mortgage

Business

Homeowners will no longer need to do stress test when switching mortgage providers

The national banking regulator says it will no longer require borrowers with uninsured mortgages to undergo a stress test when…

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Lifestyle

N.B. news: Not-for-profit gets donation for mortgage payment

It’s been an exciting couple of weeks for Charlie Burrell. The founder of Moncton’s Humanity Project got married last Saturday…

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Politics

Canada relaxes some mortgage rules to tackle housing crisis

Finance Minister Chrystia Freeland on Monday announced changes to some mortgage rules as part of an effort to make housing…

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Lifestyle

Lotto Max winner from Vancouver planning to pay off mortgage

Winning a $1-million lottery prize will help one lucky Vancouver resident pay off her mortgage – and potentially get more…

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Business

First-time homebuyers can now apply for a 30-year mortgage. Is that a good thing?

The 30-year amortized mortgages announced in the 2024 federal budget are kicking in on Thursday. First-time homebuyers who are purchasing…

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Entertainment

Toronto artist says he lost $2M in stolen paintings, forged mortgage to alleged fraudster killed last week

Alijan Alijanpour met Arash Missaghi when Missaghi commissioned a Persian miniature painting of his late mother for $50,000 a decade…

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Business

Mortgage debt is growing at its slowest pace in 23 years — but that could be short-lived, says CMHC

Mortgage debt grew at its slowest pace in 23 years in February, amid high borrowing costs and reservations related to…

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Business

Mortgage holders say they can make higher payments as Canadians cut spending: survey

A Bank of Canada survey finds Canadians are increasingly cutting back on spending while mortgage holders remain confident they can…

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Canada

Al Rashid Mosque cuts ties with Edmonton-based halal mortgage company

Canada’s oldest mosque is no longer working to validate that the halal mortgages offered by an Edmonton-based company comply with…

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Business

Some mortgage rates are dropping, but renewed loans could keep economy slow

As some Canadian lenders expect central banks, such as the Bank of Canada, to lower influential interest rates in 2024, borrowers…

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