Focus
mortgages
The 2 New Faces Who Will Decide Interest Rates From 2025 Revealed
The Opposition said now was not the right time to ’sack and stack' the Reserve Bank Board.
Have We Seen the Worst in the Housing Market?
Mortgages have become more affordable in recent months, but they are still more expensive than in all of 2022.
VA Buying Mortgages to Stop Foreclosures, Drawing Concern of Overreach
The moves came days after a National Public Radio article reported that thousands of VA loan borrowers risked losing their homes after the COVID forbearance.
Bank of Canada Governor Says Budget Update Won’t Add New Inflationary Pressures
Tiff Macklem says the budgetary balance is ‘little changed’ relative to what it was in the budget earlier this year.
More Than 2 Million Mortgage Holders Expected to Feel ‘Interest Rate Shock’ in Next 2 Years
A report by the Canadian Mortgage and Housing Corporation says there are signs of significant financial stress on homeowners.
Mortgage Approvals Slump as ‘Autumn Housing Market Pick-Up Fails to Materialise’
Some 43,300 mortgages were approved for house purchase in September, marking the lowest monthly total since January.
Difficult Mortgage Landscape Awaits Borrowers Due for Renewal: Experts
Industry experts say they expect people to get renewal offers with rates ranging from 6.5 to 7 percent.
