Canada’s largest banks are coordinating their approach to the COVID-19 coronavirus outbreak to protect their employees and customers. ... More

Reverse mortgages are surging in Canada as more older people join the country’s debt bandwagon. ... More

The number of Canadians who applied for a fixed-rate mortgage in August saw a substantial spike, with 59.31% of users on the LowestRates.ca website opting for a fixed-rate ... More

The number of new mortgages continued higher in 2016 but the share of first-time buyers slipped, CMHC says. The crown corporation reports that there were just over 1 million ... More

New rules proposed by the federal government to curb financial risks associated with the country's hot housing markets could make it more difficult to secure a ... More

Canada's central bank, which had long said interest rates are too blunt a tool to tackle the country's housing market, may have finally decided to act and at least limit ... More

The Ontario government will shift regulation of syndicated mortgage investment products to the Ontario Securities Commission in a move to toughen oversight of a rapidly growing ... More

The Canadian lending market will enter a period of relative cooling in the next few years as far-reaching changes to mortgage rules finally begin to make themselves felt, ... More

The Bank of Canada is holding its benchmark interest rate at 0.5 per cent as economic conditions move along largely in line with its expectations. ... More

Canada Mortgage and Housing Corp. says its stress testing shows it will be able to withstand even the most extreme economic scenarios. ... More

Homeowners could be facing mortgage insurance price increases next year according to the boss of Canada’s largest private mortgage insurer. ... More

The new mortgage rules being introduced by Ottawa next week are already having a “crippling” impact on non-bank mortgage lenders according to online broker Butler ... More

The dynamism of the Canadian mortgage market itself might be at risk due to the tighter regulations announced by Finance Minister Bill Morneau earlier this week, an observer ... More

Fully one-third of consumers would encounter difficulties in meeting the new debt service ratios as outlined by the tightened mortgage measures introduced by Finance Minister Bill ... More

Two major Canadian banks have closed a loophole that allowed new Canadians here for less than five years to bypass income verification when purchasing a home. ... More

Up to a million Canadians would struggle to cope with a 1 per cent rise in interest rates with 700,000 at risk from even a 0.25 per cent rise. ... More

Canada’s financial regulator released proposed new mortgage rules that could see the country’s lenders hold more capital to offset risks. ... More

The federal government may require banks and other mortgage lenders to pay a deductible to protect taxpayers from risky hot housing markets. ... More

he Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit ... More

Rising house prices are increasing demand for mortgages with 30 year amortizations as buyers choose – or are forced by the cost – to spread their home loan over longer ... More

The Canada Mortgage and Housing Corporation released its annual Mortgage Consumer Survey ... More

Mortgage lenders may have to pay a deductible to the CMHC for any claims made on loans the agency insures. ... More

New figures from one of Canada’s largest banks and mortgage lenders shows the continuing growth of household debt. RBC’s report reveals that total consumer debt is now ... More

The Royal Bank of Canada scrapped an internal limit on mortgage loan size for immigrants in the spring to tap into surging demand for financing on multi-million dollar houses by ... More

Canadian households are adding debt at an increasing pace and it’s being driven by mortgage which account for 80 per cent of the debt. CIBC says that it is not housing ... More

The federal government may be ready to take direct aim at Canada’s red-hot housing market, and is actively consulting on a move to increase the minimum down payment required ... More

Mortgage borrowing increased in May as low interest rates boosted sentiment. Bank of Canada figures show that total household debt was $1.835 trillion, up by 4.8 per cent ... More

Economists had all but given up on a further rate cut, but after a look at Friday’s dismal GDP data, many figure the Bank of Canada might opt for a bit more ... More

Canada’s national housing agency says it’s now insuring a record low 50 per cent of new residential mortgages, and it doesn’t intend to let it drop any further. ... More

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is ... More