In MLN's interview with Housing Minister Sean Fraser last week, he noted how the government should offer more builders lower financing costs to spur development. One way that Ottawa is already doing that—and a program the Liberals might increase funding for—is the Rental Construction Financing Initiative

“A record 95% of new mortgages in June 2023 were fixed-rate,” reported National Bank Financial’s Daren King on Tuesday. This all-time low for variable market share sharply contrasts with the months preceding prime rate's uphill journey. Back then—just 18-24 months ago—up to 57% of mortgagors

Some lenders have an unconventional idea of partnership. They boldly label brokers as their "partners" but treat them with the same respect one might reserve for a telemarketer who calls during dinner. If you're a lender, one strange way to show broker partners you 'care&

Eighteen months into one of the most vigorous hiking cycles in history, 90-day #prime mortgage# arrears are still dragging along the historical bottom at just 15 bps. A year ago, virtually every analyst in the game thought they'd be higher by now. But the fact that 90-day arrears