💡This is an updated version of the story published at 10:30 a.m. ET The Bank of Canada, in a non-thriller, kept its key rate static at 5% on Wednesday. Consequently, Canada's benchmark prime rate is still glued at 7.20%, where it has been for eight

Mortgage brokers are lining up to sign on with BMO, but the bank is taking it slow. A few months into its official channel launch, it's brought on just over 100 brokers. "We're expanding that quickly," says Hassan Pirnia, Head of Personal Lending and

💡ICYMI: A.I. has put mortgage marketers on notice: Sprint or get sprinted over in 2024. The story. It's not every day the reverse mortgage world gets a shake-up, but Bloom Finance is about to crash the party. After several quarters of development, the company launches its new

💡Reader note: The March 1 Rate Simulator update is live with the latest forward rate outlook. Download here. The First Time Home Buyer Incentive was a policy flop, and now, thankfully, it's flopping off the radar. In a sudden change, CMHC announced that the last date for new