CMHC says Canada built 30,000 fewer homes last year thanks to lofty borrowing costs. Turns out, steep rates caused small-fry investors, who account for about half of condo construction funding, to run for the hills faster than Sean "Diddy" Combs from a truth-telling contest. This spells trouble

💡A new Amortization Simulator with the market's latest forward rate expectations is downloadable from the mortgage tools. Canadian fixed mortgage rates are so tied to U.S. monetary policy, they should probably ask for a green card. Most borrowers don’t realize how important this cross-border relationship is,

Effective November 21, people with uninsured mortgages will be able to switch lenders without passing the federal mortgage stress test. That follows a similar move last October when the government clarified that people with transactionally insured mortgages can also switch lenders without a stress test. As for folks getting low-risk

There's now one less direct-to-consumer (DTC) mortgage provider in Canada. Questrade's online mortgage division has officially gone offline. It lasted a whole 30 months—shorter than most car leases.