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Latest Canadian mortgage news and analysis /kia-mortgage-news/rfa-mortgage-originations-rise Introduction to RFA Mortgage Originations The Canadian mortgage market has seen a significant increase in RFA mortgage originations, with a 35% rise to $3.5 billion in the first half of the year. This growth is a testament to the strength of the Canadian housing market, particularly in provinces […]

Canada Tariffs: Ontario Mortgage Implications canada-tariffs-ontario-mortgage-implications As a seasoned mortgage broker in Ontario, I’m monitoring the recent announcement by U.S. Trade Representative Jamieson Greer, warning Canada to scrap its retaliatory trade measures against U.S. products to avoid new tariffs. This development has significant implications for the Canadian mortgage market, particularly in Ontario. Key Takeaways The

Lower Mainland weakness impacts BC home sales /bc-home-sales-drop Introduction to BC Housing Market Shifts The latest news from the Canadian Mortgage News Source indicates a 6.7% decline in BC home sales for July, with provincial sales remaining nearly 19% below the 10-year average. As a mortgage broker in Ontario, it’s essential to analyze the implications

Desjardins mortgage portfolio grows 8% as quarterly earnings rise desjardins-mortgage-growth Introduction to Desjardins Mortgage Portfolio Growth Desjardins, a major Canadian financial institution, has reported an 8% growth in its mortgage portfolio, reaching $206.8 billion in residential mortgage balances. This significant increase is attributed to improved margins and lower credit-loss provisions, resulting in a lift in

Mortgage options for homeowners, Ontario mortgage broker advice not-ready-to-downsize Introduction As a seasoned Ontario mortgage broker, I’ve seen many homeowners in Toronto, Richmond Hill, and other parts of the province struggle with the decision to downsize. With the current Canada housing market trends, it’s no wonder why many are hesitant to make a move. However,

Former CMHC chief leads Build Canada Homes /kia-mortgage/news/mortgage-market-shift Introduction to Canada’s New Housing Policy The Canadian mortgage market is abuzz with the news of Evan Siddall, former CMHC chief, being named chair of Build Canada Homes. As a seasoned mortgage broker in Ontario, I’ll delve into the implications of this development on the Canadian housing

Mortgage payments earn Aeroplan points, but at a cost. mortgage-rewards-program Introduction to Mortgage Rewards Programs The Canadian mortgage market has seen a new development with the introduction of a mortgage rewards program that offers Aeroplan points for mortgage payments. This program, launched by Chexy, provides one Aeroplan point per dollar paid, which may seem like

National rent falls 4% in July, what’s next for Ontario homebuyers? https://kia.mortgage/blog/ontario-mortgage-market-update Introduction to the Ontario Mortgage Market The latest report from the Canadian Mortgage News Source reveals a significant drop in average national asking rent, falling 4% in July compared to the previous year, now standing at $2,037. As a mortgage broker in Ontario,

Canadian rents decline as market stabilizes https://kia.mortgage/blog/average-rents-fall Introduction The Canadian rental market has witnessed a notable shift, with average asking rents falling by 4% in July compared to the previous year. This decline brings the national average rent to $2,037, according to a recent report. As a seasoned mortgage broker in Ontario, I will delve

Montreal-area home sales fell 10% in July, citing market adjustment montreal-home-sales-drop Introduction to Montreal’s Housing Market Shift The recent news of Montreal-area home sales dropping by 10% in July has sparked interest in the Canadian mortgage market. As a mortgage broker in Ontario, I’ll analyze the implications of this trend on homebuyers, refinancers, and investors.