The government of Canada just dropped its 2023 budget. Like last year, there were no major mortgage bombshells. Below is a quick rundown of the budget updates with lending relevance. Rate and inflation impact We haven't had a chance to dive deep into the inflation ramifications but suffice

A lot of mortgage brokers will be surprised it took this long. First Swiss, a private mortgage lender known for its seemingly insane high-fee, high-rate, 95%-LTV last-resort second mortgages, has gone belly up.   A receiver was appointed after the Financial Services Regulatory Authority of Ontario (FSRA) made a court

Uncertainty is usually the most extreme just before and after rate market peaks. That's when volatility rules. Monday was no exception. Canada's 5-year yield bounced 18 bps after Fed officials reassured that the U.S. banking system is "sound and resilient" with "strong

These days, mortgage applicants who carry high debt—relative to reported income—have countless options. Alternative lenders line up to help qualified borrowers stretch their buying power. Non-industry types may deem that imprudent, but debt service ratios (at the time of origination) are only a secondary predictor of defaults. What