Artificial intelligence isn't new to Canada's mortgage industry. It's been around since at least the mid-1990s. CMHC was an early adopter of AI-like systems in 1996 with its revolutionary emili automated default insurance underwriting system. emili zapped approval times from snail-paced days to lightning-fast

So here we are extolling the virtues of variable and 3-year fixed rates, and along comes this 'bombshell' from the Globe and Mail: Why two-year fixed-rate mortgages are now the best option for homebuyers The author, a respectable long-time personal finance writer, states: "The best time to

What would a lifelong interest rate trader pick for his mortgage? We wanted to find out, so MLN spoke with Kevin Abarbanel last week. Abarbanel is a former head futures trader for BMO Nesbitt Burns. He's been trading short-term interest rate futures full-time for over three decades, longer

Canadians shouldn't “spend a lot of time thinking about the neutral rate,” BoC chief Tiff Macklem advised in his June 5 press conference. But it's okay for him to spend a lot of time thinking about it. In the Bank's own words, the neutral