Statistics Canada reports real GDP grew 0.3% in October – Mortgage Rates & Mortgage Broker News in Canada
The company says the expansion got here as services-producing industries grew 0.1% for the month, marking the fifth straight month ...
Tag: Broker
National Bank’s acquisition of Canadian Western Bank receives final approval – Mortgage Rates & Mortgage Broker News in Canada
The $5-billion all-share deal, initially introduced in June, is now set to shut by February 3, 2025, after receiving approval ...
BMO reverses course, reinstates OSFI’s stress test for uninsured mortgage switches – Mortgage Rates & Mortgage Broker News in Canada
Following OSFI’s elimination of the stress take a look at requirement for uninsured switches final month, BMO initially adopted the ...
Reverse Mortgages on the rise, offering broker opportunities
Reverse mortgage companies, as soon as thought-about area of interest, have grow to be more and more frequent because the ...
Mortgage Digest: HELOC usage rises to near two-year high as borrowing picks up – Mortgage Rates & Mortgage Broker News in Canada
Canadian owners are more and more tapping into their residence fairness, with HELOC (House Fairness Line of Credit score) utilization ...
New mortgage rules take effect today; more may be coming on Monday, economist says – Mortgage Rates & Mortgage Broker News in Canada
The measures—expanded 30-year amortizations and the next mortgage insurance coverage cap—add to a rising checklist of federal efforts to assist ...
Bowling for a cause: Mortgage pros unite to strike out cancer – Mortgage Rates & Mortgage Broker News in Canada
In late January, Strike Out Most cancers will deliver mortgage business professionals collectively for 9 bowling occasions throughout Canada, kicking ...
Bank of Canada cuts rates another 50 bps, bringing more relief to some borrowers – Mortgage Rates & Mortgage Broker News in Canada
In its assertion, the Financial institution’s Governing Council mentioned financial development has been weaker than anticipated, whereas latest federal coverage ...
Rent prices fall to 15-month low: Rentals.ca – Mortgage Rates & Mortgage Broker News in Canada
The typical lease worth in November was $2,139, in keeping with the most recent Leases.ca Lease Report. Regardless of the ...
3 in 10 residential property buyers in N.S. were investors in 2018-2020: StatCan – Mortgage Rates & Mortgage Broker News in Canada
The info, revealed by the federal statistics company on Dec. 3, tracks the variety of funding consumers in Nova Scotia, ...