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News from Mortgage Rates & Mortgage Broker News in Canada

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Top Mortgage Rates & Mortgage Broker News in Canada News

Canada adds surprise 83,000 jobs in June, driving unemployment rate down to 6.9%
Statistics Canada · Canada

Canada adds surprise 83,000 jobs in June, driving unemployment rate down to 6.9%

62% Left coverage: 34 sources
Canada’s labour market topped expectations in June amid a surprise surge in hiring.Statistics Canada said Friday that the unemployment rate dropped a tenth of a percentage point to 6.9 per cent in June as the economy added some 83,000 jobs.See the Story
Canadian Home Sales Rise 2.8% in June
Canadian Economy · Canada

Canadian Home Sales Rise 2.8% in June

71% Left coverage: 24 sources
Canadian home sales rose 2.8% in June from May and were up 3.5% on an annual basis, data from the Canadian Real Estate Association showed on Tuesday.See the Story
Rents are falling in Calgary, Toronto, Vancouver and Halifax as supply swells, says CMHC
CMHC · Canada

Rents are falling in Calgary, Toronto, Vancouver and Halifax as supply swells, says CMHC

73% Left coverage: 22 sources
See the Story

‘The Door Is Now Firmly Slammed Shut on a July BoC Rate Cut’: Markets and Economists React to Inflation Data

Coverage: 2 sources
Swaps markets now suggest only 6% odds of cutBank of Canada · CanadaSee the Story

4th Circuit Tosses Out Mosby's Mortgage Fraud Conviction in Split Decision

50% Left coverage: 4 sources
In a decision written by Circuit Judge Stephanie D. Thacker, the U.S. Court of Appeals for the Fourth Circuit ruled an erroneous jury instruction in the mortgage fraud trial against former Baltimore City State's Attorney Marilyn Mosby was sufficiently prejudicial to warrant reversal.Canada Revenue Agency · BaltimoreSee the Story

Alberta, Ottawa putting $203 million into new affordable housing units - Mortgage Rates & Mortgage Broker News in Canada

Alberta and Ottawa have signed off on $203 million for new affordable housing projects across the province.Alberta · AlbertaRead Article

N.S. Premier Wishes $1.35M Home-Sharing Program Had Resulted in More than 60 Leases - Halifax

100% Left coverage: 3 sources
Houston says he wishes his government's $1.35 million partnership with home-sharing platform Happipad had resulted in more than just 60 leases over two years.Halifax, Nova Scotia · HalifaxSee the Story

Montreal home sales up in June as median price rises around 7% from last year: board

86% Left coverage: 7 sources
Breaking News, Sports, Manitoba, CanadaMontreal · MontrealSee the Story

‘Kind of Stuck’: Weak Condo Market Means Tough Choices for Potential Move-up Buyers

80% Left coverage: 15 sources
While optimism is building in some parts of Canada for a rebound in the real estate market, condominium dwellers wanting to move up to a larger space face tough choices amid little sign of improvement for that segment.Real Estate · CanadaSee the Story

Mortgage renewals will strain Canadians, but most will manage: TD report

63% Left coverage: 8 sources
TORONTO — A report by TD Bank suggests mortgage renewals are expected to strain Canadian households, but most borrowers will manage albeit with less financial flexibility. The report by economist Maria Solovieva says households who locked in their mortgage for five years in 2020 during the pandemic when interest rates were low are now renewing […]Real Estate · TorontoSee the Story

Mortgage Digest: RBC expects no further BoC rate cuts - Mortgage Rates & Mortgage Broker News in Canada

Canada’s big banks are divided on how much further the Bank of Canada will cut, with RBC now saying the rate has likely bottomed, while others still expect more easing ahead.Bank of Canada · CanadaRead Article

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