The government of Canada just dropped its 2023 budget. Like last year, there were no major mortgage bombshells. Below is a quick rundown of the budget updates with lending relevance. Rate and inflation impact We haven't had a chance to dive deep into the inflation ramifications but suffice

A lot of mortgage brokers will be surprised it took this long. First Swiss, a private mortgage lender known for its seemingly insane high-fee, high-rate, 95%-LTV last-resort second mortgages, has gone belly up.   A receiver was appointed after the Financial Services Regulatory Authority of Ontario (FSRA) made a court

These days, mortgage applicants who carry high debt—relative to reported income—have countless options. Alternative lenders line up to help qualified borrowers stretch their buying power. Non-industry types may deem that imprudent, but debt service ratios (at the time of origination) are only a secondary predictor of defaults. What

With markets in a tizzy about deposit runs and bank failures, OSFI felt it necessary to put Canadian minds at ease Monday. "Canadians can be confident that we have a sound and effective regulatory and supervisory foundation that works to protect depositors and creditors," the regulator wrote in