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Mortgage Rates & Mortgage Broker News in Canada

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CMHC says borrowers are increasingly turning to variable-rate and shorter-term mortgages as renewal pressures begin to ease and insured lending rebounds.

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The Senate confirmed Kevin Warsh’s nomination to the Federal Reserve Board of Governors Tuesday, with the chamber expected to confirm him separately as chair later this week.

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A Morningstar DBRS report says medium-sized banks and credit unions are expanding into areas like wealth management, payments and credit cards as lower interest rates and economic uncertainty pressure traditional lending income.

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BMO says a surge in new apartment and condo supply, combined with slowing population growth, is creating tougher conditions for landlords and investors, especially in Ontario and B.C.

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Prime Minister Mark Carney said Canada is open-minded to building closer trade connections with the U.S. and Mexico in certain industries to create greater economic prosperity on the continent.

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