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My Mortgage Blog — Latest Posts
Home Prices in Saint John & Southern NB Near All-Time High, Raising Concerns About Affordability
Average home prices across Canada are back on the rise, nearing the all-time high reached in March.In October, the average selling price was $716,585, up 4.4% from September and an 18.2% jump from a...
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A Snapshot of the Canadian Mortgage Market
Mortgage debt is rising at its fastest pace in over 10 years, yet arrears have fallen to record lows. Meanwhile, more mortgage shoppers are opting for variable rates and a growing...
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Mortgage Volumes Post Record Growth
Mortgage volumes posted their highest-ever rate of growth in the second quarter, driven in large part by historically low mortgage rates and a strong housing market. Compared to the second...
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Will High Inflation Prove to be Temporary? The Bank of Canada Thinks So.
Inflation in Canada is now expected to run a full percentage point above the Bank of Canada’s (BoC) target of 2% through the end of the year. But the central bank believes—for now at least—that...
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