💡Also in this edition: Mortgage Bytes (after the story) Most of the time, when homebuilding is booming, so is the mortgage business. That's just one reason why our industry is pulling for homebuilders to get their groove back—at least in Canada's biggest provinces. To sniff

💡Mortgage Bytes follow below... Canada's FINTRAC rules have hit the mortgage broker industry like a piano falling from the sky. Almost three weeks after FINTRAC started in the mortgage industry, we're getting emails from brokers at top brokerages still confused about their obligations. This includes brokerages

Some banks are hawking popular 3-year terms for 4.14% to 4.29%, or even less for fat loan amounts. In some instances, for strong borrowers with $600,000+ loan amounts, leading status brokers are getting 3.99% on discretion. We've seen multiple commitments at that rate in