CMT News
Canadian mortgage news, rate updates and industry insights.
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Latest posts
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Canadian economy slows to 1.3% pace, weaker than BOC forecast
The Canadian economy is tracking 1.3% annualized growth between July and September, slowing down from a robust second quarter and coming in weaker than the Bank of Canada forecasted.
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Macklem warns U.S. deficits could push up Canadian borrowing costs
Bank of Canada Governor Tiff Macklem warned that U.S. borrowing is on an unsustainable trajectory as he offered an unusually blunt assessment of American tax and spending policy, which is putting pressure on global bond yields.
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Rate hike kicks Canada’s housing market when it’s down
The Bank of Canada raised its benchmark interest rate Wednesday in an effort to fight inflation. But for the nation’s housing market, the move is a heavy blow.
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BoC warns of ‘subdued’ outlook for housing market as rate hike raises borrowing costs
The Bank of Canada's rate hike Wednesday is set to translate to higher borrowing costs for homebuyers, adding further pressure as the real estate sector also copes with rising prices for construction materials.
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Bank of Canada hikes to 2.5%, says more could be needed
The Bank of Canada hiked interest rates to ward off upside inflation risks posed by higher energy prices, and said it may need to raise borrowing costs further.
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Mortgage arrears to rise further, but losses manageable: CIBC
Mortgage delinquencies are expected to rise further as renewals continue, but CIBC says other credit indicators show little evidence of broader deterioration.
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Ontario mortgage arrears expected to rise through mid-2027: CMHC
The housing agency says mortgage stress remains concentrated in certain regions, with private lenders in the Greater Toronto and Hamilton Area showing some of the strongest signs of pressure.
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Bank of Canada seen hiking as oil creates stubborn inflation: Decision guide
The Bank of Canada is likely to hike interest rates for the first time in more than three years as policymakers grow increasingly concerned about the inflation risk posed by the cost of energy.
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Economists brace for Bank of Canada hike, but some urge patience
Several economists expect a quarter-point increase on Wednesday, though some say softer economic data make a case for holding rates steady.
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Incoming B.C. government pledges to cut homebuilding costs and delays
The Conservatives have pledged to reduce construction charges, speed approvals and give municipalities greater control over where housing density is added.