Canada's banking regulator has some potentially momentous new mortgage restrictions coming in 2023. If the final lender guidance turns out to be as impactful as expected, many highly levered uninsured mortgage borrowers will apply before changes take effect. The goal being, to ensure OSFI's new debt

The reverse mortgage company that doesn't care how old you are is out of business, temporarily at least. Fraction made a splash by lending homeowners money with no payments and no age minimum. Whereas traditional reverse mortgage providers want you to be 55+, Fraction often lent to people

The BoC should've orchestrated a more hawkish pause. That's what some economists are now saying. Their fear: people now expect the Bank of Canada's next rate change to be a cut, so many will run right out and borrow money. That, in turn, will

Just 14 months ago floating-rate borrowers were enjoying record-low rates like 0.85%. Today, after a 425 basis point spike in prime rate, team Macklem has added yet another piece of straw to borrowers' backs. He and the Bank of Canada have boosted their key rate another 25 bps