Canadian Mortgage Trends

📉 Desjardins predicts that rent inflation in Canada will slow in the next few years, offering some relief to renters. Find out which regions are expected to see the biggest changes in rent trends. #RentInflation #CanadaHousing #RealEstate #MortgageRates

Highlights from this week's Mortgage Digest: - Canadian insolvencies stabilized in September - Neo Financial raises $360 million to expand AI-driven banking services - The Office of the Superintendent of Financial Institutions Canada flags AI risks in its fall update - Toronto vs. Montreal: A tale of two rental markets - Mortgage arrears held steady in August - Building permits reach 7-year high

A mortgage rate war is expected to intensify as big banks sharpen their pencils to capture a share of the upcoming renewal surge. But John Webster, former CEO of Scotia Mortgage Authority, says it's not sustainable for the long run. #MortgageRates #BankRenewals #Canada #HousingMarket

Canadian building permits hit their highest level in nearly 7 years, rising 11.5% in September to a seasonally adjusted $13 billion, Statistics Canada | Statistique Canada reported this morning. The growth was driven by multi-family permits (up $505.5 million), while single-family permits increased by $35.1 million.

Fixed mortgage rates may not follow the Bank of Canada's rate cuts, warns former TD economist Don Drummond. With bond yields plateauing, Canadians could face steady rates in 2025 despite ongoing BoC easing. #MortgageRates #Canada

Not top of mind for most homebuyers, 10-year fixed mortgages come with unique pros and cons. Brokers share insights and client experiences on locking in for the long haul in Ross Taylor's latest piece... #MortgageRates #HomeBuying #CanadianHousing

Glengarry Farm Finance Corporation has secured a $60M cash injection from FCC / FAC, enabling it to offer Canadian farmers more flexible loan options to support growth in the agriculture sector. 🌱💸

🏠 Montreal's housing market saw a record-breaking October, with sales surging 44% year-over-year, according to the Quebec Professional Association of Real Estate Brokers | QPAREB. Condo sales jumped 47%, while single-family homes and plexes also saw significant gains as buyers capitalized on lower rates. #MontrealRealEstate #HousingMarket

📉 For the first time since the pandemic, national rent prices have dropped year-over-year, according to Rentals.ca. Is Canada’s rental market finally cooling? #HousingMarket #RentPrices #CanadianRealEstate

🚨 Breaking: The Federal Reserve Board has cut its benchmark rate by 25 bps to a new target of 4.50%-4.75%. This marks the Fed's second consecutive rate reduction as it continues adjusting policy to support economic stability. #FedRate #InterestRates