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

Legions of potential homebuyers are waiting for lower mortgage rates. After yesterday's Fed meeting, their wish may be closer to coming true. The Fed boosted its key rate 25 bps to 4.875%. But the bigger news was its new projected rate path, and the market's

Those favourable base effects we've been writing about worked their magic in February. Annual inflation dove from 5.9% to 5.2%—the lowest in over a year—largely because February 2022 inflation (which just dropped out of the annual calculation) was so high by comparison. And we&

With markets in a tizzy about deposit runs and bank failures, OSFI felt it necessary to put Canadian minds at ease Monday. "Canadians can be confident that we have a sound and effective regulatory and supervisory foundation that works to protect depositors and creditors," the regulator wrote in