Resurgence in Rate Cuts: Canadian Mortgage Market Navigates Choppy Waters
The Canadian mortgage market is once again abuzz with activity as lenders scramble to readjust their offerings, bringing fixed mortgage rates back down after a brief hiatus marked by an upward nudge in bond yields last month. In January, a surge of over 40 basis points in Government of Canada bond yields sent some mortgage […]
Nesto and M3’s Strategic Partnership: A Game-Changer in Canada’s Mortgage Landscape
Recently, we delved into the breaking news of a pivotal partnership between Canadian fintech trailblazer, nesto, and industry heavyweight, M3 Group. Now, as the dust settles and the implications become clearer, it’s time to explore how this strategic alliance is poised to reshape the mortgage broker landscape in Canada. In a move set to redefine […]
Bank of Canada’s Rate Cut Timing: Surprising Crescendo Fuels Speculation
Canada’s economic rhythm has taken a fascinating turn, hitting a crescendo that exceeds growth predictions and raises questions about the Bank of Canada’s immediate plans for rate cuts, according to economists. In a recent report from Statistics Canada, November’s GDP growth of 0.2% outperformed expectations, creating a buzz of optimism. The excitement amplifies with a […]
Navigating the Canadian Housing Seas: Stability Amid Economic Shifts
In the grand overture of Canada’s housing market, a harmonious period of stability is anticipated to unfold in the coming months. BMO’s senior economist, Robert Kavcic, takes center stage in a recent research report, painting a portrait of resilience for the Canadian real estate landscape. However, homeowners expecting a return to the exuberant price gains […]
Nesto Forges Exclusive Partnership with M3 Group, Set to Transform Mortgage Distribution Landscape
In a groundbreaking move this week, digital mortgage disruptor nesto revealed a strategic alliance with M3 Group, signaling its entry into the broker channel for mortgage distribution. The agreement, termed an “exclusive brokerage services relationship,” opens the doors for nesto to tap into M3 Group’s extensive network of over 8,500 brokers, spread across renowned brands […]
Bank of Canada’s Rate Cut Waltz Takes a Dramatic Pause, Anticipation Mounts for a June Overture
In a captivating dance of economic projections, it appears that the first-rate cut from the Bank of Canada is set to be a delayed affair, with a majority of economists betting on at least June to roll out the interest rate red carpet. Initial expectations had flirted with the idea of rate cuts as early […]
Dancing with Numbers: Inflation’s Twist, Turns, and the Bank of Canada’s Rate-Cut Dilemma
In a recent twist of economic fate, the latest inflation figures have thrown a curveball at those crossing their fingers for a prompt Bank of Canada rate cut. The consumer price index decided to show off a bit, surging to a formidable 3.4% in December, giving the central bank’s endeavors to rein in escalating prices […]
Confused between 2nd and 3rd Mortgages? We’ve Got You Covered!
In the labyrinth of mortgage options, navigating between the realms of 2nd and 3rd mortgages can feel like deciphering an ancient map written in a language known only to a select few. Fear not, dear reader, for we are here to unravel the mystery and shed light on the nuanced differences that set these two […]
“Unlocking the Door to Savings: Are Plummeting Fixed Mortgage Rates Your Key to Financial Advantage?”
In recent months, interest rates on certain fixed mortgages have seen a notable decline, presenting an enticing opportunity for Canadians exploring the upcoming spring housing market or facing the renewal of their existing mortgages. The insurable five-year fixed-rate mortgages, a popular choice among Canadians, have witnessed a significant drop, falling below five per cent before […]
Bond Market Signals: Five-Year Fixed Mortgage Rates Dip Below 5%, Prompting Homebuyer Dilemmas
Anticipating forthcoming interest rate reductions by central banks, certain fixed mortgage rates have hit their lowest points in months. However, against the backdrop of economic uncertainty, both prospective homebuyers and existing homeowners facing renewals confront challenging decisions. In contrast to the trajectory observed since the onset of 2022, mortgage rates in Canada have surged, spurred […]