MortgageLogic.news (Page 2)

Canadian Growth Trips Again, But Retail Therapy Lives On

Robert McLister Oct 31, 2025 12:35 PM ET

Canada’s economy took a bruising in August 2025, shrinking 0.3% instead of the Street's flatline (0%) estimate. One could cite several culprits, but the main suspects are predictable: U.S. tariffs and a business confidence crisis. Retail sales somehow managed to look chipper, however, climbing in

BoC Eases 25 Bps. Economists Say, “That’s All Folks”

Robert McLister Oct 29, 2025 9:58 AM ET

The BoC just gave the economy another 25-basis-point energy shot. That means Canada's benchmark prime rate will now ease to 4.45%, effective tomorrow. It’ll mark the lowest prime rate since June 2022. Moreover, if leading variable rates track prime lower, they'll become the easiest

Andrew Gilmour on CMLS's 'Iron-Man' Underwriters

Robert McLister Oct 27, 2025 1:08 PM ET

In an era where algorithms are gunning for back-office jobs, CMLS Financial’s Andrew Gilmour is strapping underwriters into "Iron Man suits" instead of replacing them. In this 9-minute chat, the CMLS SVP breaks down how the lender’s AI engine, AMI, is changing the mortgage approval game

CRA Income Validator: Lost in Space?

Robert McLister Oct 24, 2025 9:45 PM ET

Eager to try out CRA’s long-promised income verification tool for mortgage applications? Well, you can stop refreshing your browser on CRA’s website. Not even the blueprint for this mythical system yet exists — and at this point, some in the industry suspect it’s been permanently parked in “let&

U.S. Inflation Eases, but Still Refuses to Start With a Two

Robert McLister Oct 24, 2025 10:53 AM ET

American inflation came in a touch lower than markets expected, partly because shelter costs took a breather. That gives the Federal Reserve a clear runway for at least one, maybe two, rate cuts this year—before someone reminds them that inflation is supposed to have a 2-handle. Here's

Canadian Growth Trips Again, But Retail Therapy Lives On

BoC Eases 25 Bps. Economists Say, “That’s All Folks”

Andrew Gilmour on CMLS's 'Iron-Man' Underwriters

CRA Income Validator: Lost in Space?

U.S. Inflation Eases, but Still Refuses to Start With a Two

Canada’s Labour Engine Refuses to Die

More on Home Trust's Insured Comeback

Massive U.S. Layoffs Ripple Through Bond Markets