’re in the market for a mortgage this spring, you’ve probably noticed fixed rates are continuing to trend lower.   That’s thanks in large part to falling bond […]

Canadian Inflation surged to 2.6% in February, much stronger than expected. The Consumer Price Index (CPI) rose 2.6% year-over-year (y/y) in February, following an increase of 1.9% in January. With the federal tax break ending on February 15, the GST and HST were reapplied to eligible products. This put upward pressure on consumer prices for those items, as taxes paid by consumers […]