Blog | Mortgage News & Topics in Canada

Dec 11, 2024 – 7 mins

Bank of Canada Decreases Policy Rate

Today’s Bank of Canada policy rate announcement marked another significant moment for Canada’s economy. The widely anticipated 50 basis points (0.50%) rate cut reduced the policy rate to 3.25%, reflecting the central bank’s attempt to address rising unemployment, weak GDP growth, and broader economic slack. This move also underscored the Bank’s commitment to balancing inflation control with fostering growth, an…

Read now

Jun 21, 2024 – 3 mins

nesto Acquires CMLS Group to Build Canada’s Mortgage Ecosystem of the Future

Montreal, QC – June 21, 2024 – nesto, Canada’s leading digital mortgage lender, announced today the acquisition of the CMLS Group (“CMLS”), the third-largest mortgage finance company in Canada. The combined entity will build Canada’s Mortgage Ecosystem of the Future.

Read now

Feb 14, 2024 – 2 mins

What the Latest US CPI Numbers Mean for Mortgage Rate Cuts in Canada

Canadian bond yields are surging, and mortgage rates are expected to climb ahead of the spring market. This is due to today’s stronger-than-expected inflation data from the US, causing a sudden jump in yields.

Read now

Dec 11, 2024 – 16 mins

Mortgage Rates Forecast Canada 2024-2029

The Bank of Canada’s (BoC) most recent announcement was to hold rate. The impact of rate increases can take up to a year before they begin to impact the whole economy. Even with all the crushing blows by surging interest rates that central bankers on both sides of the border have thrown at it, the economy has continued its relentless overflow of inflation and employment.

Read now

Oct 30, 2023 – 7 mins

10 Canadian Cities With Mortgage Payments Under $3,000

Has the Canadian housing market been a topic of concern for you due to the rising costs of…

Read now

Nov 30, 2023 – 5 mins

Is Fixed or Variable Rate the Way to Go in 2024?

Are you wondering what’s next for interest rates in 2024? Not sure if you should go fixed or…

Read now

Dec 11, 2024 – 16 mins

Mortgage Rates Forecast Canada 2024-2029

The Bank of Canada’s (BoC) most recent announcement was to hold rate. The impact of rate increases can take up to a year before they begin to impact the whole economy. Even with all the crushing blows by surging interest rates that central bankers on both sides of the border have thrown at it, the economy has continued its relentless overflow of inflation and employment.

Read now