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Latest Updates

Stay updated on the latest mortgage news and trends with detailed guide, covering everything from interest rates to refinancing.

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Bank of Canada reduced policy rate by 25 basis points to 4½%

It’s the central bank’s second decrease since June, when it kicked off its new rate cutting cycle after an 11-month-long hold.

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Fewer home sales and lower average housing prices

The average home price in Canada for June 2024 was $696,179, which is a drop of 1.6 per cent compared to the year before.

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Canadian Real Estate faces the worst market since 90s recession

Canadian real estate is facing some of the worst market conditions in decades, which warns investment has disappeared from the market.